UK launching four regional trade hubs to boost exports
23/03/2021
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The hubs in Edinburgh, Cardiff, Belfast and Darlington will aim to provide local firms with advice.
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Strawcat
23/03/2021 10:17:45
41
28
bbc
If you want to boost exports then scrap Bojo's bad Brexit deal which makes it harder and more expensive to export.
Haven't you heard mate? It's a "fantastic" deal.
That's why there's no customs delays, extra paper work, no need to boost the fishing industry, no issues with the NI protocol, no world's biggest trade block about to take legal action against us, no 40% fall in exports etc. Oh, and don't forget, we're all just basking in sovereignty like pigs in plop.
That's why there's no customs delays, extra paper work, no need to boost the fishing industry, no issues with the NI protocol, no world's biggest trade block about to take legal action against us, no 40% fall in exports etc. Oh, and don't forget, we're all just basking in sovereignty like pigs in plop.
Get over it.
Why did we allow the right to do this to us ?
5m Labour leavers air-brushed out of history.
We didn't. At the last GE, 56% of us who voted, didn't vote Tory.
However, as Britain is not a democracy...
However, as Britain is not a democracy...
Because the Tories have eliminated all opposition on the right whereas the left vote is split. That's why the Tories can get a parliamentary majority although the majority of the electorate vote against them.
Until Labour get the enormous chip off their shoulder and recognise that they need a deal with the LibDems so they don't stand against each other they will be permanently in opposition.
Until Labour get the enormous chip off their shoulder and recognise that they need a deal with the LibDems so they don't stand against each other they will be permanently in opposition.
No doubt this will be criticised by Welsh government in the usual way, just like freeports were
UK Government: Attempts to create wealth in wales
Welsh Government: no it undermines devolution!
Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.
Welsh Government: no it undermines devolution!
Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.
Mere million? That's what the Tories waste on Spanish middlemen. Then they wasted tens of billions on a failed Track and Trace System.
'Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.'
They are certainly learning from Johnson. I don't think they've got round to the £200k refurb of a grace and favour partment yet, nor to the bungs to chums to buy defective and overpriced PPE.
They are certainly learning from Johnson. I don't think they've got round to the £200k refurb of a grace and favour partment yet, nor to the bungs to chums to buy defective and overpriced PPE.
Boost exports by 60%, join EU, what a no-brainer that would be (given that they're 40% down)..
Have we signed any Trade Deals since 1st January?
"I'm determined to use UK trade policy to benefit every part of the UK.", says Liz Truss. If that were true then the UK govt would not have isolated UK businesses from their largest global trade bloc, the EU. (In the process, increasing bureaucracy, costs and making exports uncompetitive for millions of UK companies.)
We have control now. The Japan trade deal is better than the EU one we left. I am sure we will secure deals with Aus, NZ and others before the EU does. This is competition! great for all as we both push harder to win.
Being small and nimble is proven (see vaccines) to work better.
Being small and nimble is proven (see vaccines) to work better.
Haven't you heard mate? It's a "fantastic" deal.
That's why there's no customs delays, extra paper work, no need to boost the fishing industry, no issues with the NI protocol, no world's biggest trade block about to take legal action against us, no 40% fall in exports etc. Oh, and don't forget, we're all just basking in sovereignty like pigs in plop.
That's why there's no customs delays, extra paper work, no need to boost the fishing industry, no issues with the NI protocol, no world's biggest trade block about to take legal action against us, no 40% fall in exports etc. Oh, and don't forget, we're all just basking in sovereignty like pigs in plop.
We didn't need trade hubs while we were in the EU - we had seamless cross border trade.
We didn't need the EU to have seamless trade, we had that in the common market.
.....and pointless rules and a HUGE trade deficit with the EU. Get over it. We are out and never going back. We are now in an effective trade war with the EU which means they are trade enemies.
We didn't need trade hubs while we were in the EU - we had seamless cross border trade.
I very much doubt that is true!
actually, no, we didn't.
Darlington, lots of jobs been done by Capita a favorite for outsourcing work to by the Government.
Surely you mean Crapita, to go with other sponging wasters like Bodgica and Crap Gemini. Leeches send in the A-team to sell you something and the Z-team to implement and run it.
I find it incredulous when people complain because the Government is looking at improving export businesses. We all know Covid-19 has impacted businesses but not necessary those in the same context that export. We are now an independent country who needs to look at export and import along with smaller businesses. Remember furlough? I say well done and I hope it achieves its goals.
We need a lot more than 'hope'.
More Brextremist faux incredulity. This corrupt, lying, law breaking Tory Brexit government has destroyed the UK economy and bankrupted the country by doubling the national debt after 10 years of austerity and record tax receipts. This was all before the Covid19 pandemic. This is the worst government in modern British history.
Let's hope it's not the same skilled advisers who worked on Boris' Brexit Deal. Not sure if our economy much more Tory brilliance.
Any Brexit impact has been totally blown away by Covid. The massive increase in debt will hurt us for many years.
I don't hear anything different coming out of Labour? Whats the big alternative plan?
I don't hear anything different coming out of Labour? Whats the big alternative plan?
"The trick they're missing is the concept is right, but actually what you need is to create the businesses, encourage exports and then provide the export advice," Mr Urquhart-Stewart told the BBC.
--------
Not like the Tories to put the cart before the horse is it?!
Organised drinking in breweries comes to mind!!
--------
Not like the Tories to put the cart before the horse is it?!
Organised drinking in breweries comes to mind!!
Another of BoJo's incompetents. Her civil service will have written this as she has shown herself odd - remember the screech at a Conference? Was it pigs or cheese to China.
This will of course be much criticised by the seriously tarnished SG. Just like the free ports were. Oh Eck!
Have we signed any Trade Deals since 1st January?
Tell that to the EU.
"The trick they're missing is the concept is right, but actually what you need is to create the businesses, encourage exports and then provide the export advice," Mr Urquhart-Stewart told the BBC.
--------
Not like the Tories to put the cart before the horse is it?!
Organised drinking in breweries comes to mind!!
--------
Not like the Tories to put the cart before the horse is it?!
Organised drinking in breweries comes to mind!!
More Torybrexit government propaganda. The UK already has many economic development agencies to boost exports in every region of the UK. This is just more lies.
isn't it boring when remoaners are still whining about Brexit ????
Get over it, its happened now move on & stop living in the past.
Get over it, its happened now move on & stop living in the past.
Imagine the UK under Labour's management?
We didn't need the EU to have seamless trade, we had that in the common market.
they are a trading bloc that we need most of all
If it was, the UK would still be in it, along with others who have left or not joined. But politicians since the dawn of time have always wanted 'more politics' at the expense of other considerations.
UK Government: Attempts to create wealth in wales
Welsh Government: no it undermines devolution!
Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.
Welsh Government: no it undermines devolution!
Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.
Look, i agree with you. But it doesn’t let drippy off the hook either!
UK Government: Attempts to create wealth in wales
Welsh Government: no it undermines devolution!
Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.
Welsh Government: no it undermines devolution!
Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.
'Welsh Government: Splurges millions upon millions on failed vanity projects, airports, luxury trains and consultations.'
They are certainly learning from Johnson. I don't think they've got round to the £200k refurb of a grace and favour partment yet, nor to the bungs to chums to buy defective and overpriced PPE.
They are certainly learning from Johnson. I don't think they've got round to the £200k refurb of a grace and favour partment yet, nor to the bungs to chums to buy defective and overpriced PPE.
So, that’s also criminal. Why should Drakeford and co be let off the hook just because Johnsons doing it too?
Why did we allow the right to do this to us ?
The Tories criticised the Government of Wales for opening up trade missions to help exports from Wales . Typical Tory fluff and no substance after stifling green projects in Wales .
When it comes to these things, why not include Northumberland and Cumbria into the jurisdiction of the Northern/Scottish office? The areas are more similar to that across the border than the counties further South.
I find it incredulous when people complain because the Government is looking at improving export businesses. We all know Covid-19 has impacted businesses but not necessary those in the same context that export. We are now an independent country who needs to look at export and import along with smaller businesses. Remember furlough? I say well done and I hope it achieves its goals.
A Tory trading hub in Scotland?
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
A bit like Teflon Sturgeon....oh sorry she 'forgot'??
They haven't got the guts to stand for election - never mind constantly being rejected - in the north of Ireland.
Anyone remember the Tory Northern Powerhouse?
Did he play for Widnes?
"The trick they're missing is the concept is right, but actually what you need is to create the businesses, encourage exports and then provide the export advice," Mr Urquhart-Stewart told the BBC.
--------
Not like the Tories to put the cart before the horse is it?!
Organised drinking in breweries comes to mind!!
--------
Not like the Tories to put the cart before the horse is it?!
Organised drinking in breweries comes to mind!!
Yes and it’s happening! Or do you live in some obscure Labour and SNP Siberian stronghold.
Lefty gripers are just so so boring !
Lefty gripers are just so so boring !
To be honest, that is where the government is focusing much of it's attention, while completely forgetting about the rest of the country.
But don't conflate "focusing much of it's attention" with success. This government already proved to be utterly incompetent as projects like HS2 show.
But don't conflate "focusing much of it's attention" with success. This government already proved to be utterly incompetent as projects like HS2 show.
What is the point of trade hubs if we don't manufacture anything to trade? 80% of the UK economy is derived from Financial Services with the remaining 20% coming from Manufacturing & Agriculture. We should learn from the EU; at least 50% of all car components on imported cars to be manufactured in UK or ALL cars to be assembled in UK. Same for White Goods.
Its not just about manufacturing.
Its also about IT, technology, Science, pharmacy, healthcare, soft services, education (big exporter), arts, entertainment, tourism, professional services etc.
Its also about IT, technology, Science, pharmacy, healthcare, soft services, education (big exporter), arts, entertainment, tourism, professional services etc.
In the Brexit trade deal we have 6 years to ensure the majority of car parts are manufactured either here on in the EU a step in the right direction just whish it was applied to all manufactured goods
No. 80% of the UK economy is the service sector ie including retail, hospitality, office work . That is a similar to most developed economies.
Financial services is only 6.9%.
Financial services is only 6.9%.
I find it incredulous when people complain because the Government is looking at improving export businesses. We all know Covid-19 has impacted businesses but not necessary those in the same context that export. We are now an independent country who needs to look at export and import along with smaller businesses. Remember furlough? I say well done and I hope it achieves its goals.
More Brextremist faux incredulity. This corrupt, lying, law breaking Tory Brexit government has destroyed the UK economy and bankrupted the country by doubling the national debt after 10 years of austerity and record tax receipts. This was all before the Covid19 pandemic. This is the worst government in modern British history.
You obviously weren’t around to endure the Blair / Brown years
This initiative can only assist decentralisation of investment.
the Scottish Investment Bank has proven to be worse than useless.
Its essential however that these hubs are fully independent from devolved government.
the Scottish Investment Bank has proven to be worse than useless.
Its essential however that these hubs are fully independent from devolved government.
yes and english ruled once again
The only way we are going to prosper is to be on level terms with our trading partners. Have in a currency that is more expensive than everyone else is economic suicide. And allowing items to be imported into Britain that are been produced in places who's pay and working conditions would be illegal makes no sense at all.
What is the point of trade hubs if we don't manufacture anything to trade? 80% of the UK economy is derived from Financial Services with the remaining 20% coming from Manufacturing & Agriculture. We should learn from the EU; at least 50% of all car components on imported cars to be manufactured in UK or ALL cars to be assembled in UK. Same for White Goods.
I think that these sectors have been taken into consideration. It still makes financial services by far the biggest export sector.
macarony
"Have in a currency that is more expensive than everyone else is economic suicide."
What are you talking about? The pound is a very weak currency. It has been sliding down steadily over the past decades against the Euro, Dollar and everything else.
"Have in a currency that is more expensive than everyone else is economic suicide."
What are you talking about? The pound is a very weak currency. It has been sliding down steadily over the past decades against the Euro, Dollar and everything else.
How's trade doing under the Tories at the moment?
Oh yes, not very well.
Then again if you go out of your way to turn your back on our biggest trading partner, you should expect trade to be badly affected.
Oh yes, not very well.
Then again if you go out of your way to turn your back on our biggest trading partner, you should expect trade to be badly affected.
Would that be the 'partner' who wants to stop exporting life saving vaccines to the UK???
What is the point of trade hubs if we don't manufacture anything to trade? 80% of the UK economy is derived from Financial Services with the remaining 20% coming from Manufacturing & Agriculture. We should learn from the EU; at least 50% of all car components on imported cars to be manufactured in UK or ALL cars to be assembled in UK. Same for White Goods.
This initiative can only assist decentralisation of investment.
the Scottish Investment Bank has proven to be worse than useless.
Its essential however that these hubs are fully independent from devolved government.
the Scottish Investment Bank has proven to be worse than useless.
Its essential however that these hubs are fully independent from devolved government.
Anyone remember the Tory Northern Powerhouse?
Yeah. That's the year they were relegated!
good comment,very funny
That would be why no one remembers him
Imports down 6.6billion from Eu to UK no one is winning
How's trade doing under the Tories at the moment?
Oh yes, not very well.
Then again if you go out of your way to turn your back on our biggest trading partner, you should expect trade to be badly affected.
Oh yes, not very well.
Then again if you go out of your way to turn your back on our biggest trading partner, you should expect trade to be badly affected.
Oh, you mean the partner who has exported 10 million vaccine doses to us, and to whom we've exported nothing other than covid B.1.1.7. The 'kent' varient now 'washing' through Europe as it did through the UK in January!
The EU has allowed 8-10 million doses of the vaccine to be exported to the UK.
The UK exported none.
The UK exported none.
Why should they manufacture vaccines and then export them to a country that seeks to undermine them? Why should UK have priority? Many of the people frothing at the mouth over the EU not exporting would be the same who would be outraged if Boris didn't "vaccinate Britain first".
Another Brexiteer cherry picking vaccines, when the vaccine programme itself had nothing to do with Brexit...
Useless.
Useless.
A Tory trading hub in Scotland?
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
We didn't need the EU to have seamless trade, we had that in the common market.
they are a trading bloc that we need most of all
The EU’s trade declining from 34% in 1980 to an expected 20% by 2022.
Ref: fullfact org europe eu less important world economy
Ref: fullfact org europe eu less important world economy
and give up getting the vaccine that Boris Johnson obtained a long time before the EU even started, over 50% of the population are glad he never joined their vaccine cartel , And he did that despite the grief from labour or snp who said if he did not join he would kill a 1000 scots because of the lack of the vaccine.
so sod the EU they can sort them selves out
so sod the EU they can sort them selves out
How do you boost trade when reliant on an institution that typically takes over a decade to agree trade deals and ones that are designed for 28 countries rather than the intricate specifics of each one?
Yes
Only in your dreams
Have you not been watching the disarray and disharmony in the EU?
Im guessing the 'remainers' out there still want to be in the EU but would rather wait until the UK government sorts out their vaccinations that the EU seem hopelessly inept at. "Please Boris, save all our lives, then we can go back to the land of lunacy and dance around the flag of failure in Brussels"
You love it so much, MOVE! ??
A Tory trading hub in Scotland?
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
What is the point of trade hubs if we don't manufacture anything to trade? 80% of the UK economy is derived from Financial Services with the remaining 20% coming from Manufacturing & Agriculture. We should learn from the EU; at least 50% of all car components on imported cars to be manufactured in UK or ALL cars to be assembled in UK. Same for White Goods.
It doesn't change his point though does it?
Again Tories attacking the precise terminology rather than addressing the main point made. Pointless attempts at deflections.
Again Tories attacking the precise terminology rather than addressing the main point made. Pointless attempts at deflections.
I find it incredulous when people complain because the Government is looking at improving export businesses. We all know Covid-19 has impacted businesses but not necessary those in the same context that export. We are now an independent country who needs to look at export and import along with smaller businesses. Remember furlough? I say well done and I hope it achieves its goals.
More Torybrexit government propaganda. The UK already has many economic development agencies to boost exports in every region of the UK. This is just more lies.
https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/january2021
'Exports of goods fell by £5.3 billion (19.3%) in January 2021, because of a £5.6 billion (40.7%) fall in exports to the EU.'
This is just the start.
Can you blame people for 'living in the past'? They weren't facing bankruptcy then...
'Exports of goods fell by £5.3 billion (19.3%) in January 2021, because of a £5.6 billion (40.7%) fall in exports to the EU.'
This is just the start.
Can you blame people for 'living in the past'? They weren't facing bankruptcy then...
"52% vs 48% would be unfinished business" - Nigel Farage.
And so it is.
It's Brexiters who are living in the past, and your refusal to move on has cost Britain dear.
And so it is.
It's Brexiters who are living in the past, and your refusal to move on has cost Britain dear.
A country build on lies, not a chance to let them liars win.. should be in court for fraud.
Don`t hear you and your kind shouting from the rooftops the benefits of Brexit. Not a single word...
Like the anti-EU crowd you mean?
Unfortunately, that's just where we'll all be living, in the past, thinking of what we've thrown away............?
People like you are the reason why the UK is in such a mess.
Irrecoverably ignorant and deluded.
Irrecoverably ignorant and deluded.
Would that be the 'partner' who wants to stop exporting life saving vaccines to the UK???
More tax incentives for early stage investing is needed. This is a high risk activity and tax breaks can help.
But it is good news, we need to export more to the fastest growing parts of the world, which is mostly the far east.
But it is good news, we need to export more to the fastest growing parts of the world, which is mostly the far east.
Problem is, there isn't really anything that these growing Eastern economies want from us. We've no resources, they still do need some precision engineering, but the Germans have pretty much got that covered.
Their only interest in us is as a consumer market for their exports, they can easily undercut us on manufactures on cost and economies of scale.
Their only interest in us is as a consumer market for their exports, they can easily undercut us on manufactures on cost and economies of scale.
Would that be the 'partner' who wants to stop exporting life saving vaccines to the UK???
"I'm determined to use UK trade policy to benefit every part of the UK.", says Liz Truss. If that were true then the UK govt would not have isolated UK businesses from their largest global trade bloc, the EU. (In the process, increasing bureaucracy, costs and making exports uncompetitive for millions of UK companies.)
Remind us how the new Japan deal is "better" (for us) than the one via EU.
No it's not - it's just "an exercise in keeping the status quo and in damage limitation" according to one analyst. No difference from the one we already had. And the potential value of trade with Aus, NZ etc. is vanishingly small compared with trade with the EU block.
I think you need to check your facts first, the Japan deal is not better than the one we had with the EU, unless you export Stilton Cheese or Ice Cream vans, in which your likely to be quid's in.
'The Japan trade deal is better than the EU one we left.'
I feel for the people who will be affected by this.
I've zero sympathy for ppl like you who - rather than furnishing themselves with facts - post the sort of unadulterated drivel you just posted.
I feel for the people who will be affected by this.
I've zero sympathy for ppl like you who - rather than furnishing themselves with facts - post the sort of unadulterated drivel you just posted.
EU has a trade deal with New Zealand - why we used to get tariff free NZ lamb - but 40% tariff since Brexit.
I don't have chapter and verse to hand, but I think you are wrong. The conditions are about the same - effectively all Japan did was roll over the existing deal we had as EU members. Considering the quality of our negotiating team, we were lucky.
The bottom line is, the UK has no natural resources so our industry is based on adding value to IMPORTED parts and materials by sticking them together and selling the result. Having a monetary policy based on evaporating debt by steady devaluation of the pound means: our imports keep getting more expensive, and the margins keep getting smaller. We're simply not competitive internationally.
The biggest natural resource any country has is expertise. We have plenty.
NO NATURAL RESOURCES?!
The UK has more oil, fresh water, minerals, wind, tidal energy, wood, coal, gas than most of Europe put together!!
We also have the best universities and education in the world.
You don't know what you are talking about.
The UK has more oil, fresh water, minerals, wind, tidal energy, wood, coal, gas than most of Europe put together!!
We also have the best universities and education in the world.
You don't know what you are talking about.
Nor have we been since the disaster of WW1. A war fought for the French.
Great, more jobs for consultants.
Urquhart-Stewart is right about one thing, none of these Regions are going to attract investment if there is no reason for it to go there. Government must put in the infrastructure, local business plan, incentives, ensure demand, etc. to draw investment in.
Truss thinks investment magically appears, and we cannot export to markets we are already priced out of.
Urquhart-Stewart is right about one thing, none of these Regions are going to attract investment if there is no reason for it to go there. Government must put in the infrastructure, local business plan, incentives, ensure demand, etc. to draw investment in.
Truss thinks investment magically appears, and we cannot export to markets we are already priced out of.
Liz Truss embarrasses the UK on a regular basis. If you had all the Tory MPs lined up and had to pick one to be International Trade Secretary. The last one you would pick would be her.... Literally have to cringe at every speech she makes.
One of the few Tories that really scares me.
The UK is a Kakistocracy. An expert in International Trade should be International Trade Secretary.
One of the few Tories that really scares me.
The UK is a Kakistocracy. An expert in International Trade should be International Trade Secretary.
The bottom line is, the UK has no natural resources so our industry is based on adding value to IMPORTED parts and materials by sticking them together and selling the result. Having a monetary policy based on evaporating debt by steady devaluation of the pound means: our imports keep getting more expensive, and the margins keep getting smaller. We're simply not competitive internationally.
Labour are pushing the 'foundational economy'. A lot of money leaves the regions to procure goods and services from elsewhere. They are looking at how this can be done more locally. Some may call it 'protectionism', but in the face of a disinterested Westminster, I think it is quite necessary.
I think you'll find the Government will blame all of the problems of Brexit on Covid.
"Any Brexit impact has been totally blown away by Covid. "
Absolute nonsense. Exports went off a cliff between January and December. You clapped out clowns will believe any old nonsense from any old mediocre toff so long as they tell you its all the fault of immigrants.
Absolute nonsense. Exports went off a cliff between January and December. You clapped out clowns will believe any old nonsense from any old mediocre toff so long as they tell you its all the fault of immigrants.
Ah, the great Tory defence, we're sh*t but not as sh*t as the others
Guy Fawkes ?
Boost exports by 60%, join EU, what a no-brainer that would be (given that they're 40% down)..
And what EU laws and regulations exactly prevented us from exporting to Asia?
Asking because in 2019 Germany exported to China three times what we did.
Asking because in 2019 Germany exported to China three times what we did.
We just need to find a way to move the Far East over here so it's just that bit closer and happy days........
Why don't you bother to research to see if what you are saying is true or not before posting a comment?
It is the rapid growth of (Mostly) China's trade with us for why that figure has been falling. It is NOT because of the EU failing or declining in in terms of trade in any way.
Yet again, a confused Brexiteer that doesn't understand the situation at hand and making factually incorrect claims.
It is the rapid growth of (Mostly) China's trade with us for why that figure has been falling. It is NOT because of the EU failing or declining in in terms of trade in any way.
Yet again, a confused Brexiteer that doesn't understand the situation at hand and making factually incorrect claims.
Another chance given by the BBC for all the negative and doomsday merchants to have their say. Any move to encourage trade is to be welcomed and encouraged. Too much anti British sentiments expressed to. If you don't like it here you can always migrate to one of your favoured destinations.
Momentum are still lurking in the shadows and in Bristol in plain sight. Ready to create chaos and sow the seeds of discontent.
They have no answers of course, only whinging, like comrade Corbyn.
They have no answers of course, only whinging, like comrade Corbyn.
Perhaps you should emigrate to a country where the state broadcaster is full of good news.
Such as North Korea.
Such as North Korea.
where are the trade deals that were ready and waiting for the UK after brexit. more tory lies
What is the point of trade hubs if we don't manufacture anything to trade? 80% of the UK economy is derived from Financial Services with the remaining 20% coming from Manufacturing & Agriculture. We should learn from the EU; at least 50% of all car components on imported cars to be manufactured in UK or ALL cars to be assembled in UK. Same for White Goods.
sounds like creating jobs for tory donors
In the UK we have created a system of very lazy capitalism,
Direct nvestment has been lost to the Regions as investment in easy asset profit has been incentivised through measures such as QE to banks, cuts to CGT and CT, stamp duty holidays, etc.
The real problem is how do you now extract the vast amount of capital that resides in asset investment back into the real economy.
Direct nvestment has been lost to the Regions as investment in easy asset profit has been incentivised through measures such as QE to banks, cuts to CGT and CT, stamp duty holidays, etc.
The real problem is how do you now extract the vast amount of capital that resides in asset investment back into the real economy.
"how do you now extract the vast amount of capital that resides in asset investment back into the real economy."
By making it profitable to do so.
You'll know if it happens: JRM< Ratcliffe, Dyson and the rest of the "patriotic" Brexiters will start bringing their money home from abroad.
Don't hold your breath.
By making it profitable to do so.
You'll know if it happens: JRM< Ratcliffe, Dyson and the rest of the "patriotic" Brexiters will start bringing their money home from abroad.
Don't hold your breath.
isn't it boring when remoaners are still whining about Brexit ????
Get over it, its happened now move on & stop living in the past.
Get over it, its happened now move on & stop living in the past.
https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/january2021
'Exports of goods fell by £5.3 billion (19.3%) in January 2021, because of a £5.6 billion (40.7%) fall in exports to the EU.'
This is just the start.
Can you blame people for 'living in the past'? They weren't facing bankruptcy then...
'Exports of goods fell by £5.3 billion (19.3%) in January 2021, because of a £5.6 billion (40.7%) fall in exports to the EU.'
This is just the start.
Can you blame people for 'living in the past'? They weren't facing bankruptcy then...
How can a fall of £5.3bn result from a fall of £5.6bn in exports to the EU?
There was a significant reduction in imports from the EU, which improved our trade balance.
None of this has much to do with the introduction of 4 'trade hubs', which will be disseminating information that is already freely available.
There was a significant reduction in imports from the EU, which improved our trade balance.
None of this has much to do with the introduction of 4 'trade hubs', which will be disseminating information that is already freely available.
Removed
A Tory trading hub in Scotland?
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
The Scots tell the Tories to "do one" again and again at the ballot box.
But they never listen.
They just never know when they are not wanted.
"[Scottish] People voted recently to stay in the UK, so this is 100% the right thing to do."
Bribery. One of the Tories' few skills.
Bribery. One of the Tories' few skills.
The bottom line is, the UK has no natural resources so our industry is based on adding value to IMPORTED parts and materials by sticking them together and selling the result. Having a monetary policy based on evaporating debt by steady devaluation of the pound means: our imports keep getting more expensive, and the margins keep getting smaller. We're simply not competitive internationally.
Really.
In spite of declining levels of UK investment in education, R&D, we do still produce a lot of talent.
The problem is a lot of it doesn't stay here through lack of opportunity and a Regime that tells us experts are useless!
In spite of declining levels of UK investment in education, R&D, we do still produce a lot of talent.
The problem is a lot of it doesn't stay here through lack of opportunity and a Regime that tells us experts are useless!
Another chance given by the BBC for all the negative and doomsday merchants to have their say. Any move to encourage trade is to be welcomed and encouraged. Too much anti British sentiments expressed to. If you don't like it here you can always migrate to one of your favoured destinations.
Justin how did you spot the gap ?
isn't it boring when remoaners are still whining about Brexit ????
Get over it, its happened now move on & stop living in the past.
Get over it, its happened now move on & stop living in the past.
The BBC pension fund investments of £50m each in Amazon, Alibaba and Tencent Holdings, 1 US, 2 Chinese has bolstered investment in UK PLC not.
When taxpayer funded organisations invest outside of UK others think why should we.
When taxpayer funded organisations invest outside of UK others think why should we.
After four years, my UK investment has just about covered its setting-up costs.
But the City Boys are doing nicely, thank you.
But the City Boys are doing nicely, thank you.
No doubt this will be criticised by Welsh government in the usual way, just like freeports were
5m Labour leavers air-brushed out of history.
Problem is, there isn't really anything that these growing Eastern economies want from us. We've no resources, they still do need some precision engineering, but the Germans have pretty much got that covered.
Their only interest in us is as a consumer market for their exports, they can easily undercut us on manufactures on cost and economies of scale.
Their only interest in us is as a consumer market for their exports, they can easily undercut us on manufactures on cost and economies of scale.
Why did we allow the right to do this to us ?
More concerning is that 32.7% of the adult population didn’t bother making the effort to cast any vote; a fall of 1.5% on the previous turnout. But the U.K. is a democracy ....
Get over it.
Wales is not a 'region'. It's a country, a nation in its own right. So is Scotland.
It’s a principality.
Technically Wales is a Principality, Ulster is a province & Scotland is a Kingdom but I take your pedantic point
Yes Wales has just under 3 million People the size of a small City ..... AND WE WANT INDEPENDENCE ..... lol
Another chance given by the BBC for all the negative and doomsday merchants to have their say. Any move to encourage trade is to be welcomed and encouraged. Too much anti British sentiments expressed to. If you don't like it here you can always migrate to one of your favoured destinations.
Would that be the 'partner' who wants to stop exporting life saving vaccines to the UK???
Was it all taken front end ?
The biggest natural resource any country has is expertise. We have plenty.
In the UK we have created a system of very lazy capitalism,
Direct nvestment has been lost to the Regions as investment in easy asset profit has been incentivised through measures such as QE to banks, cuts to CGT and CT, stamp duty holidays, etc.
The real problem is how do you now extract the vast amount of capital that resides in asset investment back into the real economy.
Direct nvestment has been lost to the Regions as investment in easy asset profit has been incentivised through measures such as QE to banks, cuts to CGT and CT, stamp duty holidays, etc.
The real problem is how do you now extract the vast amount of capital that resides in asset investment back into the real economy.
"how do you now extract the vast amount of capital that resides in asset investment back into the real economy."
By making it profitable to do so.
You'll know if it happens: JRM< Ratcliffe, Dyson and the rest of the "patriotic" Brexiters will start bringing their money home from abroad.
Don't hold your breath.
By making it profitable to do so.
You'll know if it happens: JRM< Ratcliffe, Dyson and the rest of the "patriotic" Brexiters will start bringing their money home from abroad.
Don't hold your breath.
Another chance given by the BBC for all the negative and doomsday merchants to have their say. Any move to encourage trade is to be welcomed and encouraged. Too much anti British sentiments expressed to. If you don't like it here you can always migrate to one of your favoured destinations.
After four years, my UK investment has just about covered its setting-up costs.
But the City Boys are doing nicely, thank you.
But the City Boys are doing nicely, thank you.
Of course. And there are ongoing platform charges, adviser charges, and any other charges they can dream up but try not to tell me about...
Wales is a Nation we have our own Language and Traditions, the English should go back to Schleswig Holstein
Removed
I wish to report that the BBC has become Racist by calling NI Wales and Scotland Regions, they are Nations, smacks of English bias and crap , and a kick in the teeth for Devolution, this Government will reap a bitter harvest with this load of tripe.
Don't you think this Country has suffered enough.
All that I can see that Trust has achieved so far is to roll over EU deals, and to roll-over to whatever potential trade partners want (Japan, Brazil, etc.).
All that I can see that Trust has achieved so far is to roll over EU deals, and to roll-over to whatever potential trade partners want (Japan, Brazil, etc.).
"Secretary of State for International Trade Liz Truss said on Tuesday that the hubs would be located in Edinburgh, Cardiff, Belfast and Darlington."
Nothing for the "red wall" Northern towns? Now there's a surprise (not).
And what ever did become of the Northern Powerhouse?
The Tories: gilt-edged flim-flam.
Nothing for the "red wall" Northern towns? Now there's a surprise (not).
And what ever did become of the Northern Powerhouse?
The Tories: gilt-edged flim-flam.
Nothing for "red wall" Northern towns? Where do you think Darlington is?
Gotta throw imaginary crumbs to the peasants.
Basically they want to try and reinforce the Union, although I can't understand why. And Darlington? Have you ever been there?
It’s a principality.
That is totally nether ends, Devolution has certainly worked in Wales and I can prove it, I am a Farmer who uses the Government in Wales for Information because I cannot get anything out of DEFRA or its Ministers, I have been given all and more in Help and assistance, with the roll out of the incompetent Brexit rules, I was a Tory for 43 years, many in Wales are like me ready to go for INDY