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Sam Lowe
@SamuelMarcLowe
, 3 tweets, 2 min read Read on Twitter
Interesting chart in BOE paper (h/t @DPManchee).

Paper suggests that asymmetric trade liberalisation of goods (lot) relative services (not so much) could explain why UK (and other net-services exporters) current account deficit bigger than should be.

bankofengland.co.uk/-/media/boe/fi…
I'm ... not sure. Need to think about this some more. Not convinced of causal link between current accounts and trade policy. Hmmmm.
Paper estimates that UK current account deficit would be 0.7% of GDP narrower if all countries reduced services trade barriers to the level of least restrictive country.
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Sam Lowe
@SamuelMarcLowe
Oh, go on then. First thing, it's an interesting piece. Being in a customs union certainly places constraints on an independent UK trade policy.

Questions are: how significant are the constraints? What is preferable from an economic perspective? What is preferable from a political perspective? What is the counterfactual wrt FTAs we could get that we couldn't otherwise.
The easiest to answer is the economics: there is no evidence to suggest that economic impact of being outside of a customs union with the EU can be offset by new trade agreements.

Politically, it's a judgement call - how valuable are new FTAs as trophies in a post-Brexit world?
Read 17 tweets
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Sam Lowe
@SamuelMarcLowe
1.What is a customs union?
2. What does a customs union do?
3. What does a customs union not do?
Read 6 tweets
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Sam Lowe
@SamuelMarcLowe
Something I feel that is overlooked in the Westminster debate is that Ireland doesn’t actually want to incorporate Northern Ireland.
(If there was a border poll and that’s the way it went, then of course they would accept it ... but Ireland is not actively seeking reunification as an outcome.)
I’ve upset a few republicans, sorry. I should have been clear I was talking about the Irish government, and the timing (ie don’t want it forced upon them right now as a result of Brexit). @MatthewOToole2 spells it out more articulately that I ever could:
Read 3 tweets

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literallyjustq
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A little thread, which I may come back to, for all those #technophobes who blame rise in #suicide on #socialmedia.

First: legit, what rise?
Second: The actual experts do not agree with you, and your fear-mongering is likely causing more harm than good.
cf. Thomas, K, and Gunnell, D. (2010). Suicide in England and Wales 1861–2007: a time-trends analysis. International Journal of Epidemiology, Volume 39, Issue 6, December 2010, Pages 1464–1475.
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#Chart #EXTRAVAGANZA

Please read the whole thread - will start posting now...but eating dinner so will take a while to get the 30 to 40 tweets done

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Given the two crashes in one year and the recent #FANG blow up...how much cash do you think Mutual Funds are holding? How about the lowest ever!

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001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
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Top trade partners as of 30 June 2018:
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@PsychRabble
Start of retweeted thread on implicit bias.
For lay followers: "implicit bias" is routinely presented or interpreted as evidence of prejudice & discrimination. ow.ly/Knw530fywwR
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