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Neodym
Channel 4 News
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Comments by "Neodym" (@neodym5809) on "Gove says EU ‘refusing to negotiate’ on Brexit" video.
@Ford Prefect UK businesses will lose all EU trade agreements that cover a good part of the world, there is not a single country the EU trades on WTO terms with. And most countries, including the US, Canada and Japan, already said they are not interested in a trade deal with the UK in case of no deal Brexit. http://ec.europa.eu/world/agreements/Login.do?message=SessionExpired
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@0penminds 90% reduction in car investment, based on the last 6 months, already happened, 1 trillion of assets left the UK, already happened. No predictions, factual data. Yours as well, but yours is of data from two years ago, while mine is from two weeks ago. You can decide for yourself which is more relevant.
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@clivevale New trade deals with Canada, Japan, Singapore, Mercusor, and Vietnam will follow shortly. The EU is steaming ahead in terms of international trade.
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@0penminds There are a lot of tariffs and non tariff barriers, and several services can not be sold to the EU from non EU countries. There is a reason why every major international company (Apple, Amazon, Microsoft, Facebook) requires an HQ inside the EU to do business here, and this is the reason why companies like Sony or Panasonic have moved out of London due to Brexit.
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@0penminds What kind of investment are you talking about? Investment of UK industry is actually contracting: https://uk.reuters.com/article/uk-britain-eu-employers/uk-firms-cut-investment-plans-as-brexit-alarm-hits-new-high-survey-idUKKCN1U20UG UK car industry cut investment by more than 90%: https://www.theguardian.com/business/2019/jul/31/brexit-causes-uk-car-industry-investment-to-crash-to-pitiful-90m Assets worth more than a trillion Dollars are moved outside of the UK: https://edition.cnn.com/2019/01/07/investing/brexit-banks-moving-assets/index.html
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@0penminds "Foreign Direct Investment (FDI) increased 6% in 2017 (the latest available figures) over the previous year," do you even read the articles you post? This was two years ago, while the articles I post are 2 weeks old.
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@0penminds All of them refer to data from 2017/2018, while the articles I posted refer to data from last month.
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@ThePodcastLab A FTA still requires border checks and is therefor no solution for Northern Ireland. Additionally, the UK is not asking for CETA, but CETA+++, as FTAs only give 30% of the access single market membership gives you for your service sector. And the UK is 80% services.
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@richie4561 What about the UK car industry, that exports 80% of its cars, mostly to the EU? 40% of UK exports go to the EU27, only 8% of EU27 exports go to the UK. Just a few things for the UK to think about but then the uk is maybe alredy in a recession.
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@Ian-pm8ll So the UK keeps 14% of its trade deals. You do not want to tell me that this is a good result, do you? As the big EU ones (Japan, Canada, Mexico, South America) are not included.
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@richie4561 With the WA, the UK leaves the single market and therefor the core EU project, including the four freedoms and EU budget contributions. How can this be BINO?
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@Ian-pm8ll As the UK plans to drop most of its tariffs in the event of no deal to soften the fall, why should any country be interested in a Trade deal with the UK? They get tariff free access without having to give the same in return.
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@mogznwaz They do, and they take their tax revenue with them. Also most of their factories and offices.
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