timola
pfm Member
Laughable waffle in the trolling tradition. No points made or answered, not even the simple ones such as naming a single nation state outside the large blocks trading on better terms than the EU or how negotiation strength is helped by reducing your market size. Then comes the utterly crass "EU is neo-liberal and a drain on the UK's resources and wasteful".
Lets look at a few facts ....
There are over 400,000 civil servants in the UK, for a population of, say 65 million. That's about 1:167. Yet, in the EU, there are just under 50,000 civil servants for nearly half a billion people. That's 1:10,000. In other words, proportionately, the British Civil Service is nearly 60 times bigger than the EU civil service. A rather staggering amount - how are the social services, bin collections and pothole repairs doing for all that?
The ability of Liam Fox to strike any, never mind advantageous free-trade deals with other countries......
Fox's department has been touring the world for two years and not a single country has handed the UK a draft agreement and said 'this is what we will agree when you leave the EU' . The exception being Japan who has just agreed a comprehensive trade agreement with the EU but announced that outside the EU the UK's terms of trade would be less favourable.
The market reaction.
All this free trade, buccaneering Brits bollocks is a sham, the clue came when the EU made it clear the UK couldn't carry on taking advantage of EU trade agreements with the rest of the World after it left. Cue for mass panic in the Department for International Trade. That is why Sterling starting to slide and hasn't recovered. Forex economists had no involvement in 'Leave' or 'Remain' they are looking impartially at a WTO Brexit, assessing how much damage it will do to UK balance of trade and political stability, and marking it down accordingly. It's going to get worse, a lot worse. This isn't 'Project Fear' it's the real thing.
You say that negotiation strength is reduced by market size, I dissagree, the UK can deal more quickly and more precisely as it will only have to look at it's own strengths and weaknesses and not 27 other disparate countries.
Taking you facts at face value, the UK would need an extra 50,000 civil servants to match what the EU has, which on my rough calcualtions (50Kx£50K) is a cost of £2.5Bn to the UK, much lower than membership. Others here have better challenged you on this point anyway.
Your point about Fox's department is dissengenuous, there are countries looking to trade with the UK, you say Japan but even the EU will trade with the UK. 13.4% of UK trade is with the EU and this has been steadily declining and trade with the rest of the world is higher and rising and will hopefully be steadily improved.
https://fullfact.org/europe/uk-eu-trade/
The market reaction; the EU trade agreements with other countries may form the basis of the UK agreements but they also give us an opportunity to tailor them to mutual needs or strike new and better ones. Nobody can predict the markets, they are there to gamble and bet, especially the Forex markets. As the UK adapts to it's new trading conditions and offsets any losses from the 13.4% trade with the EU the markets will most likely respond. A good UK-USA deal may fix this at a single stroke (I concede I'm guessing here, but there are opporunities outside the EU, the EU is not the be all and end all you claim).
You may think your facts trump all other facts and that there is no life outside the magnificinet EU, but many out there agree with me, you may at least try and acknowldege this, as I do that you are more learned than me.