Basic rule of trade policy - if you want a deal with the US or EU you have to accept their terms. The privilege is tariff free access to their market. The cost is whatever they want it to be and you will pay.
No food, no NHS, no serious US trade deal.
The question 'what will it cost us?' is never asked in the UK in a Brexit or trade context. Always us, us, us, me, me, me. And while it isn't, no deal with EU or US. The glory of isolation because nobody else understands how important we are.
Still it's good to read that Number 10 has spotted the risk and is increasingly worried a US trade deal could be exploited by Labour. I only wrote this article 10 months ago...
prospectmagazine.co.uk/economics-and-…
For total lack of self awareness see also... the rest of the world sees Brexit as a retreat from the world, and a few warm words otherwise will not convince them otherwise
theguardian.com/politics/2019/…
Another way to think of trade negotiations with major powers who have protected markets when yours are quite open...
This Trump and UK thread by an MP I assume to generally be in favour of trade makes my own look terribly moderate...
I'll be honest, I didn't quite expect so much reaction to stating the fact that both the EU and US have tough demands in a trade agreement, and a country will have to sign up to many for a deal. The Brexit debate seems so insular so much of the time.
You can find the US negotiating mandate for a UK deal here - ustr.gov/sites/default/…. The EU doesn't publish quite in this form, but the TTIP mandate provides an indication of their asks - data.consilium.europa.eu/doc/document/S…. As for the UK objectives for either relationship...
If you are going to sign up to either or both US / EU trade deal you need to be very sure of your exact offensive and defensive interests. This is a process that takes some time, including plenty of at least semi-public debate. The process has barely started.
"All this negativity" as one reply went. Sure, if you want to live in the dream world where the UK gets everything we want and give nothing, it's negative. In the world in which our companies compete and trade the dreams are useless, and we need to up our game. /end
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