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[dr biotech] 15/3/2019 18:48

Do we really want a free trade deal with China?

The problem is that we already have a free trade deal with the EU and through them 60 or so other countries. These will all go to WTO except a couple of fairly small ones.

The EU has bigger bargaining power than us and has deals that legally can't be bettered. So at best we are going to where we are now at some point in the future after first going on worse terms.

The are three main countries that we could make significant deals with. China - the worlds largest low cost manufacturer who would probably dump a lot of stuff on us. Trumps America first - chlorinated chicken (which incidentally isn't just about the final wash, its a more about the entire process including animal welfare). One of the things that the US would also want would be a clause that we don't make deals with some other nations. Then there is India - sticking point there is that they want visas to work over here. Thats not going to go down well with the largely anti-immigration brexiteers.

And what are we going to sell India/China? Its going to make our trade deficit worse.

[steeplejack] 15/3/2019 16:53

A facetious remark about chlorinated chicken.I really couldn’t give a stuff about chlorinated chicken.You’re right,I just won’t buy it.The point is that you shouldn’t expect that deals with the likes of the USA or China to be easy.They’ll both drive hard bargains and China will almost certainly have a political agenda.Complain about human rights etc and economic trade deals could be compromised.As far as the USA is concerned,they’ll expect you to accept hormone treated meat....(and yes chlorinated chicken)which will in turn compromise our arrangements with the EU because standards would have been compromised in their eyes.Numerous articles have been written about the lack of wiggle room provided by the necessary acceptance of trading standards.Time will tell.

[wbecki] 15/3/2019 16:36

"lippy4
15 Mar '19 - 16:32 - 19436 of 19436
0 1 0
steeplejack my last word about the eu,you drink chlorinated water don't you so whats the difference."


Steeple doesnt drink tap water, it is beneath him.

He ships his water in from the Highlands no doubt.

[lippy4] 15/3/2019 16:32

steeplejack my last word about the eu,you drink chlorinated water don't you so whats the difference.

spud gsk is not doing much today any way,by the way I have held gsk for 7 years for income.

[wbecki] 15/3/2019 16:27

"However,i would say that leaving the largest trade group on the planet is unlikely to afford economic benefits and anyone who thinks it will,better develop a taste for chlorinated chicken"

Versus the chlorine washed salad we get from EU

The Hepatitis E we get in meat from Holland and Germany

Or the chlorine washed tap water many drink every day in UK!!!

You're peddling fearmongering tripe. And you must know it.

In addition who is forced to purchase chlorine washed chicken, or chlorine washed salad, or Hepatitis E EU meat (unless it isnt labelled as such!!)

"I guess the USA and China and the like will be more than benign with their trade deals.....so we hope."

Eu doesnt have a FTA with

USA
China
et al.

UK is 5th or 6th larget global economy.

Why do you think Britain isnt good enough or big enough exactly???

[spud] 15/3/2019 16:16

Can someone change the header to BREXIT & all possible permutations please....Strewth people, there's a thread for BREXIT - Please please use it!spud

[steeplejack] 15/3/2019 16:09

It’s contentious to say we prospered under the EU.Afterall,soon after we joined we had oodles of North Sea oil revenues that makes comparisons somewhat difficult .So,I’m not saying ,unequivocally,that EU membership has benefitted this country.However,i would say that leaving the largest trade group on the planet is unlikely to afford economic benefits and anyone who thinks it will,better develop a taste for chlorinated chicken.I guess the USA and China and the like will be more than benign with their trade deals.....so we hope.

[lippy4] 15/3/2019 15:49

steeplejack

how can you say that economically we have prospered in the eu,we have an enormous deficit with them plus the costs of belonging go far beyond.

we are as a country going to be swallowed up and disected in time to suit the grand plan which the eu mysters have in mind.

the Lisbon treaty says we hand over total power to the eu and in time of course the pound will be dropped for the euro which we as a country told them it would be a disaster which has been proven.but not for Germany as it sold all its goods at a advantageous currency rate and now you have a huge mess of mammoth proportions.

I personally do not want the eu to have this power that is why I believed in leaving.

[wbecki] 15/3/2019 15:47

Who said this about LEAVERS?



"There again, the majority are old and will be dead soon.Who knows,the young might reapply for EU membership sometime in the future."

Stepplejack <-----------------------


And you have the call to call me a nasty person.

At least I dont wish the elderly were dead!!!!!

[tradermichael] 15/3/2019 15:25

The Labour Party has to shoulder a heavy share of responsibility for Brexit, on account of its half-hearted support for the "Remain" campaign, and more generally because it has been unable to form a strong and credible opposition to the Conservatives since losing power in 2010. Had the party chosen the far more experienced and respected David Miliband as leader in 2010, rather than Ed Miliband, "Red Ed", it is quite possible that Labour would have returned to power after five years of Cameron Tory government, and the referendum would not have been called.
Choosing the rather limp Jeremy Corbyn as leader further decredibilised the party. While it should have been fighting tooth and nail from the very start of the referendum campaign to get Labour supporters to vote "remain", Labour's effort was, until mid June, pretty half-hearted. Corbyn could only give the "remain" camp a ranking of 7/10 when asked how keen he was to remain in the EU; and not until two weeks before the election did the rest of the party suddenly realise that the result of a "leave" vote would not just be a disastrous British exit from the EU, but would also give the UK the most right-wing and labour-unfriendly government it has had for over a century. Labour's effort was too little too late.

[steeplejack] 15/3/2019 15:03

I agree with you grahamite.I think the whole electorate was buffeted by subjective claptrap and both sides,with all their misconceptions and prejudices,devised opinions which are ultimately democratically valid.As Dr Biotech posted earlier,I would fall into that camp who are pro the EU economically but anti the EU politically.I suspect the majority in this country simply want the old European Economic Community back,the trade body they voted for all those years ago. What worries me is that the whole EU debate has become pernicious,stirring up xenophobia as regards immigration and even strong antiestablishment sentiment which extends to the likes of London itself.Whether Cameron was right to call a referendum to spike the guns of UKIP and heal the divisions of his own party will long be debated.Yet,there's little doubt that the divisions of the Tory party have now infected the whole nation.Unforgivable.

[abdullla] 15/3/2019 13:45

Yes in the land of blind everyone is equal,it is the one eyed newcomer who destroys the peace.

[grahamite2] 15/3/2019 13:39

Another thing: those who voted leave had every bit as much, or every bit as little, understanding as those who voted remain.

Naturally, if you think I am wrong, I'd be happy to hear your evidence for such an assertion.

[grahamite2] 15/3/2019 13:35

steeplejack 15 Mar '19 - 11:08 - 19408 of 19423

If you think that people in this country who voted leave had a full understanding of exactly what leaving the EU would involve then you’re being disingenuous.

Do you think people who vote in general elections have a full understanding of what's involved? Neither do I. But for good or ill that's democracy.

[abdullla] 15/3/2019 13:34

Sell some GSK and buy a truck load of Vodafone which is heading back to 250p,go on take a chance while GSK is in reverse gear and going down in a rising market,imo

[prambigear] 15/3/2019 13:02

Until Cameron, Tory leaders feared or were cautious about being replaced.
Until Cameron, MP's behaved 'corporately', in accordance with their election promises (largely) as if their party failed it's majority they may lose in a snap General Election.

Cameron took away the things that helped make our democracy 'honest'.

Unforeseen outcomes.

[alphorn] 15/3/2019 12:48

It is a GSK site but at this time very much a forex proxy.

[lippy4] 15/3/2019 12:30

after what has happened since we have been in the eu with the headlong rush into a european empire which is what is happening now with no discussion with eu countries

I write as I do steeplejack as its my mo,i suggest to you all who cannot look beyond your bank account to your grand childens future as they are the ones who will be suffering the over bearing left wing government of the eu and as we as a country have been out voted for so many years trying to turn this leviathan around,the future is not going to be one of peace and wealth..

just look at what the u has done to so many of the countries in the eu already with massive debts and huge unemployment.

I think you have your head in the sand I am sorry to say.

[tradermichael] 15/3/2019 12:17

This'll save us:

Britain has signed a post-Brexit trade deal with the Pacific islands of Fiji and Papua New Guinea, as the government rushes to sign as many agreements as possible before 29 March.
The Department for International Trade said the agreement would maintain access to goods including sugar and fish imported from the islands 10,000 miles away. Total trade between Britain and the region is worth about £369m a year.

[steeplejack] 15/3/2019 12:11

umm.....point taken thamestrader.......as they say,the biggest room in the world is the room for improvement.

Incidentally,rule of thumb suggests that if sterling goes better that the overseas earners will falter.I'm not totally convinced.A counter balance could be that overseas funds would be prepared to buy sterling assets if the Brexit mess is concluded.Overseas funds are reluctant to buy into assets if the local currency is weak.Of course,they can buy ADRs but a stable,solid local currency always helps the cause.

[thamestrader] 15/3/2019 12:07

Steeplejack, your own punctuation could be improved by the addition of a space after your full stops and commas. Whilst I agree with your posts, they are difficult to read.