Japan values its trade with the UK, however they need a different type of deal with us compared to the EU 27. They want to reduce tariffs much faster than the EU trade deal provides. The thing is tgis is what all future trade partners want regardless of ecomomic position in the world. US Japan Canada etc etc all see the opportunity to sell us a lot more "stuff" particularly if its cheap. This also means they dont have to manufacture their product in the UK. None of this is good.
Mr Gove has promised tariffs on EU food imports to protect agriculture....
So the great unwashed dont get the cheap food promised by the ERG.....
Lets think what the EU might do? Introduce tit for tat tariffs....
Love it when a plan comes together...
I would personally prefer a 0% tariff on all goods and services, it would benefit me, my family and my business significantly.
I would also like to see VAT and Corporation Tax halved, supported by ALL businesses paying their tax liabilities.
I would like to see income tax set at 20% and the removal of all tax allowances (and benefits should be taxed)
I would like the minimum wage set at £10 (outside London)
I would like all employees to be part of a profit share scheme.
Not what most people would view as a socialist pitch but none of the above will happen due to the built in "protectionism" at all levels of business and life in the UK
Mr Gove has promised tariffs on EU food imports to protect agriculture....
So the great unwashed dont get the cheap food promised by the ERG.....
Lets think what the EU might do? Introduce tit for tat tariffs....
Love it when a plan comes together...
I am not an economist. Economic growth is based on trade and specialisation therefore as an economic "island" the UK's growth would be lower than the rest of the trading globe. Of course if your key objectives are not economic growth this may not matter to you. IMO without trade the UK would very quickly be unable to purchase the things we want. I don't think Gove is proposing protection for farmers forever, he has said many times that he favours a staged withdrawal from the EU, which I take to mean he is eventually sees Britain as a low tariff economy in everything. As long as this doesn't compromise his personal ambition of course.Any budding economists on here? Just wondering how a country like the UK would function if all outside trade was stopped.
We'd have to provide our own food, energy, machinery, medicines, labour.
Would we become self-sufficient very quickly or would we fail dismally?
And you are being too simplistic - the UK consume a lot of "lamb" but produce a lot of "lambs", the Uk imports a lot of "beef" but export a lot of "beef", the UK exports a lot of "dairy" but import a lot of "dairy". So how do you deal with the complexities of consumer demand V production in these areas - do you expect consumers to change their demand habits? NZ have 20 different markets for "a lamb" as consumers tastes vary, ie the UK eat a lot of legs and the US a lot of racks. So do you put tariffs on lamb legs but not racks to ensure we only eat UK legs but keep our exports for racks?As I said before you are generalising about "Food".
The UK doesn't produce all kinds of "Food" .. that which the UK does produce will have tariffs placed on imports. This will increase local production which helps the environment and UK jobs.
All other foods which the UK does imports can have the EU tariffs reduced .. for example on Oranges, Bananas, Avocados etc.
And you are being too simplistic - the UK consume a lot of "lamb" but produce a lot of "lambs", the Uk imports a lot of "beef" but export a lot of "beef", the UK exports a lot of "dairy" but import a lot of "dairy". So how do you deal with the complexities of consumer demand V production in these areas - do you expect consumers to change their demand habits? NZ have 20 different markets for "a lamb" as consumers tastes vary, ie the UK eat a lot of legs and the US a lot of racks. So do you put tariffs on lamb legs but not racks to ensure we only eat UK legs but keep our exports for racks?
Don’t get me wrong, the current system of subs and market access has lead us to be somewhat lazy in our promotion and marketing to our “internal UK market”, however the driver in the market is (as you point out) consumer demand, not idealism.Shame we have such an open market economy. If we were Cuba or N Korea or the old Soviet then it would be a case of - your choice is UK lamb, or UK lamb, or UK lamb. Leg shoulder whatever, but UK lamb. We see it most with car manufacture. UK has been producing loads of cars - for export, while UK consumer likes German cars. And the arrangment of EU customs union and single market allows for that flexibility. But not now. Hey ho. such fun to watch
Mr Gove has promised tariffs on EU food imports to protect agriculture....
So the great unwashed dont get the cheap food promised by the ERG.....
Lets think what the EU might do? Introduce tit for tat tariffs....
Love it when a plan comes together...
which way is the wind blowing today cos gove says something different each time it changes o depending who he is talking to, someone who has met him on a few occasions told me thatMr Gove has promised tariffs on EU food imports to protect agriculture....
So the great unwashed dont get the cheap food promised by the ERG.....
Lets think what the EU might do? Introduce tit for tat tariffs....
Love it when a plan comes together...
Don’t get me wrong, the current system of subs and market access has lead us to be somewhat lazy in our promotion and marketing to our “internal UK market”, however the driver in the market is (as you point out) consumer demand, not idealism.
Shame we have such an open market economy. If we were Cuba or N Korea or the old Soviet then it would be a case of - your choice is UK lamb, or UK lamb, or UK lamb. Leg shoulder whatever, but UK lamb. We see it most with car manufacture. UK has been producing loads of cars - for export, while UK consumer likes German cars. And the arrangment of EU customs union and single market allows for that flexibility. But not now. Hey ho. such fun to watch
For the UK consumer to be satisfied it almost always has to come from overseas, they won't even eat UK fish FGS.
As I said before you are generalising about "Food".
The UK doesn't produce all kinds of "Food" .. that which the UK does produce will have tariffs placed on imports. This will increase local production which helps the environment and UK jobs.
All other foods which the UK does imports can have the EU tariffs reduced .. for example on Oranges, Bananas, Avocados etc.