Brexit, the economy and house prices part 5

setmefree2

Britain has been crowned the best country in the world for business in 2018 for the first time ever, even in the face of uncertainties around Brexit, according to Forbes' annual ranking.
The UK took the top spot out of 153 nations and jumped up from fifth place last year, scoring particularly well on technological readiness (fourth) and the size and education of its workforce (third).

http://www.cityam.com/277807/uk-has-just-been-named-best-country-business-2018

mrginge

I missed this the other day, but finally we get someone willing to put their nuts on the block.

https://www.theguardian.com/commentisfree/2017/dec/12/labour-britain-single-market-brexit-chuka-umunna

Could chukka be the stalking horse to shape labour’s actual policy position?

mrginge

setmefree2 wrote: »

http://www.cityam.com/277807/uk-has-just-been-named-best-country-business-2018

Obviously these people haven’t been CC’d in on the true horror email.

System

cogito wrote: »

Over 90% of world trade is under WTO rules. Suggesting that moving to WTO rules would be disastrous Is a remainer myth.

The effect on the UK would be due to going from having x% of trade under WTO to x+y%.

What the rest of the world do doesn't really inform us as to what this effect might look like.

I've had a bit of a search around on the WTO site to try and verify that 90% figure but it doesn't leap out - where's it from?

Herzlos

cogito wrote: »

Over 90% of world trade is under WTO rules. Suggesting that moving to WTO rules would be disastrous Is a remainer myth.

I give up. Really. How many times has this argument been debunked?

Filo25

Herzlos wrote: »

I give up. Really. How many times has this argument been debunked?

I know the feeling!

wunferall

Herzlos wrote: »

I give up. Really. How many times has this argument been debunked?

Debunked?
Please show me where?
I suspect that the fact is that you don't like the figures.
From the (of course unbiased ) EU themselves is this:

Together, the European Union's 28 members account for 16% of world imports and exports.

http://ec.europa.eu/trade/policy/eu-position-in-world-trade/index_en.htm

Remember that this includes the UK, which on it's own according to WTO accounts for a fair whack.
http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=GB&Language=S


Here the WTO say global trade in 2015 was measured in tens of trillions (US$) whereas EU trade was measured as being inder 5000 billion Euros in 2016 in their chart.
So yes, 90% being WTO sounds generous to the EU TBH.
https://www.wto.org/english/res_e/statis_e/wts2016_e/wts2016_e.pdf

System

wunferall wrote: »

Debunked?
Please show me where?
I suspect that the fact is that you don't like the figures.
From the (of course unbiased ) EU themselves is this:

http://ec.europa.eu/trade/policy/eu-position-in-world-trade/index_en.htm

Remember that this includes the UK, which on it's own according to WTO accounts for a fair whack.
http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=GB&Language=S


Here the WTO say global trade in 2015 was measured in tens of trillions (US$) whereas EU trade was measured as being inder 5000 billion Euros in 2016 in their chart.
So yes, 90% being WTO sounds generous to the EU TBH.
https://www.wto.org/english/res_e/statis_e/wts2016_e/wts2016_e.pdf

You've made the incorrect assumption that..

World trade minus EU trade = trade under WTO terms.

wunferall

ilovehouses wrote: »

You've made the incorrect assumption that..

World trade minus EU trade = trade under WTO terms.

No, you have.

I merely supplied both WTO figures and EU figures.
Of course, if you do on the off-chance have alternative data you would share.
Strangely you haven't.
When you can supply data proving otherwise you may have a point but for now it just looks like you don't like the figures.
Shame, that.

wunferall

I see the Bank Of England has fired it's own warning shot to the EU regarding "consequences" for EU banks in Britain if Brexit turns "sour".
:T

Bank of England Governor Mark Carney said big European banks operating in Britain would face little change, as long as their supervisors in the European Union cooperated with London after Brexit.

“But we retain all our options and if that is not forthcoming there will be consequences for those institutions,” he told lawmakers shortly after the BoE plan was published.

https://uk.reuters.com/article/uk-britain-eu-banks/bank-of-england-to-spare-eu-banks-from-costly-rules-if-brexit-goes-well-idUKKBN1EE03N