FTSE rising whilst prospect of FTA seems to be fading

Alistair31

Fish for dinner every night. (In 5 1/2 years time.)

Another_Saver

Thrugelmir said:

Bobziz said:

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? 

People neeed to take responsibility for their own destinies. Wealth is created through hard work and increased productivity.  Start by buying British goods and services. 

Luck: hold my philosophical discussion on free-will 

Bobziz

Thrugelmir said:

Bobziz said:

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? 

People neeed to take responsibility for their own destinies. Wealth is created through hard work and increased productivity.  Start by buying British goods and services. 

Ha, thanks for that, a bit of comedy never goes a miss. For a limited few, this idea may ring true, unfortunately countless others face discrimination and opportunities are not equal. As for buy British, if the products are of good quality and represent value for money, then sure, but I won't buy British purely because the product is made in this country.

Alexland

Thrugelmir said:
Start by buying British goods and services. 

Seeing all those trucks parked up or the massive cargo port operations is a good reminder of how wasteful our consumer choices have become. It's not just the economic and strategic impact of not being self sufficient in food but also the environmental damage caused by transporting it so far. Is there really any need to export lamb and import beef? Maybe small food tariffs would have nudged people to make better choices.

NottinghamKnight

One of the impacts of the free market has been the mobility of labour especially at the lower to mid skill levels. This has had an effect on wages and allowed them to be constrained which a limited labour pool will loosen, people will have to be paid more to do those jobs, a consequence is that many things will also become more expensive.
People have been perfectly content to buy cheap goods shipped from east asia, made in factories by people earning a few dollars a month with no health and safety, this could all be done in the uk but at higher cost.  

Thrugelmir

Bobziz said:

Thrugelmir said:

Bobziz said:

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? 

People neeed to take responsibility for their own destinies. Wealth is created through hard work and increased productivity.  Start by buying British goods and services. 

Ha, thanks for that, a bit of comedy never goes a miss. For a limited few, this idea may ring true, unfortunately countless others face discrimination and opportunities are not equal. As for buy British, if the products are of good quality and represent value for money, then sure, but I won't buy British purely because the product is made in this country.

Then what benefits do you expect?  Nothing is for free. Others will happily take the business and subsequently the jobs by being cheaper. 

Bobziz

Thrugelmir said:

Bobziz said:

Thrugelmir said:

Bobziz said:

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? 

People neeed to take responsibility for their own destinies. Wealth is created through hard work and increased productivity.  Start by buying British goods and services. 

Ha, thanks for that, a bit of comedy never goes a miss. For a limited few, this idea may ring true, unfortunately countless others face discrimination and opportunities are not equal. As for buy British, if the products are of good quality and represent value for money, then sure, but I won't buy British purely because the product is made in this country.

Then what benefits do you expect?  Nothing is for free. Others will happily take the business and subsequently the jobs by being cheaper. 

I don't expect any benefits, which is why I didn't vote for it. Very happy to work hard for any benefits that are worth having though, but I'm not clear what these are, are you ?

BananaRepublic

Alistair31 said:

BananaRepublic said:

Thrugelmir said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

Perhaps the most surprising aspect of this deal is the apparent lack of a payment for EU access. 

Works both ways.  Tariffs as in import duty would be a payment. The broader WTO rules govern what is permissable or not. Access charges would be illegal. 

I don’t understand your post. Norway, Switzerland and Liechtenstein all pay for access to the EU markets, Norway pays a fortune albeit roughly 100 Euros per person per year which is on a par with the UK contribution. 

It is conceivable they allowed for the fact that we are a net importer of EU products excluding services. 

In 2018 the ONS has U.K. gross contribution at £20bn, which is £301 per person per year. Where does your 100 Euros figure come from? 

Even after abatement the figure is way above 100 euros 

You need to look at the net contribution after deducting the so called UK rebate and the money that is spent within the UK. The net amount in 2020 is a bit higher than I stated. I used some older figures as I needed EU and none EU member contributions. Note that your figures are gross amounts and in GBP.

But the data is good enough to compare relative contributions, and show that the per capita contribution by Norway is roughly the same as that of the UK. In other words, that we don’t apparently contribute is surprising and opens up a big hole in the EU budget. 

BananaRepublic

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

I am not agreeing with you. You’d be better off just accepting that it’s happened. 

Thrugelmir

Bobziz said:

Thrugelmir said:

Bobziz said:

Thrugelmir said:

Bobziz said:

Sailtheworld said:

BananaRepublic said:

Sailtheworld said:

John464 said:

All I know so far is this will be a deal that puts up barriers to trade we haven't got now

A vote to leave the EU was a vote to make trade with the EU more difficult. This was known when we stepped into the polling booths on referendum day.

No it wasn’t. There may have been many reasons to favour Brexit, but arguably the key one was to escape from ever increasing political and economic union with the EU. An increase in trade friction was an inevitable side effect. Frictionless trade at any price is not desirable. 

You're completely agreeing with me. A vote to leave the EU was a vote to make trade with the EU more difficult. Of course those voting to leave thought the potential benefits would be worth it. 

What are the benefits and when do they begin ? 

People neeed to take responsibility for their own destinies. Wealth is created through hard work and increased productivity.  Start by buying British goods and services. 

Ha, thanks for that, a bit of comedy never goes a miss. For a limited few, this idea may ring true, unfortunately countless others face discrimination and opportunities are not equal. As for buy British, if the products are of good quality and represent value for money, then sure, but I won't buy British purely because the product is made in this country.

Then what benefits do you expect?  Nothing is for free. Others will happily take the business and subsequently the jobs by being cheaper. 

I don't expect any benefits, which is why I didn't vote for it. Very happy to work hard for any benefits that are worth having though, but I'm not clear what these are, are you ?

Covid has changed the landscape. Whatever the arguments previously. Times have changed. New opportunities are available.