UK's Brexit Details Released

[tay]

A Tory MP has been caught up in a racism storm after she described leaving the EU without a deal as the “real n***** in the woodpile”.

Anne Marie Morris, MP for Newton Abbot, made the controversial remark at a meeting of eurosceptics at the East India Club in St James Square, central London, on Monday.

The 60-year-old, who studied at Oxford University, claimed just 7 per cent of financial services in the UK would be affected by Brexit

In a recording published by the Huffington Post, she then said: “Now I’m sure there will be many people who’ll challenge that, but my response and my request is look at the detail, it isn’t all doom and gloom.

“Now we get to the real n***** in the woodpile which is in two years what happens if there is no deal?”

She has since apologised for the comment, describing it as "unintentional".

Green Party co-leader Caroline Lucas urged the Tories to cut ties with Ms Morris, tweeting: "Appalling. Should have the whip removed immediately.

"No place in our politics for racism, full stop."

Anne Marie Morris 'recorded saying 'N***** in the woodpile' during meeting' | London Evening Standard

 

[White_Unifier]

Who are you going to sell things to (assuming that you're going to start making things that people want to buy) The Americans? They're about to slap big tariffs on imports. Your pound is too high to make your goods affordable to most of the world. Those nasty Europeans are your customers and you need them very badly.

The UK could go Singapore on us, which would be the wisest thing it could do under the circumstances.

But given the UK's reliance on the EU market, even going Singapore would, at most, make up for its losses, and even that is debatable.

The best move for the UK would have been to try to promote more open trade with the rest of the world from within the EU itself.

 

[Curious Cdn]

The UK could go Singapore on us, which would be the wisest thing it could do under the circumstances.

But given the UK's reliance on the EU market, even going Singapore would, at most, make up for its losses, and even that is debatable.

The best move for the UK would have been to try to promote more open trade with the rest of the world from within the EU itself.

The value of their overpriced Sterling had better go down a whole lot or their exports will consist of high-end pottery and Whiskey.

 

[White_Unifier]

The value of their overpriced Sterling had better go down a whole lot or their exports will consist of high-end pottery and Whiskey.

However foolish I think the UK was to leave the EU, I still think Canada should promote some kind of open-trade agreement with the UK.

 

[Curious Cdn]

However foolish I think the UK was to leave the EU, I still think Canada should promote some kind of open-trade agreement with the UK.

The Brits would think that it's a return to the old Colonial arrangement ...You know, we send them furs, fish and wood and they send us iron pots, wool blankets and firearms.

 

[White_Unifier]

The Brits would think that it's a return to the old Colonial arrangement ...You know, we send them furs, fish and wood and they send us iron pots, wool blankets and firearms.

Good point. That would probably lead to a Brexit 2, then the UK would be looking for a free trade agreement with India thinking they could boss it around. When they realize that won't work either, then they'll have Brexit 3. Meanwhile, they'll be scratching their heads at why their economy just keeps sinking.

Oh well, live and learn I guess.

 

[Danbones]

The Brits would think that it's a return to the old Colonial arrangement ...You know, we send them furs, fish and wood and they send us iron pots, wool blankets and firearms.

you left out PoX

BTW all our economies are sinking -- the bankers have stolen all the cash.

 

[White_Unifier]

You're right. The United States is, by far, Canada's largest trading partner (in both exports and imports) - I think Canada trades more with the US than it does with all the other countries in the world put together - yet Canada isn't in political union with the United States.

the reason for that is... geography. It's a lot less expensive to ship goods a few kilometres away than it is to ship them thousands of kilometres away. That's why the UK was so foolish to leave the EU. Whether we like it or not, to have fully free trade with the EU requires free movement too. That's a choice the EU has made as a condition to trading with it.

You can leave it, but then, unless you're prepared to pull a Singapore (which I doubt many Britons would be prepared to accept), then you're stuck.

 

[Tecumsehsbones]

You're right. The United States is, by far, Canada's largest trading partner (in both exports and imports) - I think Canada trades more with the US than it does with all the other countries in the world put together - yet Canada isn't in political union with the United States.

Yes it is. They just like to pretend it's not.

 

[Curious Cdn]

Yes it is. They just like to pretend it's not.

So, it's all your fault, then.

 

[Tecumsehsbones]

So, it's all your fault, then.

Specifically, it's all Obama's fault.

 

[Danbones]

Obomber?
Well, if you need a drone to drop in, he would have been the guy.

I don't know what you would trade for that...oil...opium...weaponized illegal immigrants...?

Britain has drones, missiles, and explosions of its own. I don't see how they need to import those sports of things.

 

[justlooking]

There's this weird idea some people have, that in order to buy and sell products and services, a country is required to be in a political union between buyers' and sellers' nations. But only if it's on the European peninsula. I just can't fathom that so many people are this gullible.

All politics in the UK are so insanely messed up, and yes people are very gullible and very stupid.
Each party lies through their teeth about everything, it's almost a comedy.. if it wasn't such a tragedy.

 

[taxslave]

The UK could go Singapore on us, which would be the wisest thing it could do under the circumstances.

But given the UK's reliance on the EU market, even going Singapore would, at most, make up for its losses, and even that is debatable.

The best move for the UK would have been to try to promote more open trade with the rest of the world from within the EU itself.

Trade isn't the problem. It is mostly the unelected bureaucrats in Brussels making rules that all member countries have to follow. The biggest problem is the immigration one. There are several successful economies in Europe that don't belong to the EU so there is no reason Britain can't do as well.

 

[Tecumsehsbones]

Trade isn't the problem. It is mostly the unelected bureaucrats in Brussels making rules that all member countries have to follow.

True. Britons have a Gawd-given right for the rules they must follow to be made by unelected bureaucrats in London!

 

[justlooking]

Trade isn't the problem. It is mostly the unelected bureaucrats in Brussels making rules that all member countries have to follow. The biggest problem is the immigration one. There are several successful economies in Europe that don't belong to the EU so there is no reason Britain can't do as well.

If you are referring to Norway, and Switzerland, they both have free movement as a matter of course.
In Norway it was done against the wishes of the people.
Switzerland does have some restrictions on what benefits can be claimed, but not on who enters the country.
One problem the British have is their benefits system is way too generous and they are addicted to it.
So they cannot reduce the programs, because that would lose them too many voters in an election, and so the programs have to be extended to EU people as well.
This is half the pull for people migrating there.

 

[Blackleaf]

But given the UK's reliance on the EU market

The EU's dwindling importance to UK trade in three charts

While the EU remains the largest single market for British exports, its declining share of global GDP has reduced its significance

The UK faces a vote on EU membership Photo: REUTERS/STEFAN WERMUTH


By Peter Spence, Economics Correspondent
26 Jun 2015
The Telegraph

As the UK marches towards a referendum on its EU membership, the nation's statisticians have taken a closer look at the bloc's importance to trade.

The Office for National Statistics (ONS) has released a bulletin on UK-EU trade, in the same month as trade figures show that British reliance on trade with the EU has fallen to an all-time low.

But what does this mean for the importance of our trade links with the EU?

1. The EU is the world's biggest economy, but its share of global GDP is falling

The EU was formed in 1993, and since then has become the world's largest individual economy, if you combine the GDP of its members.

It became bigger than the US in 2003.

But while the EU may occupy the top spot, its share of the global economy has been declining. In the two decades after its formation, its share of global GDP has dropped from 30pc to 24pc in 2013.

The ONS said: "This is because growth in non-EU economies has outpaced growth of EU economies, mainly driven by strong growth in the BRIC (Brazil, Russia, India and China) economies."

And if you don't treat the EU as one economy, then the US is still bigger.

But China is on track to become number one in nominal GDP terms, and may be there already on a purchasing power parity basis.

2. British dependency on EU trade is at a record low

The proportion of goods and services we're trading with the EU is falling.

The ONS said that exports from the UK to the EU grew on average by 3.6pc from 1999 to 2014, below the 6.5pc rise in exports to non-EU countries.

As a result, the proportion of UK exports destined for the EU has dropped from 54.8pc in 1999 to 44.6pc in 2014.

The latest monthly figures showed that in April goods exports to the EU fell to a record low. Just 45.1pc of the goods that the UK exported that month went to the EU, down from 52pc in the previous year.

Martin Beck, an economist at Oxford Economics, said: "The latest trade data showed a further decline in the EU's importance as a market for UK exports.

"The EU remains by far the UK's single most important export market," said Mr Beck. However, he added that "a consistent drop in the importance of the continental market should embolden David Cameron's hand in renegotiating the UK's membership".

3. The EU's importance as a trade destination is likely to keep declining

Elizabeth Martins, an economist at HSBC, warned that the jump in goods exports in April largely came from growth in non-EU markets. She said this was "a move which could be vulnerable to reversal in coming months".

But that doesn't mean that the long-term trend won't be a steady one. Less developed economies are catching up, and are sure to represent a larger share of UK trade in future.

Mr Beck said: "While exit from the EU continues to look an unlikely prospect, were it to happen, an ongoing shift in the destination of UK exports should at least make the cost in terms of lost overseas sales less onerous over time."

Trade figures showing high exports to the EU may also be inflated by the 'Rotterdam effect'.

This refers to the theory that exports to the Netherlands are high because they are shipped to Rotterdam, before continuing on around the world to a non-EU destination.

The EU's dwindling importance to UK trade in three charts - Telegraph

 

[tay]

Brussels reasserted its position that the terms of the UK’s divorce must be settled before they will discuss plans for future relations between the two.

The EU on Tuesday flatly rebuffed the U.K.’s first formal proposal on a post-Brexit trading relationship, saying a new position paper released by London was an effort to leapfrog divorce proceedings.

Brussels noted that withdrawal terms must be settled first — a position they believe is strongly supported by Article 50, the brief provision in the EU treaty that sets the parameters for a nation’s withdrawal from the bloc.

“We take note of the U.K.’s request for an implementing period and its preferences as regards the future relationship, but we will only address them once we have made sufficient progress on the terms of the orderly withdrawal,” the EU said in a statement.

“An agreement on a future relationship between the EU and the UK can only be finalized once the U.K. has become a third country.”

The EU also rejected the U.K.’s attempted assertion that future trade might be as easy and efficient as it is now, as a member of the bloc.

“As Michel Barnier has said on several occasions, ‘frictionless trade’ is not possible outside the single market and customs union,” the EU statement said, referring to its chief negotiator.

Overall, the EU said it welcomed the first in a series of papers intended to lay out the U.K.’s negotiating position, which many in Brussels have viewed as a mystery.

“We see the U.K.’s publication of a series of position papers as a positive step towards now really starting phase one of the negotiations. The clock is ticking and this will allow us to make progress,” the EU said.

In its statement on Tuesday, the EU subtly chastised the U.K. for its slow pace in putting forward detailed negotiating positions. Brussels noted that London’s paper on an interim customs arrangement was “a first response to the series of 9 papers which the EU published before the summer.”

It then listed the topics of those papers, which began by focusing on two of the withdrawal issues that Brussels views as most critical: citizens’ rights and the so-called financial settlement, by which the U.K. is expected to fulfill past and future financial commitments undertaken during its four decades as an EU member. London has indicated it will not readily agree to a specific amount that must be paid to leave the EU, though officials have repeatedly said the U.K. lives up to its obligations.

more

EU dismisses Britain’s post-Brexit customs plan – POLITICO

 

[Jinentonix]

Buried in a 19,800 word Spectator essay written by former online editor and Vote Leave director Dominic Cummings is an admission:

The Brexit referendum was won by lying to the public.

The piece, found here, is well worth reading but also falls victim to classic mansplaining of a complex issue with many words wasted on prose that most politicians would be proud of, working around the subject rather than delving in to the heart of it.

Of course, that’s for a very good reason, because at the heart of the vote to leave the European Union is an entanglement of lies and propagandist sensationalism that even the most brave souls wouldn’t dare admit to.

And so to the damning paragraph that outs the Leave Campaign for what it was:

Vote Leave director admits they won because they lied to the public - The London Economic

The biggest lie in the entire affair came years ago when PM Heath promised that joining the EU would have to be approved by the British people first. When he learned through polls that the sentiment was 2-1 against joining, he illegally and unconstitutionally forced the UK into the EEC/EU.
The British people are merely taking back what was NOT Heath's to give away nor the EEC's to accept.

True. Britons have a Gawd-given right for the rules they must follow to be made by unelected bureaucrats in London!

Nothing wrong with preference. Given only the two choices, would you rather have unelected bureaucrats in DC making the rules for Americans or unelected bureaucrats in Ottawa making rules for Americans?
I mean, wouldn't you just love it if some tit-head in Ottawa decided that your firearms were restricted or prohibited weapons that you're not permitted to own and could enforce it?

 

[Tecumsehsbones]

Nothing wrong with preference. Given only the two choices, would you rather have unelected bureaucrats in DC making the rules for Americans or unelected bureaucrats in Ottawa making rules for Americans?
I mean, wouldn't you just love it if some tit-head in Ottawa decided that your firearms were restricted or prohibited weapons that you're not permitted to own and could enforce it?

Why not? Tit-heads in Washington and Annapolis do it now. Or didn't you know that most gun restrictions are by the states, not the federal government?

The annoying part is the inconsistency. In Maryland I just barely have the right to carry a one-inch fingernail cleaner. Six miles from my place, in Virginia, I can carry a freakin' rocket launcher to the grocery store, if that happens to suit my fancy.

But don't get me wrong, I'm completely in favor of Europe going back to pure national sovereignty. Been a while since they drowned the continent in blood. Way overdue.