70749
Deal of the Decade!
World Economy

Deal of the Decade!

The EU would be mad to spurn our offer of tariff-free trade and should shake on post-Brexit deal—or be stuck with a £13.2 billion ($16.92 billion) bill, Conservative MP Charlie Elphicke said. The numbers show that it would be an economically illiterate act of self-harm for the EU “to reject our offer and turn down this deal of the decade”, AFP reported. This week the government offered Brussels the deal of the decade. “The offer to continue tariff-free trade after we leave Europe is a great deal for the EU,” he said. For tariffs would hit Europe’s exports to Britain twice as hard as they would hit British exports to them. “Today we trade as part of the EU’s Customs Union. That means there are no tariffs or trade barriers between Britain and the EU. The EU are the winners from this. They sell us £240 billion of goods every year. In return, we export just £144 billion to them. They sell £96 billion more goods to us than we sell to them.”

 

Short URL : https://goo.gl/YpUhjV
  1. https://goo.gl/59Ys5w
  • https://goo.gl/2esgc1
  • https://goo.gl/ZQxa8W
  • https://goo.gl/XXwxVw
  • https://goo.gl/nRDdhm

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus