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UK strikes "catastrophic" trade deal with NZ


The Silver Shroud
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Johnson has delivered another devastating blow to the UK's economy, carrying out the only promise he as ever kept, which was "**** business":

NFU President Minette Batters said: “The announcement of this trade deal with New Zealand, coupled with the Australia deal signed earlier this year, means we will be opening our doors to significant extra volumes of imported food – whether or not produced to our own high standards – while securing almost nothing in return for UK farmers. We should all be worried that there could be a huge downside to these deals, especially for sectors such as dairy, red meat and horticulture.

“Instead of repeating the refrain that these deals will be good for British agriculture, our government now needs to explain how these deals will tangibly benefit farming, the future of food production and the high standards that go along with it on these shores,” she said.

In the aftermath of the Australian deal’s announcement, Labour’s shadow trade secretary Emily Thornberry said the then trade secretary Liz Truss had thrown British farmers “to the wolves”.

UK secures trade deal with New Zealand | The Independent

The deal may boost New Zealand’s GDP by $970m or around 0.3%. However, last year’s analysis by the UK government found that its effect on Britain’s GDP would probably have “limited effect … in the long run” – being between a positive growth of 0.01% or negative growth of -0.01%.

Boris Johnson said: “This is great trade deal for the United Kingdom, cementing our long friendship with New Zealand and furthering our ties with the Indo-Pacific. It will benefit businesses and consumers across the country, cutting costs for exporters and opening up access for our workers.”

UK strikes trade deal with New Zealand – but it may add nothing to GDP | International trade | The Guardian

Edited by The Silver Shroud
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when you need a Trade Deal more than a trade deal. 

Boris Tories destroying UKs future. 

You have to wonder what their bottom line is - it can't be just to be seen to signing trade deals with zero benefits and high risks to  UK farming, can it?

Edited by RAyMO
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The Guardian & Independent.:D

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2 hours ago, itsnotoutthere said:

The Guardian & Independent.:D

NFU responds to UK-New Zealand trade deal

Farming UK

New Zealand trade deal sparks fury from concerned UK farmers 'Extremely unfair!'

Tory Express

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5 hours ago, The Silver Shroud said:

 

The deal may boost New Zealand’s GDP by $970m or around 0.3%. However, last year’s analysis by the UK government found that its effect on Britain’s GDP would probably have “limited effect … in the long run” – being between a positive growth of 0.01% or negative growth of -0.01%.

Boris Johnson said: “This is great trade deal for the United Kingdom, cementing our long friendship with New Zealand and furthering our ties with the Indo-Pacific. It will benefit businesses and consumers across the country, cutting costs for exporters and opening up access for our workers.”

UK strikes trade deal with New Zealand – but it may add nothing to GDP | International trade | The Guardian

Johnson has completely lost touch with reality, hasn't he?

Still, the Times promises we have the Festival of Brexit to look forward to next year.‘Festival of Brexit’ unboxes its big ideas | News | The Times (archive.md)

Edited by The Silver Shroud
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Edited by The Silver Shroud
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Usual suspects saying free trade amongst friends is not a good idea long term. Probably because the prediction was there would be no free trade deal's ;)

These would be the same sort of folks who were completely unfazed when NZ trade was dumped as the UK joined the common market in 73.

 

 

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1 hour ago, L.A.T.1961 said:

Usual suspects saying free trade amongst friends is not a good idea long term. Probably because the prediction was there would be no free trade deal's ;)

These would be the same sort of folks who were completely unfazed when NZ trade was dumped as the UK joined the common market in 73.

 

 

free trade amongst friends is not a good idea long term.- that is what we had and walked away from in January.

NZ trade was dumped as the UK joined the common market in 73.-we very sensibly joined the Single Market in our own continent, and prospered mightily.

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2 minutes ago, The Silver Shroud said:

free trade amongst friends is not a good idea long term.- that is what we had and walked away from in January.

NZ trade was dumped as the UK joined the common market in 73.-we very sensibly joined the Single Market in our own continent, and prospered mightily.

It was not a free trade deal it was a paid for trade deal. Remember the membership costs that the UK did not incur when trading with NZ, or OZ. 

It would also be interesting to see a break down of the extra prosperity that membership gave the UK. I have only ever seen optimistic assessments, for example no war in Europe saved the UK a large some of money. :rolleyes:

When the value of membership to the UK has to include such items as Peace in Europe then it's obvious something is being spun by EU supporters.

The block should give a clear financial advantage and there is non, just extra invented costs if not in;)

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1 hour ago, L.A.T.1961 said:

It was not a free trade deal it was a paid for trade deal. Remember the membership costs that the UK did not incur when trading with NZ, or OZ. 

It would also be interesting to see a break down of the extra prosperity that membership gave the UK. I have only ever seen optimistic assessments, for example no war in Europe saved the UK a large some of money. :rolleyes:

When the value of membership to the UK has to include such items as Peace in Europe then it's obvious something is being spun by EU supporters.

The block should give a clear financial advantage and there is non, just extra invented costs if not in;)

Many of the benefits which the EU offers its member states the UK refused to draw down because they circumvented central government control of regional finances. Britain deliberately chose to get the least benefit they could out of their contibutions to the EU and instead insisted on rebates.

Br Cornelius

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Personnaly I think this is a good thing. UK farmers will need to work out how to do things cheaper than they were for things and if that means throwing a lever arch file of regulation in the bin then good.

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9 minutes ago, ethereal_scout said:

Personnaly I think this is a good thing. UK farmers will need to work out how to do things cheaper than they were for things and if that means throwing a lever arch file of regulation in the bin then good.

Which guarantees that their main export market (the EU) is gone. The fishermen are already finding out how good that is.

 

Br Cornelius

Edited by Br Cornelius
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4 hours ago, ethereal_scout said:

Personnaly I think this is a good thing. UK farmers will need to work out how to do things cheaper than they were for things and if that means throwing a lever arch file of regulation in the bin then good.

My family would agree. I grew up in a very poor small-holding family and they hated rich farmers. The big landowners could get loans for huge agricultural machines and to develop their land. My mother hated CAP because it made large landowners richer. She voted Brexit out of spite. She wanted to see UK farmers go broke.

Edited by The Silver Shroud
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