I've just noticed ...although its all a bit of a red herring really to the main points of the article ...that the figures the guy quoted in the article is referring to manufacturing trade , not service.
You would think that The Government would have concerns over the deficit, and shouldn't accept that some countries are just better than us at manufacturing. We seem very good at manufacturing cars for instance, so why not other stuff?
UK lost more than €5bn in EU financing after Brexit referendum, peers say
The UK lost more than €5bn (£4.5bn) in infrastructure funding in a year as lending from the EU collapsed following the Brexit vote, a powerful Lords committee has said. Peers warned that major infrastructure projects would be hurt further if the government fails to "plug the funding gap" when Britain loses access to the European Investment Bank (EIB) after Brexit, as ministers have relied on the EIB to fund major projects such as Crossrail and Manchester's tram extension. Brexit has already had a "material effect" on the UK's relationship with the EIB, which lent €7bn to 54 projects in 2016, compared to €1.8bn to 12 projects in 2017 and €932m to 10 projects last year, according to a new report by the Lords EU Financial Affairs Sub-Committee.
Odds of no-deal Brexit have become 'uncomfortably high'
The risk that the UK could crash out of the European Union on 29 March with no formalised divorce deal and no transition period has become “uncomfortably high.” Analysts tracking the latest Brexit developments are warning that the risks are rising, with some pegging the odds of a no-deal Brexit at 35%.
UK auto industry on 'red alert' amid growing no-deal Brexit threat
The Society of Motor Manufacturers and Traders (SMMT) has put the UK auto industry on “red alert” after investment in the sector almost halved in 2018 and the threat of a no-deal Brexit grows. The SMMT said in a statement that auto companies in Britain are “urging all politicians to do whatever it takes to avoid a ‘no-deal’ Brexit.” “With fewer than 60 days before we leave the EU and the risk of crashing out without a deal looking increasingly real, UK Automotive is on red alert. Brexit uncertainty has already done enormous damage to output, investment and jobs,” said Mike Hawes, CEO of SMMT. “Yet this is nothing compared with the permanent devastation caused by severing our frictionless trade links overnight, not just with the European Union but with the many other global markets with which we currently trade freely.
Brexit: Barclays 'cannot wait any longer' for its £166bn Dublin move
Barclays this week got the green light for the transfer of £166bn (€189bn) in assets to Dublin, after the London High Court said the bank “cannot wait any longer” to implement its Brexit contingency plans. The 29 January court judgement pointed to the “continuing uncertainty over whether there might be a no-deal Brexit,” saying that the Barclays plan was a “carefully crafted and fair proposal” designed to deal with the problems such a scenario would create for the bank’s clients. Barclays said last year that its Dublin unit will absorb around £224bn of its total £1.17tn in assets, in a transfer that will see it move around 6,800 clients, mainly from the European Economic Area, to Dublin.
Brexit: Tory truce crumbles as Theresa May accused of ‘stupid mistake’ in EU talks by leading Eurosceptic
Theresa May has been accused of already making a “stupid mistake” as she tries to go into a new round of Brexit negotiations with the EU. The flimsy Conservative truce achieved in a key vote on Tuesday fell apart in less than 24 hours when leading Eurosceptic MP Steve Baker attacked the prime minister’s negotiating team. He said Ms May should have included Britain’s leading trade negotiator Crawford Falconer, with Brexiteers doubtful that the UK’s current civil service lead Olly Robbins would take the best approach. It came as reports emerged that Remain-backing ministers were once again pressuring the prime minister to commit to a permanent customs union as a way of renegotiating the current withdrawal agreement to remove the Irish backstop
Apologies for interrupting thread - just wanted to say TODAY (Jan 31) is the last day to enter the free Sky Poker Naps Table race tipping competition. All the details can be found in the Betting section of the Community Forum, on a thread called Sky Poker Naps Table.
Brexit: 'Extra time' may be needed, says Jeremy Hunt
Mr Hunt said a possible delay in the UK's departure from the EU beyond the 29 March deadline depended on the progress made in the coming weeks. The PM is seeking "alternative arrangements" to the backstop, but the EU says it will not renegotiate. Meanwhile, the government says Parliament's week-long February half term break looks set to be cancelled. Commons Leader Andrea Leadsom told MPs: "There are currently no plans to bring forward a motion to agree dates for a February recess. "The House may therefore need to continue to sit to make progress on the key business before the House."
Shouldn't it be purely about what is best for the country rather than what MPs are prepared to accept?
Brexit: Sir Graham Brady 'could accept delay' if deal in place
Senior Conservative backbencher Sir Graham Brady has told the BBC that he could accept a delay to Brexit - as long as a deal was already agreed. He said a short delay to the 29 March exit date would be acceptable if needed to get legislation through Parliament. The government says its position has not changed on the date but Foreign Secretary Jeremy Hunt has suggested "extra time" may be needed. MPs rejected a bid to postpone Brexit if no deal was reached by 26 February. That amendment, from the Labour MP Yvette Cooper, would have delayed the 29 March departure date by several months, but it was voted down by 321 to 298 on Tuesday.
Farce as ministers cancel MPs' half-term break amid Brexit crisis - but say they DON'T need to be at Commons if they have holidays booked after demands for compensation Theresa May scrambling to wring more concessions out of the EU on Brexit deal Commons Leader Andrea Leadsom said half-term break ditched amid the crisis Remainers held off quitting to back bid to rule out no deal departure this week Greg Clark hints that they will make a stand if there is no progress by February 14 Jeremy Hunt has admitted Brexit might need to be delayed even if deal is passed
Plans to force MPs to work on the Brexit crisis during their half-term recess descended into farce last night – after they moaned about having to cancel their ski trips. Commons Leader Andrea Leadsom announced yesterday that Parliament would effectively cancel this month’s ten-day break to help push through Brexit-related legislation. It came after Foreign Secretary Jeremy Hunt warned Britain may need to delay its departure from the EU to get all the relevant laws passed in time. But the move sparked an extraordinary outcry from MPs, who often use the break to hit the slopes or soak up some winter sun.
Within minutes, Parliament’s expenses watchdog was understood to be fielding questions from politicians about whether they could claim refunds from the taxpayer for cancelled holidays. Labour asked for compensation for childcare costs. As a result – despite the precarious state of Brexit negotiations – the Government quickly relented, with Chief Whip Julian Smith emailing all Tory MPs to say that anyone who had booked a trip could still take their holidays. He reassured MPs that anyone who had arranged ‘family time’ could honour their commitments – raising questions over whether it was worth cancelling the recess at all. MPs will also be able to skip coming into the Commons if they have any ‘important constituency events’ or ‘cross-party delegations’
Theresa May attempts to win over Labour MPs to her Brexit with plan to offer cash to deprived constituencies
The Labour Party was hit by bitter in-fighting after it emerged that Theresa May was preparing an attempt to win over its MPs to her Brexit plans with offers of extra money for their constituencies. Deprived areas which voted Leave – many represented by opposition MPs – could receive cash injections after Britain leaves the European Union under plans being developed by ministers. Some Labour MPs are pressing ministers for a guarantee that the Treasury would replace any funds lost from EU investment schemes after Brexit, i has learnt. Ministers believe that gaining support of between 20 and 30 Labour MPs could be vital for achieving a Commons majority for Mrs May’s Brexit blueprint. They are targeting backbenchers representing towns in the Midlands and the North which have suffered from the decline of heavy industry such as coal mining. John Mann, the MP for Bassetlaw in Nottinghamshire, urged ministers to “show us the money” and called for “a fund of sufficient size to transform our communities”.
But the moves provoked an immediate backlash from other Labour MPs. David Lammy, the Tottenham MP, said of colleagues preparing to meet ministers: “More fool them. Socialists my ****. Cowards and facilitators. History will be brutal.” Wes Streeting, the Ilford North MP, said it would “never be forgiven and never be forgivable” for “Labour MPs to align themselves with the likes of Boris Johnson, Iain Duncan Smith and Priti Patel”. Hints from Downing Street But one Labour MP sympathetic to the moves told i: “We have to get real about the situation in our constituencies rather than throwing about this sort of language.”
Dominic Cummings delivered an estimated one billion targeted adverts to voters through AggregateIQ in the lead up to the referendum. Arron Banks admitted that Leave.EU also hired a data firm specialising in the targeting of voters - Cambridge Analytica. He has since denied giving them paid work. In 2018, the Electoral Commission found the Vote Leave campaign guilty of breaking Electoral Law. Leave. EU were subsequently referred to the National Crime Agency for investigation into breaches of Electoral Law.
Today, the Information Commissioners Office has fined the Leave.EU Referendum Campaign, and the insurance company owned by its major financial backer Arron Banks, for serious breaches of Electronic Marketing Law, and has announced a further review into how both are complying with Data Protection Laws.
Comments
We seem very good at manufacturing cars for instance, so why not other stuff?
The UK lost more than €5bn (£4.5bn) in infrastructure funding in a year as lending from the EU collapsed following the Brexit vote, a powerful Lords committee has said.
Peers warned that major infrastructure projects would be hurt further if the government fails to "plug the funding gap" when Britain loses access to the European Investment Bank (EIB) after Brexit, as ministers have relied on the EIB to fund major projects such as Crossrail and Manchester's tram extension.
Brexit has already had a "material effect" on the UK's relationship with the EIB, which lent €7bn to 54 projects in 2016, compared to €1.8bn to 12 projects in 2017 and €932m to 10 projects last year, according to a new report by the Lords EU Financial Affairs Sub-Committee.
https://www.msn.com/en-gb/news/brexit/uk-lost-more-than-€5bn-in-eu-financing-after-brexit-referendum-peers-say/ar-BBSYyMv?ocid=spartanntp
The risk that the UK could crash out of the European Union on 29 March with no formalised divorce deal and no transition period has become “uncomfortably high.”
Analysts tracking the latest Brexit developments are warning that the risks are rising, with some pegging the odds of a no-deal Brexit at 35%.
https://uk.finance.yahoo.com/news/odds-no-deal-brexit-become-uncomfortably-high-141634906.html
The Society of Motor Manufacturers and Traders (SMMT) has put the UK auto industry on “red alert” after investment in the sector almost halved in 2018 and the threat of a no-deal Brexit grows.
The SMMT said in a statement that auto companies in Britain are “urging all politicians to do whatever it takes to avoid a ‘no-deal’ Brexit.”
“With fewer than 60 days before we leave the EU and the risk of crashing out without a deal looking increasingly real, UK Automotive is on red alert. Brexit uncertainty has already done enormous damage to output, investment and jobs,” said Mike Hawes, CEO of SMMT.
“Yet this is nothing compared with the permanent devastation caused by severing our frictionless trade links overnight, not just with the European Union but with the many other global markets with which we currently trade freely.
https://uk.finance.yahoo.com/news/uk-auto-industry-red-alert-amid-growing-no-deal-brexit-threat-091630936.html
Barclays this week got the green light for the transfer of £166bn (€189bn) in assets to Dublin, after the London High Court said the bank “cannot wait any longer” to implement its Brexit contingency plans.
The 29 January court judgement pointed to the “continuing uncertainty over whether there might be a no-deal Brexit,” saying that the Barclays plan was a “carefully crafted and fair proposal” designed to deal with the problems such a scenario would create for the bank’s clients.
Barclays said last year that its Dublin unit will absorb around £224bn of its total £1.17tn in assets, in a transfer that will see it move around 6,800 clients, mainly from the European Economic Area, to Dublin.
https://uk.finance.yahoo.com/news/brexit-barclays-cannot-wait-longer-166bn-dublin-move-093618468.html
Theresa May has been accused of already making a “stupid mistake” as she tries to go into a new round of Brexit negotiations with the EU.
The flimsy Conservative truce achieved in a key vote on Tuesday fell apart in less than 24 hours when leading Eurosceptic MP Steve Baker attacked the prime minister’s negotiating team.
He said Ms May should have included Britain’s leading trade negotiator Crawford Falconer, with Brexiteers doubtful that the UK’s current civil service lead Olly Robbins would take the best approach.
It came as reports emerged that Remain-backing ministers were once again pressuring the prime minister to commit to a permanent customs union as a way of renegotiating the current withdrawal agreement to remove the Irish backstop
https://uk.yahoo.com/news/brexit-tory-truce-crumbles-theresa-181500641.html
Mr Hunt said a possible delay in the UK's departure from the EU beyond the 29 March deadline depended on the progress made in the coming weeks.
The PM is seeking "alternative arrangements" to the backstop, but the EU says it will not renegotiate.
Meanwhile, the government says Parliament's week-long February half term break looks set to be cancelled.
Commons Leader Andrea Leadsom told MPs: "There are currently no plans to bring forward a motion to agree dates for a February recess.
"The House may therefore need to continue to sit to make progress on the key business before the House."
https://www.bbc.co.uk/news/uk-politics-47069433
Brexit: Sir Graham Brady 'could accept delay' if deal in place
Senior Conservative backbencher Sir Graham Brady has told the BBC that he could accept a delay to Brexit - as long as a deal was already agreed.
He said a short delay to the 29 March exit date would be acceptable if needed to get legislation through Parliament.
The government says its position has not changed on the date but Foreign Secretary Jeremy Hunt has suggested "extra time" may be needed.
MPs rejected a bid to postpone Brexit if no deal was reached by 26 February.
That amendment, from the Labour MP Yvette Cooper, would have delayed the 29 March departure date by several months, but it was voted down by 321 to 298 on Tuesday.
https://www.bbc.co.uk/news/uk-politics-47075606
Theresa May scrambling to wring more concessions out of the EU on Brexit deal
Commons Leader Andrea Leadsom said half-term break ditched amid the crisis
Remainers held off quitting to back bid to rule out no deal departure this week
Greg Clark hints that they will make a stand if there is no progress by February 14
Jeremy Hunt has admitted Brexit might need to be delayed even if deal is passed
Plans to force MPs to work on the Brexit crisis during their half-term recess descended into farce last night – after they moaned about having to cancel their ski trips.
Commons Leader Andrea Leadsom announced yesterday that Parliament would effectively cancel this month’s ten-day break to help push through Brexit-related legislation.
It came after Foreign Secretary Jeremy Hunt warned Britain may need to delay its departure from the EU to get all the relevant laws passed in time.
But the move sparked an extraordinary outcry from MPs, who often use the break to hit the slopes or soak up some winter sun.
Within minutes, Parliament’s expenses watchdog was understood to be fielding questions from politicians about whether they could claim refunds from the taxpayer for cancelled holidays. Labour asked for compensation for childcare costs.
As a result – despite the precarious state of Brexit negotiations – the Government quickly relented, with Chief Whip Julian Smith emailing all Tory MPs to say that anyone who had booked a trip could still take their holidays.
He reassured MPs that anyone who had arranged ‘family time’ could honour their commitments – raising questions over whether it was worth cancelling the recess at all.
MPs will also be able to skip coming into the Commons if they have any ‘important constituency events’ or ‘cross-party delegations’
https://www.dailymail.co.uk/news/article-6653061/Furious-MPs-face-losing-thousands-pounds-ministers-axe-holidays.html
The Labour Party was hit by bitter in-fighting after it emerged that Theresa May was preparing an attempt to win over its MPs to her Brexit plans with offers of extra money for their constituencies. Deprived areas which voted Leave – many represented by opposition MPs – could receive cash injections after Britain leaves the European Union under plans being developed by ministers. Some Labour MPs are pressing ministers for a guarantee that the Treasury would replace any funds lost from EU investment schemes after Brexit, i has learnt. Ministers believe that gaining support of between 20 and 30 Labour MPs could be vital for achieving a Commons majority for Mrs May’s Brexit blueprint. They are targeting backbenchers representing towns in the Midlands and the North which have suffered from the decline of heavy industry such as coal mining. John Mann, the MP for Bassetlaw in Nottinghamshire, urged ministers to “show us the money” and called for “a fund of sufficient size to transform our communities”.
But the moves provoked an immediate backlash from other Labour MPs. David Lammy, the Tottenham MP, said of colleagues preparing to meet ministers: “More fool them. Socialists my ****. Cowards and facilitators. History will be brutal.” Wes Streeting, the Ilford North MP, said it would “never be forgiven and never be forgivable” for “Labour MPs to align themselves with the likes of Boris Johnson, Iain Duncan Smith and Priti Patel”. Hints from Downing Street But one Labour MP sympathetic to the moves told i: “We have to get real about the situation in our constituencies rather than throwing about this sort of language.”
Read more at: https://inews.co.uk/news/brexit/labour-mps-split-by-theresa-mays-attempts-to-woo-party-to-her-brexit-plan-with-cash-offers/
The House of Commons admired, and respected by the rest of the world?
Tim Martin on Question Time - taken apart
Dominic Cummings delivered an estimated one billion targeted adverts to voters through AggregateIQ in the lead up to the referendum.
Arron Banks admitted that Leave.EU also hired a data firm specialising in the targeting of voters - Cambridge Analytica.
He has since denied giving them paid work.
In 2018, the Electoral Commission found the Vote Leave campaign guilty of breaking Electoral Law.
Leave. EU were subsequently referred to the National Crime Agency for investigation into breaches of Electoral Law.
Today, the Information Commissioners Office has fined the Leave.EU Referendum Campaign, and the insurance company owned by its major financial backer Arron Banks, for serious breaches of Electronic Marketing Law, and has announced a further review into how both are complying with Data Protection Laws.