Adam Posen, president of Peterson Institute for International Economics, discusses the possibility of the Brexit draft deal passing through the UK parliament.
UK benefits enormously from being in the EU, analyst says | Capital Connection
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If you mean big corporations, that’s right otherwise you are a big liar
Which translate into jobs and higher pays stupid.
The 🇬🇧 has buyers remorse but much of that is due to Tory bungling.
It would be a disaster for the EU if Britain came back via a referendum. The UK needs to spent some time outside and then get back in when they’re convinced
@Dick Hamilton Em… Sweden are not a new applicant. The UK would be.
Sweden was a new applicant when they joined, mate. They joined much later than most. There were no special exemptions or deals made for Sweden. They just said ‘we are not in principle against the Euro project [thus satisfying a requirement for entry to the EU], but we won’t join the Eurozone… yet’. Everybody, the Germans especially, knows that the simple _declaration_ of one currency without a serious look at how ‘convergence’ is to be acheived or how one demonstrates that convergence _has_ been acheived, has proved to be unworkable and insufficient (as they were warned at the time by many economists).
We would only be a ‘new’ applicant if we were to reapply for entry after we have completed leaving, which we haven’t, yet.
@Dick Hamilton Ok, believe what you want. Sweden joined in 1995. The Euro came into being in 2002. The rules are clear. Of course there can always be exceptions if agreed by the member states but the UK would have no leverage if they left and then sought to rejoin.
Even more: the UK can´t come back just because it wants. Nobody wants USA´s Trojan horse in our institutions, and every EU country has a rigth to veto. Of course the UK would have to enter without any of its old privileges and opt outs and probably adopt the euro from day 1. They will come begging for membership, but it will be complete and utter humiliation and after at least a generation.
@Dick Hamilton”At some point in the future” my ass. Nobody trust the UK anymore and if they want to join the club again they will do it without any privileges and opt outs, including adopting the euro from day 1.
I am not for BREXIT but I believe we will break the UK even further with a 2nd REF. We need to limit the damage thus far and try and ask (or beg) for a more equable deal.
Why should we beg them?? We are the uk!! We’ve been their cash cow too long and thry treat us like shit. I’d blow it up but seems it’s falling assunder anyway.
you’re a dumb fucker, squizza. Cash cow? we’ve got far more out of being in the EU than we have paid, and more than they have got out of it. Thatcher destroyed most of our industry, not ‘the EU’, and we have been kept alive since only because we took the money that the City earned by being the EU’s financial centre, and secondarily because the EU supplied a market for the few things we still produced. How do you think they treat you like shit? Your very own Government in London treated you like shit, and you STILL vote for the same people.
@squizza28 “We are the uk!! We’ve been their cash cow too long and thry treat us like shit. I’d blow it up but seems it’s falling assunder anyway.” – want to reconsider? Or call someone? lol
@squizza28 Enjoy Brexit, my poor clueless boy.
If the UK government doesn’t agree on a second referendum then the only wise approach would be to go for a hard brexit and then rapidly change the structure of their economy from top to bottom. They would need to take unpopular measures like privatizing the NHS, dismantling the welfare system and shifting towards manufacturing industry and most important of all is to make the county, to some extent, a tax heaven as quickly as possible.
sgs1402 yep which ironically is exactly what will hurt the a-typical Brexit voter and incidentally provide great profits for Jacob Rees Mogg…. delivered on empire sentiments … what a great coup for the rich elite!
K. IJsvogel most, if not all of the EU has far greater wellgare systems then the UK…!!
@Jacob White I agree. unfortunately, many people only learn it the hard way.
@skyblaze eterno maybe so but not many choices will be available for any UK government to sustain the economy growth after a no deal brexit
No you wouldn’t get manufacturer back into the UK.
All manufacturers in Britain is going to leave over the next 2-3 years.
Regardless of what agreement UK will or will not end up with.
The moment UK voted Brexit there were red danger signs on all CEO’s in the industry. Then let’s take the absolute disaster of epic proportions on the way UK have been acting over the last 3 years.
They have to move. Because they also sell some of those cars to Canada, Mexico under EU trade deals. That means if they stay they can’t export those products under rules of origin.
What a vile individual, “I think a second referendum would be the best idea..” Yes I’m sure you would Adam Posner, well you & your globalist chums are destroying democracy globaly….
Fortunately we, the scummy working-class are paying more attention & will mobilise, trust me….
G ELGAR. Are you already unemployed ? You benefits will not rise with Brexit
he’s not vile, he’s just realistic, because he knows where the world is now, and where it’s going. You don’t know what globalism is, son. It’s a central part of neoliberal economics. And what is neoliberal economics? the economics of FA Hayek, advisor to and mentor of Margaret Thatcher, the economics that had already been tried (and rejected) in South America, that tried again and took over the western world after starting again with Thatcher, and then took over the US, and then Europe’s Conservatives and then the Labour Party under Blair and then all the european ‘Left’ and social democrat parties. The economics you very likely voted for more of, especially if you or your parents bought your council house for a song. It’s not global trade or even global business you should be afraid of – it’s global money, and global finance. And NONE of you know it even exists or what it has done and is still doing. It wasn’t Europe or ‘globalists’ that was your enemy, thicko, it was the right wing of the Tory party all along – the people you are STILL supporting.
This guy is a partisan hack
Please disprove him with your factual information that confirms your theory that he is partisan.!
Even if you lived 5 lifetimes, you would not have his education, economic experience much less the respect he demands from serious international economists
I think it’s to late to stay now, if we had a new vote or
not, if we were to stay, all it would do would be to extend the big companies
that are in the UK as much time as they need to bring their kit out with the
least expense and inconvenience, they wouldn’t invest in the UK and we wouldn’t
be able to create our own deals with the rest of the world and we would go downhill.
I’m not saying they definitely do this but as an employer myself I would definitely
think about it, If you have done it once you’re more likely to do it again, ask any insurance company.
@RT09 Brexit it works for me, maybe your just a handout kinda person that’s all we were to the EU, it just goes to show the EU needs the UK more than the UK needs the EU, next year our contract with the EU ends,
@Freddy Cook Delusional af. The “they need us more than we need them” mantra is ageing like milk (and we’re just 8 months into Brexit). Thank you for the laughs though.
@RT09 keep up with the handouts nothing like a freeride in life
@Freddy Cook Enjoy Brexit!
@RT09 I do like Europe. I just don’t like the EU, just as I like china. I just don’t like the CCP can you see the connection
You are talking bullshit Out means out
So the UK benefits enormously being in the EU, we have run a deficit trade with the EU running in to billion for decades and pay the
second largest contribution in to Brussels for the privilege also paid £35 billion in to ECB to save the Euro cashing and loosing its
credit rating, £1.2 billion into Galileo and now promising £39 billion on leaving, therefore Mr Analyst expert tell us what the UK has
benefited being in the EU.
I can’t believe that you are so naive to not understand the indirect benefit (a multiple, and a big one, too) of being in the EU and factor this number into the equation. Apart from any other than fiscal arguments, do not even get me started there. But given that you also make nonsensical statements like “the UK has a trade deficit versus the EU” when you are, respecitvely were, a MAJOR part of the EU and heavily influenced all of its decisions – it might be a real case of intellectual lack on your end.
@thephidias Yet another intellectual one who is unable to answer the simply question of the benefits of UK being a member
of the EU but gives a nonsensical statement that we were a MAJOR part of the EU and heavily influenced in its decisions, do
you not understand how vote to leave came about, PM Cameron went to Brussels to seek amendments only to be kicked out of the door, (Major influence i don’t think so) like most vetoes thrown out by the Commission, and our only heavy influence is our money. I agree it is a case of intellectual lack, but on your part. Which country are you from and what is its fiscal position as a member of the EU, or is that also a hard question for you to answer.
@Dennis Randall You deny the UK was a major part of the EU and greatly influenced its political decisions? You clearly have not even the slightest idea about the history of the EU and its development. You also do not understand that you cannot have a trade deficit “with the EU” as long as you are part of the EU. At least use the correct terms and expressions! Fine. Get out. No questions asked – most other EU countries are very, very annoyed by now anyway and wish to see you go. According to your reasoning, British politicians were too stupid to gain influence over 40 years in the EU – where they had the best deal of all members, the only one with rebates and additional exemptions. Very good luck in letting those spoiled and deluded politicians try and strike deals with the Chinese, Japan, Russia or the US. Boy, you will huff and puff to move at their speed. They will outwit you and dismantle everything that is left of British manufacturing and industry. I have no problem answering where I am from – as I truly have family on five different continents – plus NZ, if you count that. I do also have family in the UK (same neighborhood as Cameron, the fool, who inflicted the whole idiotic referendum on the British people, incidentally). I am actually quite fond of the UK. At least I used to be. My family in the UK all have dual or even triple citizenships and can relocate, if necessary. Not that they needed to, they are rich enough and will not be among those affected by Brexit (although they have relocated most of their financial assets elsewhere. Two years ago). I consider myself lucky to hold just one EU passport, am married to a partner with dual citizenship of two different EU member countries, speak four of the major European languages, I am blessed to have enjoyed a proper academic education and to have easy access to 27 EU member countries. Were I in the same situation with a British passport, I would feel cheated now.
@Dennis Randall I forgot about the fiscal position you asked me. Well, more per capita than the UK – and very glad to pay those pennies. They are very well invested. The UK, per capita, pay about as much as – Italy. Go figure. And get your facts straight.
Abuelo, la pastilla.
Thr eu benefits enormously far more. Ie, free access to our markets – we have to pay huge sums to them for our exports, we’re effectively run by them, they can access far better healthcare, social security than other way round, etc. Biggest of all,we cant do our own trade deals. Ridiculous. Out with no deal is way to go.
Dude, “far better healthcare” – one year later and – – – uupps, up shite creek you are!
Nene, se te ha caído la media neurona que te quedaba. Enjoy Brexit!
Why is all of Great Britain assuming that “No Deal” is leaving, instead of staying? When I try to sell you my car, and I don’t like your conditions, I say “No deal is better than a bad deal” and take my car and leave the table. When in the context of the saying applied to Brexit, the “no deal” should be staying because of the lack of a good deal in exchange of leaving.
Leaving is choosing a deal: becoming, for all practical purposes, a non-European country, getting the WTO generic deal with every country on Earth (that is, the deal that is a bit better than being tariffed out of every country’s economy), closing the doors for every British subject who wants to work in Europe, and wait for a decade or so to see if someone wants to sign a new treaty, most probably with a debilitated UK.
“I think the biggest problem we have, to be very frank is what I call the nationalisation of success and the europeanisation of failure.”
we were never in the EU still aren,t Ted Heath took us in without a vote , and in violation of our bill of rights 1689 act, so I don,t know why we,re in all this mess, ALLmAY HAS TO DO IS TELL THEM OUR MEMBERSHIP IS ILLEGAL apologise and tell them sorry no £39bILLION, BUT COUNT your blessings and THE AMOUNT they got out of non members
Brexit is a dumb racist project.
The EU makes a million regulations on everything which stifles entrepreneurship. Every country that has joined the EU has experienced much lower growth rates and high levels of youth unemployment.
Hahahaha, clueless.
UK is too snooty to benefit from cooperation.
A beautiful World War is the Brits’ thing.
brexit has taken the world back to 1902 – johnson wants world war one and world war two