Eu trade deal.

[Ashtree]

And why, pray tell, do you think there is a huge increase in predicted spending in the coming years?

If the headline “worst economic setback in 300 years”, is accurate, then I dare say a very generous dollop of government spending, over an extended period of time, will be required to keep the ship afloat.
I guess, it will be likewise in very many countries. The EU €750 Billion refinancing deal, is exactly that, to be shared by members according to size and need post pandemic.

 

[czechmate]

Rumour from local market is the EU was put in the Ring but they couldn't find any buyers

No surprise there. They spout any old crap in those SW markets

 

[gone]

And why, pray tell, do you think there is a huge increase in predicted spending in the coming years?

Not my figures, these are the latest from the UK Chancellor.
A snippet from FT and the article in full.
The UK is forecast to borrow a total of £394bn this year, equivalent to 19 pre cent of GDP. The highest recorded level of borrowing in our peacetime history. Borrowing falls to £164bn next year, £105bn in 2022-23, then remains at around £100bn, 4 per cent of GDP, for the remainder of the forecast.

UK spending review 2020: the chancellor’s speech in full

Rishi Sunak’s statement to the House of Commons on Wednesday

www.ft.com

 

[ollie989898]

Not my figures, these are the latest from the UK Chancellor.
A snippet from FT and the article in full.
The UK is forecast to borrow a total of £394bn this year, equivalent to 19 pre cent of GDP. The highest recorded level of borrowing in our peacetime history. Borrowing falls to £164bn next year, £105bn in 2022-23, then remains at around £100bn, 4 per cent of GDP, for the remainder of the forecast.

UK spending review 2020: the chancellor’s speech in full

Rishi Sunak’s statement to the House of Commons on Wednesday

www.ft.com

I have no doubt whatsoever that those are the figures, but I would suggest they are more related to the pandemic than anything else.

 

[gone]

I have no doubt whatsoever that those are the figures, but I would suggest they are more related to the pandemic than anything else.

And why pray tell did you not just ask that?

 

[czechmate]

I have no doubt whatsoever that those are the figures, but I would suggest they are more related to the pandemic than anything else.

Generally the pandemic is going to be a pretty handy smokescreen to cover up the fiasco of Brexit

 

[gone]

Generally the pandemic is going to be a pretty handy smokescreen to cover up the fiasco of Brexit

The Pandemic is going to damage even the most stable economy, the UK and Brexiteers have been incredibly unlucky in the timing of this Pandemic.
I would compare it to quitting a good paying steady, but boring job you don't like, to start renting a big farm, and then getting a serious illness just when you have handed in your notice and signed the lease.

 

[czechmate]

The Pandemic is going to damage even the most stable economy, the UK and Brexiteers have been incredibly unlucky in the timing of this Pandemic.
I would compare it to quitting a good paying steady, but boring job you don't like, to start renting a big farm, and then getting a serious illness just when you have handed in your notice and signed the lease.

I disagree with that bit. I think they are very lucky, they will not be found out for the damage they have caused

 

[neilo]

I have long been warning all you “believers” on TFF, of the impending Boris “U Turn”, on ND.
But hey, I never did expect him to pull such a U Turn in a tunnel. Really, really reckless driving!
But, Boris will no doubt emerge from the other end, into the bright new BRINO landscape, declaring victory for her majesty!
TFF’s very own house revisionists, will no doubt pour a very generous dollop of Brexit Revisionism, over the very soggy, tepid, half baked Brexit which will be served up! Nothing like a dodgy sauce to put a bit of taste on a bitter pie. Eh!!

We don’t know the details of any deal, or even if there is one, so it’s a bit early to say if BoJo has made yet another U turn.

For all we know Johnny Foreigner has capitulated and Boris will emerge victorious. Even Farage might stop wittering on for a bit and give him a hearty slap on the back.

 

[gone]

I disagree with that bit. I think they are very lucky, they will not be found out for the damage they have caused

 

[czechmate]

We don’t know the details of any deal, or even if there is one, so it’s a bit early to say if BoJo has made yet another U turn.

For all we know Johnny Foreigner has capitulated and Boris will emerge victorious. Even Farage might stop wittering on for a bit and give him a hearty slap on the back.

Well, now I know you are an absolute optimist at least.

 

[Muck Spreader]

The simple fact is that the EU is the biggest and wealthiest trading block in the world and the UK is now going to have to join queue with all the other third party countries trying to trade with it. And the future all hinges on a few fish that no one in the UK actually wants to eat.

 

[bobk]

The simple fact is that the EU is the biggest and wealthiest trading block in the world and the UK is now going to have to join queue with all the other third party countries trying to trade with it. And the future all hinges on a few fish that no one in the UK actually wants to eat.

I agree about the fish , not so sure about the rest

 

[Jackov Altraids]

One does really have to laugh, when one reads on here from leading Brexitologists, that the EU doesn’t WANT a deal with the UK!!
Was it not an utterly foundational argument for Brexit in the first instance, that a deal with the EU would be “the easiest deal in history”?? Was it not foundational, that the EU would have no other option, but do sign a deal, and do so quickly and at the utmost favourable terms to the UK?? Was it not foundational, that Germany in particular, but also France would simply swat aside the other members of the EU, in their hurry to protect their own domestic economies?? Wasn’t it one catch phrase / dog whistle above all others, “they need us more than we need them”, which defined the putative benefits of Brexit, for the ordinary “pleb” in the street?
I’m minded when I read this stuff of the famous line from Shakespeare’s Julius Caesar, “beware the ides of March”.
Beware I beseech thee all, of TFF’s very own resident “revisionists”, for their version of events, seek only to deny reality and reckoning!

Nonsense.

This thread is in Agricultural Matters rather than Brexit/ politics as it warrants discussion in a pragmatic manner.
As someone that voted to leave, I am sad that the EU set itself on a path which is different than the wishes of most of it's citizens and I am very pleased we are no longer members.
Despite your attempts to score some cheap points, nothing has changed.
A trade deal is easy. The political and financial minutiae of a new relationship is a little more complicated.
A no deal is only the first day of a new deal and whatever the outcome, the success or otherwise of the future of the UK will be based on how HMG adapt to whatever the new circumstances are.
I am confident that in a decade, people will see leaving the EU in the same way as we see 'not joining the Euro', now.
Agriculture is in the front line and will face turmoil in the new year. This is no different than many other traumatic events that have hit the sector but we have all had plenty of time to plan for this.

 

[Muck Spreader]

I agree about the fish , not so sure about the rest

Doesn't matter, the facts are just that. As with anything you could argue that its slightly bigger or smaller than the US, but a small percentage difference either way means nothing.

 

[pgk]

We don’t know the details of any deal, or even if there is one, so it’s a bit early to say if BoJo has made yet another U turn.

For all we know Johnny Foreigner has capitulated and Boris will emerge victorious. Even Farage might stop wittering on for a bit and give him a hearty slap on the back.