'Massive' post Brexit trade deal signed...

[ellal]

"The UK has signed a deal to join a trade pact with 11 Asia and Pacific nations, three years after it officially left the European Union.

Joining the group will boost UK exports by cutting tariffs on goods such as cheese, cars, chocolate, machinery, gin and whisky, the government said."

Linky Linky

So massive that it will be as mentioned, "the government's own estimates show being in the bloc will only add 0.08% to the size of the UK's economy."

The government said the agreement was the UK's "biggest trade deal since Brexit"

As opposed to the 4% drop in GDP because of not being in the largest trading bloc in the world!

 

[Odds]

That 0.08% 'boost' is about as much use as the 46p voucher i got from the supermarket this week.

 

[Bod ...]

That 0.08% 'boost' is about as much use as the 46p voucher i got from the supermarket this week.

We got 6 chicken nuggets free in McDonald's latest promotion.

 

[ellal]

That 0.08% 'boost' is about as much use as the 46p voucher i got from the supermarket this week.

Of course we'll no doubt get brexiteers claiming than 0.08% is bigger than 4%

 

[JP_]

0.08% of a large number is bigger than 4% of a small number.

 

[ellal]

0.08% of a large number is bigger than 4% of a small number.

Didn't take long did it...

Is there a brexit UK GDP figure as opposed to the real one?

If so the brexit UK GDP would have to equal the GDP of the whole world many times over

 

[martygturner]

That's 0.08% growth over ten years( they missed that bit out of the press release) or its about the same as the results from maxipump penis enlarger my wife bought me for christmas.

 

[Notch7]

I bet the CPTPP deal will be very profitable to a handful of disaster capitalists that pushed for brexit

for the people who voted for it, nah.

 

[Justin Passing]

More from Bloomberg​

EU Students and Temporary Workers Are Shunning UK After Brexit

UK Reliance on Overseas Workers Rose Since Brexit, Census Shows

 

[motorbiking]

Foreign High fee paying international students increased over 12%. So it sounds like the EU students gap isn't causing a deficit.

UK foreign enrolment takes another leap, driven by students from China, India, and Nigeria

Foreign enrolment in the UK increased by 12.4% in 2021/22 over the previous year – with 679,970 international students attending UK universities. The growth was driven entirely by students coming f

monitor.icef.com

 

[ellal]

A friend who works in Denmark tells me that he knows of several firms who have simply stopped trading with the UK...

Red tape and higher costs...

But they haven't lost business, since they have an easy opportunity to buy and sell elsewhere without those issues!

I also deal with a firework company up north.
Shipping container prices have dropped significantly, but his costs have increased.
Because instead of being delivered to felixstowe, the container ship goes to Rotterdam instead.
And he has to then bear the costs of said red tape...

So whilst costs (and hence inflation) are falling in the EU, they are rising in the UK...

 

[motorbiking]

UK Inflation is not rising.. and its predicted to be well below EU avg, by the end of the year.

 

[ellal]

Foreign High fee paying international students increased over 12%. So it sounds like the EU students gap isn't causing a deficit.

UK foreign enrolment takes another leap, driven by students from China, India, and Nigeria

Foreign enrolment in the UK increased by 12.4% in 2021/22 over the previous year – with 679,970 international students attending UK universities. The growth was driven entirely by students coming f

monitor.icef.com

So how many of these valuable students will be staying on in the UK after graduating?

After all they'll need visas, unlike the arrangement we used to have with the EU students...

And vice versa for UK students!

The reason for increased numbers is that brexiteers crashed the pound, and the education is now cheaper for them relatively...

EU students are increasingly giving the UK the finger, and who can blame them!

 

[motorbiking]

EU students are increasingly giving the UK the finger, and who can blame them!

They did that when we were members.

 

[ellal]

UK Inflation is not rising.. and its predicted to be well below EU avg, by the end of the year.

Not according to the UK government...

"It rose again, however, from 10.1% in January 2023 to 10.4% in February"

Predicted?

What happened to the previous 'predictions'?

And apparently (according to brexiteers), the EU needed us more than we needed them