UK and Japan agree historic free trade agreement

[Danllan]

Your getting The “trade value“ and “uk economic benefit” confused. They are not the same, and the website makes clear that whilst the deal is worth an extra 15 billion (thats joint benefit), the UK will benefit by 1.5 billion. It’s there in clear black and white.

Yet you were quoting trade as a whole earlier...

 

[Danllan]

Your getting The “trade value“ and “uk economic benefit” confused. They are not the same, and the website makes clear that whilst the deal is worth an extra 15 billion (thats joint benefit), the UK will benefit by 1.5 billion. It’s there in clear black and white.

I owe an apology, due to grass cutting fatigue and stupidity I hope... £1.5bns is correct.


But I note, embarrassingly, that leaves us both an order of magnitude away from what we each claimed...

 

[Farmer1001]

Yet you were quoting trade as a whole earlier...

Dan don’t make stuff up, you know full well I never quoted the 1.5 billion “As trade as a whole”. It’s the economic benefit to the Uk, which means Japan benefits by nearly 13 billion - that equates to a 90% trade deficit.... oh dear.

 

[yin ewe]

But weren't we told we'd be so much better off out of Europe and selling to the rest of the world?
They better not have been telling me lies after winning my trust!

We will never know whether we are better off for leaving, just as we will never know if we would have been better off staying in. I've said all along that the man in the street will see no difference. One less set of politicians is no bad thing though.

 

[M-J-G]

We will never know whether we are better off for leaving, just as we will never know if we would have been better off staying in. I've said all along that the man in the street will see no difference. One less set of politicians is no bad thing though.

Oh, what an anticlimactic result that would be after what we were told would be a wonderful thing.

All that fuss to result in us seeing no difference.

 

[arcobob]

A few weeks ago I posted that quite a few on here (and not just our Irish friend) would be quite happy to see their country suffer just so that they could say I told you so, I was told that wasn't the case but the amount of criticism of what can only be good news shows I got it right.

The same people have been prophets of doom ever since the run up to Brexit. They are very seldom right so best just to ignore them.

 

[Mek]

Estimates put the cost of Brexit to the British economy in the region of 200 billion pounds. A trade deal that benefits the British economy by 1.5 billion pounds can hardly be seen as a triumph for Brexit.

 

[yin ewe]

Estimates put the cost of Brexit to the British economy in the region of 200 billion pounds. A trade deal that benefits the British economy by 1.5 billion pounds can hardly be seen as a triumph for Brexit.

Sick and tired of hearing estimates and listening to experts which generally turn out to be wrong, nobody and I mean nobody has a clue what will happen next week let alone 2/5/10 years down the line. We are where we are, we simply have to get on with it.

 

[M-J-G]

Sick and tired of hearing estimates and listening to experts which generally turn out to be wrong, nobody and I mean nobody has a clue what will happen next week let alone 2/5/10 years down the line. We are where we are, we simply have to get on with it.

Hopefully the experts aren't wrong about this Japanese deal.

 

[M-J-G]

Anyone got an update on how the UK's big beef and lamb deal with China is going?

 

[Danllan]

Dan don’t make stuff up, you know full well I never quoted the 1.5 billion “As trade as a whole”. It’s the economic benefit to the Uk, which means Japan benefits by nearly 13 billion - that equates to a 90% trade deficit.... oh dear.

Not made up, genuine mistake. When I get something wrong I admit it as soon as I see it, get's embarrassing if one doesn't, what do you do?

 

[Mek]

Sick and tired of hearing estimates and listening to experts which generally turn out to be wrong, nobody and I mean nobody has a clue what will happen next week let alone 2/5/10 years down the line. We are where we are, we simply have to get on with it.

That’s an estimate of what it has already cost,not what it is going to cost in the 2/5/10 years down the line.

 

[yin ewe]

That’s an estimate of what it has already cost,not what it is going to cost in the 2/5/10 years down the line.

There we are again, estimates and predictions, give me some actual figures.

 

[Mek]

On figures as large as this no one can be exact. It’ll change from minute to minute.

 

[robs1]

On figures as large as this no one can be exact. It’ll change from minute to minute.

It's just a exaggerated guesstimate made up by remoaners. ie think of a number make up a number multiply them together and send it to the guardian and bbc , job done.

 

[Farmer1001]

So we all agree Brexit has cost the Uk so far, we just don’t know by how much and probably never will.

 

[Henarar]

Estimates put the cost of Brexit to the British economy in the region of 200 billion pounds. A trade deal that benefits the British economy by 1.5 billion pounds can hardly be seen as a triumph for Brexit.

that is fantastic news

 

[Henarar]

So we all agree Brexit has cost the Uk so far, we just don’t know by how much and probably never will.

yep
could you quote anyone who said it wouldn't cost

 

[Farmer1001]

Not made up, genuine mistake. When I get something wrong I admit it as soon as I see it, get's embarrassing if one doesn't, what do you do?

I always stand to be corrected, I’m not capable of forming conclusions of my own without research, my brothers say I’m a details person, now that’s not because I’m some sort of anorak, but because I have to research detail to enable a conclusion/decision to be made. I rely on good people I trust and a lot of research, its enabled me to stand on my own feet from a difficult start (expelled at 15 etc). But I’m not infallible, I make many mistakes but am always prepared to stand up and change my mind or admit a mistake. What I do avoid If at all possible is putting myself in a position of having to do a U turn, change my mind before I make a decision - yes, but making bad decisions of my own that then require a U turn down the road - no.

 

[manhill]

In the grand science of international trade, what's the difference between trading at a loss and having a trading deficit?