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Old 01-09-2016, 12:35 PM
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Quote:
Originally Posted by mik59 View Post
It remains a worry that so much of the talk is about trade and not about Article 50 which has nothing to do with any future trade deal. I hope May's government is actually looking hard at what they need to do on the long list of actual issues they'll need to grapple with, from next year. Time is running out.
That's because a significant number of the Cabinet are living on a fantasy island where people believe that bilateral trade deals can not only compensate for any losses from leaving the common market but actually these deals will surpass them in economic value. It isn't politically or economically credible at any level (and for good measure institutionally we can't do it either). That's what so worrying.

You'd have expected the government's economic policy to be looking at productivity, R&D, highlighting looking for areas where prospects for FDI have increased, looking for areas where the regulation could be changed etc. but the whole outlook is on trade.

As for Article 50, they are nowhere as they haven't agreed what they want the end point to be
1. Brexit mean Brexit - well a tautology
2. Britain needs a unique deal - there is no off the shelf deal
3. There will be controls on the number of people who want to come from the EU - and they accept that means leaving the common market
4. But there will be a positive outcome for people who trade with the EU in goods and services - which means we won't be fully leaving the common market

There is a trade off between economic well being and immigration. The government needs to understand where it sees that trade off, what sectors it will protect, and how it sees future relations with the EU. It is nowhere close
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