Brexit, the economy and house prices part 5

Filo25

Tromking wrote: »

Interesting and calamitous end to the G7 shindig in Canada last night, which could have ramifications for the Brexit trade negotiations.
Trump advocating complete free trade between G7 nations and the rest doggedly hanging onto the idea of a rules based system. Trump vowing to move next onto to the unfair swamping of the US by foreign car makers, as a result the German car lobby is begging Merkel to cease tariffs on US car imports. This could be an good time for a country leaving the EU to be negotiating a free trade deal, especially when that country is the destination for circa 20% of German car output.
On the flipside of that argument, with Trump trashing the longstanding norms of the western alliance and perhaps shifting the geopolitical orbit of the US away from Europe, is it the time for the U.K. to be distancing itself politically and economically from its own continent?
Fascinating times we live in.

I can't say I've seen any sign that Trump is in favour of free trade, his populist agenda is more towards trying to set the rules to favour the US more.

What exactly is unfair about the competition from EU steel or aluminium producers or indeed German car producers?

Trump's main concern seems to be that they are successful rather than that there is any unfair competition.

I wouldn't say that bodes particularly well for the UK in any trade negotiations with the current administration, I can't think of a much worse time to be trying to negotiate that deal in recent years.

Equally I don't think there is any real demand in the UK for true unrestricted uncontrolled free trade, tearing up any minimum product standards along the way.

vivatifosi

I too have heard that Trump wanted a giant FTA between the G7 but that the EU said no.

I'm sure more detail will come out in the press over the next few days to either confirm or deny this.

Moby

Still trying to understand the links between the Brexit campaign and Putin. The Sunday Times is continuing to dig:-

!!!8220;The hidden scale of Kremlin links to the biggest donor to the Brexit campaign are revealed today.

Arron Banks, the millionaire businessman who helped fund Brexit, was offered a business deal involving six Russian goldmines.

He also had undisclosed meetings with the Russian ambassador to Britain !!!8212; set up by a suspected Russian spy !!!8212; and paid a previously unknown visit to Moscow at the height of the campaign.

cogito

Moby wrote: »

Still trying to understand the links between the Brexit campaign and Putin. The Sunday Times is continuing to dig:-

On the other hand, the links between George Soros and the remain campaign are not hard to understand at all.

Moby

My own take on it is that countries always try to influence events in other states in order to further their own interests. Putin knows that Brexit weakens us so he used Banks and Farage as useful idiots to further his cause which is to disrupt the west.

Herzlos

Investment numbers showing the damage has already started:

https://www.independent.co.uk/news/business/news/brexit-uk-economy-damage-foreign-direct-investment-report-ey-financial-services-businesss-a8390006.html

ukcarper

Moby wrote: »

My own take on it is that countries always try to influence events in other states in order to further their own interests. Putin knows that Brexit weakens us so he used Banks and Farage as useful idiots to further his cause which is to disrupt the west.

My take is that all these stories of interference in EU campaign is that show many many remain politicians and campaigners were and are still completely out of touch with electorate and can't believe the majority voted to leave. Unlike the majority of press and politicians I was not at all surprised that leave won in fact although I was a remain supporter I expected it.

Herzlos

Everyone on both sides should be concerned about political interference.

Not that the remain campaign isn't out of touch.

iro

'Most Labour MPs are in seats that voted Leave. My constituents could rightly ask whether we have really left the EU if we are still subject to all the rules, regulations and obligations that come from membership. What message are we, as a Labour Party, sending to voters in these seats if we simply turn away from the spirit of the referendum result? What hope can we have to win back those traditional seats we need to win in order to form the next government if we tell the voters in those communities that we know better than they do?'

https://labourlist.org/2018/06/gareth-snell-the-eea-isnt-the-answer-we-cant-lose-the-trust-of-leave-voters/

Brilliantly put and this is why Brexit will happen.

'Turkeys do not vote for Christmas' (unless they are coated in ermine of course)

Zero_Gravitas

This both made me smile and pretty much sums up the current situation:

https://newsthump.com/2018/06/04/i-never-said-it-would-be-beneficial-to-leave-the-eu-explains-man-who-spent-15-years-saying-wed-be-better-off-outside-eu/