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Interim EU trade deal to hit UK services hard

Diplomatic momentum is growing in Brussels for an interim trade deal with the U.K. that sets no tariffs on manufactured goods and food but restricts British services such as aviation and finance.

In public, the remaining 27 EU countries insist they will keep trade talks with the U.K. off the agenda until they have finalized the core elements of the divorce settlement: citizens’ rights and Britain’s multi-billion euro departure bill. Behind the scenes, however, EU trade attachés are already liaising at an informal level on how the EU27 can leverage their superior economic muscle in trade talks.

Trade diplomats from four EU27 countries said the idea gaining most traction in early discussions was a transitional deal with the U.K. in which the two parties would pay zero tariffs on each other’s goods. This would take effect immediately after Britain leaves the block in March 2019 as a prelude to a full free-trade agreement, which would probably take many more years to negotiate. Two of the diplomats said the team of European Commission Brexit negotiator Michel Barnier had floated the idea.

A zero-tariff deal on goods has immediate attractions for the U.K. but it is no silver bullet because other regulatory barriers such as compliance paperwork could be severe. Cars from Japanese factories in Britain, for example, could still face trade restrictions because of EU demands about “rules of origin.” Brussels would be likely to argue that not enough of the parts and technology used to build the vehicles qualify as British. This means car exports from the U.K. would not necessarily enjoy the same free access they had while Britain was a full member of the EU customs union.

The omission of services raises even bigger problems for London: Companies from banks and insurers to budget airlines like easyJet and Ryanair could find themselves shouldered out of the all-important EU market.

One trade attaché said a transitional tariffs-only trade accord would avoid “falling off the cliff-edge” but the U.K. would still be notably “worse off” because of the blow to its service sector and other regulatory challenges. The diplomats added that the zero tariff offer was unlikely to be possible if the initial divorce talks failed to reach a settlement.
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http://www.politico.eu/article/eu-sketches-out-interim-uk-trade-deal-that-hits-services-hard/
http://www.politico.eu/article/eu-sketches-out-interim-uk-trade-deal-that-hits-services-hard/
Ouch. :nervous:
 
Unmutual said:
We're going to get a crappy deal, that much is obvious. Im more interested to know who the Brextremists will blame. Because they won't blame themselves, that's for sure.
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1. The vile EU for not acting like the proper subservient foreigners they're supposed to be
2. 'Remoaners' for not securing the country the incredible deal we were never going to get
3. Nicola Sturgeon and Scotland
 
@carvajal When Britain invades, you can come to Lisbon, i´ll gladly help out.
 
Unmutual said:
We're going to get a crappy deal, that much is obvious. Im more interested to know who the Brextremists will blame. Because they won't blame themselves, that's for sure.
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I don't know about Brextremists but as a Remainer I place the greatest blame on Cameron, most of the Conservative party, and anyone who voted Conservative at the last general election.
 
Ultimate Grib said:
So you're a 52 year old manchild who aspires to go back to the good old days of Maggie T where racism, sexism and peadophilia among other things were ok as long as they were covered up nice and tight and swept under the carpet and none of those pesky 4N Poles were stealing your job all the while your 20 tea breaks and strike days off work were protected by your union. Got it.
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:lol:
 
712 said:
I don't know about Brextremists but as a Remainer I place the greatest blame on Cameron, most of the Conservative party, and anyone who voted Conservative at the last general election.
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That'd be Marching then, there must be others on here that voted tory & remain
 
At least the Gibraltar problem diverts attention away from the Irish Border question.

As everyone is now happy and united under May's dictatorial plan, as long as no-one disagrees everything will be fine.

Haven't checked the latest odds but guess 4/5 Civil war 6/4 War with Spain 3/1 War with Ireland 100/1 War of the Roses
 
712 said:
I don't know about Brextremists but as a Remainer I place the greatest blame on Cameron, most of the Conservative party, and anyone who voted Conservative at the last general election.
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Its the old labour voting racists up north who switched to ukip who should be blamed for this.

Stanley Road said:
All we are saying, is give war a chance
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Seeing the position of that comma, you are unlikely to win any war so lay off it. :D
 
712 said:
I don't know about Brextremists but as a Remainer I place the greatest blame on Cameron, most of the Conservative party, and anyone who voted Conservative at the last general election.
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Definitely Cameron, worst PM of my lifetime.
 
AshfordLad said:
Its the old labour voting racists up north who switched to ukip who should be blamed for this.
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It was Tory Cameron that put the referendum in his manifesto, and Tory voters who voted him in power to enact it. Vote Leave was mostly Tory: Johnson, Gove, Fox et al. A huge section of the Tory party, if not the majority, have always been against the EU. Most Labour voters went Remain.
You asked the question who's to blame, there's no wriggling out of the answer now because it doesn't suit. This was a Tory cock-up.
 
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Stanley Road said:
That'd be Marching then, there must be others on here that voted tory & remain
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Yo,

I also blame big Dave but feck me the remain campaign was shite it nearly had me voting out, piss poor.
 
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Paul the Wolf said:
Probably confident Leave vote wouldn't win , discounting "loyalty" vote, remember even Farage didn't think he'd win the night before
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Stll, if they are unhappy at the outcome then they need to have a good look at themselves im afraid.

What farage thought is neither here nor there, i didnt think uk would vote to leave either.
 
AshfordLad said:
Sure a 23% minority among leave voters. But 100% of them voted for that odious cnut who has already run off from the bonfire.
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You're talking about Cameron? I don't understand the context.
I'm asking why the Labour 37% is the most to blame for the result, not the Tory 58% or the Lib Dem 30% or SNP 36% (who are presumably voting out of pure intentions and not racism)?
 
Paul the Wolf said:
All the people I know in the UK , friends and family , not one Tory voter voted Leave and not one Labour voter voted Remain
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Kentonio said:
All the old school Labour people I know voted Leave and the young Labour people voted Remain. Tories probably 50-50.
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http://www.independent.co.uk/news/u...ain-how-brexit-won-eu-explained-a7101676.html

A bit unreliable but 58% Tories voted leave while only 37% labour voters voted leave. So its the Cornish taking the wee.
 
berbatrick said:
You're talking about Cameron? I don't understand the context.
I'm asking why the Labour 37% is the most to blame for the result, not the Tory 58% or the Lib Dem 30% or SNP 36% (who are presumably voting out of pure intentions and not racism)?
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Read my post carefully. I meant the labour voters who went ukip in the general election.

That huge ukip vote seems to have given Cameron a nosebleed that led to the referendum.
 
Mozza said:
Low rate tax payers spend almost all the money they make, I suggest they have as big an effect economically as high rate tax payers, cash flow
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That sounds like wishful thinking to me. Someone earning £16500 might spend all their money but the lowest top rate tax payer earns £45000, at best they will be saving £10k of that and spending the rest. The savings will generally be invested in financial instruments that generate tax receipts and will also go in pensions that will ease the burden to the state when that earner is older. Generally people that are in the top rate bracket will add more value to the economy through their 'talent' as well.
 
AshfordLad said:
Read my post carefully. I meant the labour voters who went ukip in the general election.

That huge ukip vote seems to have given Cameron a nosebleed that led to the referendum.
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Ah, that makes more sense, though the referendum was a manifesto promise and thus before the 2015 election. I'm trying to find the breakdown of UKIP voters by party but I remember that too was about 50-50 ex-Conservative/Labour voters that they won.

Edit: unless you're referring to local election between 2010 and 15, in which case I have no idea at all.
 
Paul the Wolf said:
Yes but how many Labour voters voted Tory in 2015 other than floaters, the same argument
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Well i would have voted for cameron just for the referendum, i said so on here at the time. So i dont buy the 'who'd have thought' mentality.

I dont jump out of planes with a parachute as there is a chance i might die.
 
Classical Mechanic said:
That sounds like wishful thinking to me. Someone earning £16500 might spend all their money but the lowest top rate tax payer earns £45000, at best they will be saving £10k of that and spending the rest. The savings will generally be invested in financial instruments that generate tax receipts and will also go in pensions that will ease the burden to the state when that earner is older. Generally people that are in the top rate bracket will add more value to the economy through their 'talent' as well.
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Not at all. The billionaires in the world have more money than the billions of people, buts it's the latter's spending in that greases the wheels. Logic
 
Stanley Road said:
Well i would have voted for cameron just for the referendum, i said so on here at the time. So i dont buy the 'who'd have thought' mentality.

I dont jump out of planes with a parachute as there is a chance i might die.
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So if you were living in the UK you would have voted Tory in 2015 just for the referendum, but at the time the chances of a brexit were minimal and you were in fact voting for a Tory government for another 5 years, yeah right, I bet millions of others did as well...............not
 
Mozza said:
Not at all. The billionaires in the world have more money than the billions of people, buts it's the latter's spending in that greases the wheels. Logic
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I was arguing for an open door immigration policy for immigrants with job offers that will put them in the top tax bracket. Beyond that the future immigration policy should be pragmatic.
 
Paul the Wolf said:
So if you were living in the UK you would have voted Tory in 2015 just for the referendum, but at the time the chances of a brexit were minimal and you were in fact voting for a Tory government for another 5 years, yeah right, I bet millions of others did as well...............not
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Yes. Just for the referendum.

Youd be surprised how many people vote on one issue.
 
Classical Mechanic said:
I was arguing for an open door immigration policy for immigrants with job offers that will put them in the top tax bracket. Beyond that the future immigration policy should be pragmatic.
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Not that many nurses in the top tax bracket. Not many Dr's start on a salary at that range either. Nor many Engineers.

So people on modest incomes will have to go through the expense and time of applying for a UK Visa. I take it from personal experience that the UK visa system is a mess.
 
Mozza said:
Not that many nurses in the top tax bracket. Not many Dr's start on a salary at that range either. Nor many Engineers.

So people on modest incomes will have to go through the expense and time of applying for a UK Visa. I take it from personal experience that the UK visa system is a mess.
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No. If we needs nurses or whatever they will fast tracked i.e. pragmatism.
 
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