Brexit working?

To -
Brexit Central
Department for Desperate Positives
Cloud Cuckoo Land
Stoke on Trent.

"Florida has a GDP of over £1.1tn – the fourth biggest of any US state and roughly the same size as Spain. The MoU is designed to help make it quicker, easier, and cheaper for UK and Florida firms to do business and is targeted at sectors in which the UK and Florida have particular strengths such as space, fintech, AI and legal services.

The Secretary of State and Governor DeSantis will sign the pact today in Jacksonville in Florida.

The MoU is the first the UK has signed which focuses on the space sector. Florida is home to the NASA Kennedy Space Center and has world-leading capabilities in launch infrastructure, manufacturing, and satellite development, presenting huge opportunities for the UK’s growing space industry – now with an income worth over £17.5 billion and employing nearly 50,000 people.

After today’s signing the UK will have MoUs with seven US states – Indiana, North Carolina, South Carolina, Oklahoma, Utah, Washington, and Florida – with a combined GDP of £3.3tn, just under the GDP of Germany. The UK is also actively engaging with further states including Texas, California, Colorado, and Illinois...

"I have to ask you Nobby, do you actually know what you are talking about?".

Both Canada and Mexico, the two closest neighbours to the US, have individual deals with each State in the US. So, the UK are not "begging for trade deals", but in reality this is how it is best to trade with the US without a Federal Trade Deal. If it is good enough for Canada and Mexico, then surely it's good enough for us? Yes,, both Canada and Mexico have a trade deal (best not call it a free trade deal) with the Federal government, but find it easier to implement individual deals with each state as these deals can be focused on the requirements of each state and in places it is possible to get a better deal than that offered via the Federal one. For example, places like Missouri or New England don't give a toss about the Aerospace industry, but Seattle, home to Boeing, is! Therefore a deal with Seattle can be tailored comprehensively to help UK exporters like Rolls Royce Aero Engines.
Are you aware of how trade works within the US between States? Having lived there and owned a business there I thought you'd know about this? The States in the US can have different laws/requirements/standards. As an example, cars in California have the most stringent laws regarding emmissions. So, if you import a car in Florida, which can then be moved and sold in California, it has to meet the Californian standards, so therefore you ensure that all the cars you import into Florida meet those requirements. It then doesn't matter if the car is sold in Florida or California. The point being it is easy to move goods between the individual States as long as the goods meet the standards of the market it is being sold in. This is just an analogy, so let's not get bogged down in one of your usual arguments regarding the semantics.
Getting a Federal Trade Deal means that it has to go through Washington, and that means it becomes political. Business is business, and traders will always find a way around the politics. The EU were in negotiations with the US for 20 years about a trade deal, and still couldn't get one, because the US are notoriously difficult to get a trade deal with. Yes, there are certain areas where it will need Federal approval first, but the vast majority of trading doesn't.
Each US State actually has offices in London. They are there to help promote trade and business. The individual States are also in competition with each other to attract business to their own States.
I can throw another possible example to you. BMW and Mercedes cars (or any car manufactured in the EU) are expensive in the US because of the tariffs imposed. If the UK makes a deal with a State to import cars with far lower tariffs, then pretty soon you'll find those manufacturers like Mercedes and BMW will open manufacturing sites in the UK to take advantage of that, meaning more jobs in the UK and therefore economic growth.


"I ask again, what is the projected economic gains from these State by State deals?" - Have you asked the same question to Canada and Mexico? You need to open your mind to the bigger picture and stop thinking like a Little Englander.

You also criticize a deal with Florida because of it's elected head (Ron Desantis). Does this mean you are happy with all the elected heads of the EU nations? With the EU you don't want just a trade deal, but a full-blown political union! You're being slightly hypocritical I think.

Nissan to make new models of electric cars in Sunderland,I remember when Brexit happened the remoaners told us that the Nissan factory would close !

Brexit working?

The net migration figure to the UK for 2022 has been revised upwards to 745,000
In May, figure for 2022 was given as 606,000 - a record at the time - and that was today revised up by 139,000
At the same time, new figures for the 12 months until June 2023 show net migration to the UK of 672,000
The figures show the number people of arriving in the UK, versus the number leaving
Immigration in the 12 months to June 2023 was 1.2m - emigration was 508,000
The vast majority of immigration was from non-EU countries - 968,000"


😂😂😂

and as usual I'll provide the usual reply. Governments just lay the ground work by providing these agreements. It is then up to Private Companies to take advantage of those conditions. It's therefore impossible, and probably foolish, to provide any sort of figure. However, what is certain is that any trade figures will be higher with these agreements than without them.

Is Brexit working? Well, these figures show that the UK is a popular destination! However, the immigration problem is not a Brexit problem, as I'm pretty sure you are aware of, so attempting to put Brexit as the reason for the increase in numbers is wrong.
However, politicians throughout Europe have got it wrong. Immigration is one of the hottest topics in elections in every European country. Look at what happened in Holland yesterday. In Germany, the second largest party in the parliament are the AfD. People throughout Europe have had enough and are voting for parties who promise to actually do something about it. They are fed-up with the same old lame excuses from the same old tired politicians.

So as a free market capitalist, you support tax being used to fund private sector enterprises?
Bloody hell.

I have no idea about German Tax regulations, but my understanding is that under the Single Market regs State subsidies are subject to strict oversight? It was one of the reasons Corbyn wanted out. Imagine.

Get real Oldie. Every government in Europe will do what ever it can to help big business stay. Germany does not supply state subsidies to the large car manufacturers. It's an internal tax issue in the same way that countries within Europe can set their own Corporation Tax Rate. 

Meanwhile, back in Threateneedle St.

"Britain has historically lagged behind other leading economies for growth in business investment, but has fallen further back in recent years after a period of political and economic instability amid the Brexit vote, Covid pandemic and repeated “flip-flopping” of government policy.

A key driver for economic growth, business investment was now only 6% higher in real terms than in the second quarter of 2016, when the Brexit referendum was held, Ramsden said. “That’s less than 1% a year. Over that time, US business investment has gone up by over 25%,” he said.

“You can see a break in the trend for UK business investment in 2016. It had been going up since the global financial crisis and then it flattened off from 2016 onwards.”

Can't wait for an agreement with North Dakota to boost those stats.