LoM would think that he is perfectly balanced on a see-saw with his arse scraping the floor.Originally Posted by jon1959
Is that your best stab at presenting both sides of the political and financial argument?
The Amsterdam thing is an inevitable consequence of the type of Brexit this government chose. Other variants which would have respected the democratic will of the people would not inevitably led to the key financial services sector being outside EU financial passporting arrangements and money, jobs and the associated tax receipts fleeing to Paris, Dublin, Frankfurt and Amsterdam. The EU will play hardball on this, not fish is a real benefit of Brexit to that sector.
The government's own economists estimate a GDP loss of 5% over 15 years as a consequence of our withdrawal. The UK government strategic plan for a trade deal with the US anticipates a 0.16% maximum GDP gain in that time period from the stimulus of free trade with the world's largest economy. I haven't seen the estimates of the CPTPP because the government hasn't produced any. However the UK currently has free trade agreements with all of the 11 CPTPP member country except Malaysia, Brunei, Australia and New Zealand as they have rolled over every EU agreement negotiated with these countries. Not clear how much a dent that will make in the 4.84% gap!
https://www.independent.co.uk/news/u...-a9369611.html
https://www.instituteforgovernment.o...rs/trade-cptpp
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