TRADING PLACES…

Trading Places...
Trading Places...

TRADING PLACES

Still no news on whether the government has managed to strike a deal with the EU, which is especially important when it comes to keeping a large part of our trading arrangements.

At one time, the government were claiming that we were going to get a great deal with the USA, which would make up for the lost trade with the EU. Relations are no longer so warm (understandable given that they have Trump in charge) and the idea that we would get preferential treatment because of a "special relationship" has proved to be completely false.

When it started to look like the USA weren't going to come to our rescue, the government often then spoke about a new golden age of trading with China. Unfortunately, with the arguments over Hong Kong and suspicions about the Chinese trying to exercise undue influence by covert means, in now looks like that's off the table too.

To me, this shows that, when it comes to trade, you need to be in a big block like the EU. You can fall out with individual countries, but when you are member of the EU it really doesn't matter who the government or President is of another country, it's a trading block of 27 separate countries with rules in place to ensure freedom of movement, goods and services whatever way the political winds are blowing.

I know that there are many people who will have closed their minds on this issue and will say, we have had the referendum and that's the end of it.

Sadly, the situation we now find ourselves in is being outside the EU, with a worse deal than the one we had, or even no deal at all. Our bargaining position has been immensely weakened by virtue of our difficulties finding alternative trading partners, that would go anywhere near the customer base of 550 million we had on our doorstep.

Still, I accept that we will now have to suffer the consequences, to our trade, to jobs, to our economy, to our ability to invest in public services before enough people understand the scale of the mistake that leaving was.


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