Tag Archives: trade war

Our Mayfly prime minister’s #Brexit speech should get her squashed like the bloodsucking bug she is

Theresa May’s speech on Tuesday will set out her approach to Brexit and be keenly watched by ministers across the EU. Some of them may bring popcorn [Image: Hannah McKay/PA].

Theresa May seems determined to make as many mistakes as she possibly can.

If she continues with this bid to be one of the shortest-lasting prime ministers in UK history, we’ll be calling her Theresa Mayfly. In fact, let’s start now.

The gist of today’s (January 16) Guardian story appears to be that she is threatening the EU with the possibility that the UK will take its trade to the US, under a new agreement.

What, like the now-defunct Transatlantic Trade and Investment Partnership (TTIP)?

That project would have been an agreement between the US and the EU to cut the cost of trade – but the price would have been high.

The quality of goods would have been cut to the lowest common denominator – a considerable fall for products made in the EU, including the UK.

Working conditions would have been devalued, meaning workers in the UK would have lost many of their valued working rights. Mrs Mayfly is already working hard to strip you of those rights in any case.

And – crucially – the agreement would have given multinational companies the right to take national governments to court if any legislation they passed was likely to interfere with their profits. This would have sealed privatisation into the National Health Service, to name one obvious example.

TTIP was stopped because an international protest was launched against it, in which ordinary people came together across national borders to stand up for their rights, for the high quality of their goods, and for corporations to be put in their place.

It seems Mrs Mayfly is threatening to take those things away from UK citizens, despite the obvious and demonstrable public feeling.

If so, then the EU nations will laugh at her – and encourage her to continue.

Her threat will not harm them, you see. It will harm ordinary British people – like you.

It will give American corporations the opportunity to asset-strip the UK for anything worthwhile and leave a worthless husk in its place.

And it will give the EU nations opportunities they would not otherwise have had, if the UK did not enter into such a devastating deal.

If Theresa Mayfly makes this threat – and tries to follow up on it – she’ll have to go.

Theresa May will aim to strike a defiant tone in her upcoming Brexit speech on the risks to the rest of the EU of giving Britain a raw deal, echoing the combative approach taken by the chancellor.

In a speech by the prime minister on Tuesday that will be watched closely in EU capitals, Downing Street is keen to impress that there are potentially lucrative economic opportunities elsewhere, weeks before the UK is expected to trigger article 50.

There has been no decision about whether to publish a document setting out May’s approach to Brexit negotiations or let the prime minister’s speech stand as the plan, as she promised to MPs.

May is likely to emphasise Britain’s enthusiasm for pressing ahead with negotiating trade deals with countries including the US.

Source: Theresa May’s speech to warn EU of risk of giving UK a raw Brexit deal | Politics | The Guardian

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Seriously, Philip Hammond? You’d cripple our economy for some anti-EU sabre-rattling?

Philip Hammond told Welt am Sonntag: ‘We will change our model and we will come back, and be competitively engaged.’ Claptrap. [Image: Jane Barlow/PA].

Ye Gods. And this idiot is the Chancellor of the Exchequer.

Philip Hammond has threatened to launch a trade war against the European Union if he doesn’t get what he wants out of Brexit.

This is Tory arrogance and stupidity at its worst.

We have already seen what happens whenever Theresa May mentions the possibility of leaving the single market – the Pound plummets because investors lose confidence in it.

Some commentators are calling it “market correction”, which is as good a way of saying the UK economy has been over-valued as any I’ve seen.

And the EU constitutes half of the UK’s export market.

Jeremy Corbyn said he expected the majority of MPs in the House of Commons to be concerned about Mr Hammond’s idea, and no wonder: The UK would be crucified.

People didn’t vote for Brexit to be worse-off, but that is exactly what would happen if Mr Hammond has his way.

Demand for our goods would drop off, pushing people out of work. The “tax haven” status Mr Hammond wants to create means the state would not benefit – certainly not enough – from any trade that he was able to encourage.

It would be the end of the UK as a major international power and the beginning of a new dark age for its citizens. Mark my words.

The chancellor, Philip Hammond, has suggested Britain could transform its economic model into that of a corporate tax haven if the EU fails to provide it with an agreement on market access after Brexit.

In an interview with the German newspaper Welt am Sonntag, Hammond said that if Britain were closed off from European markets after leaving the EU, it would consider abandoning a European-style social model with European-style taxation and regulation systems, and “become something different”.

Source: Hammond threatens EU with aggressive tax changes after Brexit

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