LEADING THE WAY OUT OF THE EU

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Wednesday 19 December 

Despite unfounded fear-mongering over a possible “No Deal” Brexit, business remains booming across the United Kingdom. President Donald Trump has assured the UK we are “first in line” for a trade deal with the US, but has expressed concerns over whether that will be possible under Theresa May’s woeful withdrawal deal. Businesses across Britain have begun preparations for a No Deal Brexit, which could hail the next exciting chapter for the British economy. 

Forbes – The Best countries for business in 2019: UK on top

For the second year in a row, the United Kingdom has been ranked the number one place to do business in the world by Forbes. The U.K. is the only country to land among the top 30 (out of 161 countries ranked) on all 15 metrics used to rate the countries.

Reuters UK rakes in record 75 billion pounds in City taxes amid Brexit warnings

The total tax haul in the year to the end of March was up 4 percent on the previous year’s 72.1 billion pounds. A healthy increase and a sure-sign business is booming across the United Kingdom.

BBC Wage rises accelerate to fastest pace since 2008

“Despite Brexit” the economy looks in healthier shape than it has done in a decade. The number of people in work rose by 79,000 to 32.48 million, a record high. Earnings also continue to rise at a rate faster than inflation. Job vacancies have risen to 848,000, also a record high. “Today’s statistics show the enduring strength of our jobs market,” said employment Minister Alok Sharma. Further to this, the Telegraph report wages for temporary workers has risen at the fastest rate in eleven years.  

The Telegraph Donald Trump offered Theresa May trade deal four months ago

The Telegraph reports Donald Trump offered Theresa May a trade deal with the United States, Britain’s biggest single trading partner, “on a plate”, but the President was told the UK was “not ready”. Trump urged the PM to be “brutal” and “tough” during negotiations with the EU, a shame she didn’t take heed.  

A former UK trade chief says  Trump is speaking the “truth” when he says the current deal the UK has on the table could affect future UK-US trade agreements…

The Times If Britain takes back control of trade, you will be first in line for a Trade deal.

…US Ambassador Woody Johnson echoed Trump in saying Britain would be “first in line” for a trade deal with the United States after Brexit.

If we seem enthusiastic, it’s because we are. Britain is the perfect trading partner for the United States. We are both countries that are at the top of our game when it comes to business, science and innovation”

However, Johnson also offered a word of warning. It is clear we won’t be able to negotiate such a fruitful deal unless we “take back control of our trade policy”.

Politico Trump’s man in Brussels slams “out of touch” EU

US ambassador to the EU, Gordon Sondland lambasted the “regulation obsessed” EU, and particularly France’s role in perpetuating more and more rules and standards. “They don’t seem to care about the German car industry or any other car industry, other than their own, said Sondland”. He concluded: the EU “don’t want to make a deal” with the US.

The Irish Times  “WTO says its rules would not force EU or UK to erect hard Irish Border

The Irish border has been weaponised by the EU and Theresa May has been suspected of deliberately falling for the ruse to engineer a softer Brexit. The rug has been now been pulled from underneath as, WTO spokesman Keith Rockwell has stated, “there is nothing in WTO rules that forces anyone to put up border posts.” There you have it, checks can and should be performed away from the border, no need for “physical infrastructure”, the principle upon which May’s entire withdrawal deal is balanced.

The Times Britain’s biggest banks could still support the economy in recession or even a crash

All seven of Britain’s biggest lenders passed the Bank’s latest stress test, and look in an exceedingly healthy state. The Bank of England put the City’s major banks under the microscope and found that they could withstand huge pressures in the event of a financial crash.

BBC Brexit fears fail to dent EasyJet bookings

Low cost airline Easyjet flew a record 88.5 million passengers over the past year, up 10.2%. Revenues rose 16.8% to £5.9bn. Chief executive Johan Lundgren “was adamant that flights would continue operating in April”, even if there was a no deal scenario. Yet more evidence that  a no deal would cause minor inconveniences, not the wide-scale chaos Remainers would have you believe.

EasyJet are not the only operator preparing for the possibility of a “no-deal”. The British tour operator have said they are “preparing for all possible scenarios”.

Bloomberg May’s Brexit deal is a betrayal of Britain

Mervyn King, who was governor of the Bank of England for a decade from 2003 has said has labelled Theresa May’s Brexit deal a “betrayal”. Lord King has urged MPs to reject a deal which he has described as “the worst of all worlds”.

King argued “It simply beggars belief that a government could be hell-bent on a deal that hands over £39 billion, while giving the EU both the right to impose laws on the U.K. indefinitely and a veto on ending this state of fiefdom.” The esteemed economist is spot on. May’s deal offers little promise for our economic future.