Jun 2022
10:32am, 13 Jun 2022
27,457 posts
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Johnny Blaze
9 levels (Brexit happened on January 31 It adds that there is “little sign to date” of UK goods exports to non-EU countries making up for lower exports to the EU. The OBR report goes on: “Comparing our recent overall trade performance with other advanced economies suggests that the UK saw a similar collapse in exports as other countries at the start of the pandemic but has since missed out on much of the recovery in global trade.” Cited as evidence for this statement is a report from John Springford, the deputy director of the Centre for European Reform in London. Entitled “The Cost of Brexit: December 2021”, the report found a weak overall UK goods export performance compared to if the UK had stayed in the EU. The OBR report continues: “UK and aggregate advanced economy goods export volumes fell by around 20 per cent during the initial wave of the pandemic in 2020. But by the fourth quarter of 2021 total advanced economy trade volumes had rebounded to 3 per cent above their pre-pandemic levels while UK exports remain around 12 per cent below. “The UK therefore appears to have become a less trade intensive economy, with trade as a share of GDP falling 12 per cent since 2019, two and a half times more than in any other G7 country.” The report says that “Brexit-related effects” are likely to include the fact that the UK is a relatively small market for individual EU exporters, “so it may not be worth” the cost of continuing to export to the UK. The New £28 per Month Private Medical Insurance That's Sweeping the UK The New £28 per Month Private Medical Insurance That's Sweeping the UK sponsored - Save Money Market Insurance Quotes The New £21 per Month Private Medical Insurance That's Sweeping the UK The New £21 per Month Private Medical Insurance That's Sweeping the UK sponsored - Health Window - Private Medical Insurance The OBR cites a survey of German firms which found that 17 per cent of them had ceased importing goods to the UK post-Brexit “at least temporarily". Elsewhere, it found that imports from the EU had fallen by a larger percentage than exports to the EU. It states: “In the fourth quarter of 2021, goods imports from the EU were down 18 per cent on 2019 levels, double the 9 per cent fall in goods exports to the EU.” It goes on: “While additional trade with other countries could offset some of the decline in trade with the EU, none of the agreements concluded to date are of a sufficient scale to have a material impact on our forecast. “The Government’s own estimate of the economic impact of the free-trade agreement with Australia, the first to be concluded with a country that does not have a similar arrangement with the EU, is that it would raise total UK exports by 0.4 per cent, imports by 0.4 per cent and the level of GDP by only 0.1 per cent over 15 years.” In reference to the New Zealand trade deal, the OBR said any economic impacts are likely to be “negligible” in the next five years, adding that the Government’s own data estimated a rise “of real GDP in 2035 by between 0.023 and 0.034 per cent” as a result of the agreement. |
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Jun 2022
10:33am, 13 Jun 2022
27,458 posts
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Johnny Blaze
That worked well.
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Jun 2022
10:41am, 13 Jun 2022
12,709 posts
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jda
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Jun 2022
10:41am, 13 Jun 2022
12,710 posts
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jda
But we have blue passports, so....
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Jun 2022
10:45am, 13 Jun 2022
30 posts
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EuanB
But we have blue passports, so.... I'm sure that the passport I had that predated the purple ones was black. If it was blue, it was a very dark shade of blue. |
Jun 2022
10:49am, 13 Jun 2022
4,968 posts
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Fields
So jdawayinamanger - the conclusion to draw from that graph is that the UK should invade Yemen and start up a new golf tournament?
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Jun 2022
10:52am, 13 Jun 2022
12,711 posts
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jda
That or undo Brexit. Our choice.
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Jun 2022
10:52am, 13 Jun 2022
1,218 posts
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paulcook
The cheek in me thought something very similar.
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Jun 2022
11:02am, 13 Jun 2022
1,105 posts
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fuzzyduck79
Some good news for once: theguardian.com judiciary.uk Arron Banks @Arron_banks The judge felt sorry for Carole is how I would sum it up. Defamatory but no serious harm. I suppose falsely accusing someone of taking Russian money for Brexit doesn’t cut the ice. It’s likely I will appeal .. |
Jun 2022
11:34am, 13 Jun 2022
21,715 posts
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ChrisHB
I'm in a similar position to DeeGee's mum. The rules for EU citizens take a fraction of the space the rules for me require.
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