Comments by "Nigel Johnson" (@nigeljohnson9820) on "Prepare for no-deal: Johnson says UK must ready itself for an ‘Australia-style’ trade deal" video.

If there is no deal, then the UK should look again at the blackmail content of the withdrawal agreement. The EU cannot expect control of the fixed assets of an independent country, namely control over UK coastal waters. Commentators have made a point in saying the EU position has not changed, that means it has refused to compromise in any way. Why should the UK be the only one expected to compromise?
3
if insults is the limit of your argument you have lost.
1
@frankthetank5708 that would be surrender your coastal water, agree to adopt EU laws and directives, be judged by the ECJ, and not attempt to compete with the EU. There is no chance the independent sovereign UK can agree to these terms,which may be summed up as unconditional surrender. Then again you might have ment the misnomer that is the EU four freedoms.
1
@frankthetank5708 not a chance. Let's see you try and apply these rules to China trade. The UK is an independent state. It is free to set its own standards. There is no reason for them to be lower than the EU, but certainly different and under the control of the UK government. I want UK standards to exclude imports from the EU. The EU fore "freedoms" no longer apply to the UK. As for state aid, it is a UK government decision as to what support it offers to UK industries, which have been decimated by years of EU membership. The French and the Germans support their industries, and there is the little matter of the support offered to air bus and French railway. The UK can easily find a way around such problems by buying a share in the companies they wish to support. Certainly those currently suffering from reduced trade due to covid are ripe for a government buyout. The UK government should certainly not be supporting foreign owned companies that have taken control of UK assets. This is a golden opportunity to regain UK control by taking shares in these companies. EU citizens residing in the UK are governed by UK law alone, if they do not like that they can always return to the EU. The UK internal markets bill will ensure free movement of goods and services between all UK member states, that includes Northern Ireland.
1
@frankthetank5708 you do not know if the UK will be competitive with higher standards. The EU certainly seems very concerned that the UK will be competitive with the EU, and wants to set rules to bind the UK so it can't compete. There is no reason why EU citizens in the UK should be treated any differently to any others. While in the UK they are governed by UK laws only. China may make products to sell in the EU market to EU rules and standards, but that does not mean EU standards apply in China or are written into Chinese law. No doubt when they sell to the US, the products they sell comply to US standards, though in the case of China, product standard compliance is a selling feature more than a safety feature. The CE mark on Chinese products sold into Europe, may not meet EU CE marked safety standards, as CE also means Chinese Export. We can speculate if the CE mark was introduced by China just to avoid having to submit Chinese products for EU safety tests.
1
@frankthetank5708 the trade deficit is all the more reason for EU products to be excluded from the UK market, now the UK is free of the EU local suppliers should be given a chance to meet the demand. High tariffs on EU imports should make that happen. The CE sign is the safety approval mark of the EU as well as indicating Chinese Export. Many products imported from China have the CE mark, but have never been tested for safety, for example USB chargers that are live or have a tendency to burn or explode.
1
@frankthetank5708 the loss of value of the pound is not something the EU would want, because it would make the UK an ideal place to move EU industry. It would certainly make the UK more competitive. The UK has only been in the grip of the EU parasite for forty years. There is no reason why it cannot function outside the EU. The EU is so worried about this possibility, it is desperately trying to retain control over the UK. A low value pound would certainly reduce EU imports and devalue EU assets in the UK, making ideal targets for renationalisation. The UK could go down the route of being a tax haven for EU cash.
1
@frankthetank5708 actually the Germany economy has benefited from the low value of the euro. Germany is exporting it's industry to cheaper places in Europe.
1
@frankthetank5708 the EU is just a microcosm of globalisation, production moves to where it is cheapest and least regulated. The products are then sold to the wealthiest regions. The profits are largely kept by the facilitators of the trade. So Germany will slowly lose its wealth, but not to the poorer regions, but to the super rich elite who facilitate the trade. Maybe like Switzerland used to do, the UK will hold their wallets. Globalisation is evil in all its forms. The future will be better if the smaller sovereign state re-emerges. The UK needs to become more self sufficient and productive again, this did not happen within the EU, leaving will force it on the UK economy. It is clear that EU membership was detrimental to the UK. In the long term we are better free of it.
1
@frankthetank5708 Switzerland didn't really have a choice, given that it is surrounded by EU member states. The UK should now reevaluated the WA, and keep the blackmail cash.
1
@frankthetank5708 the EU will not be able to control the flow of cash as much of it is held by multinationals, and the EU has proved hopeless in controlling their activities. The EU will soon find that the HQ of these companies is very mobile. After all, Ireland is used as such a post office box because of its tax policy. The EU have not been able to close that loophole.
1
@frankthetank5708 the UK does not lack the legal expertise, it lacks the will to do anything about the multinationals. Too many make their money from it. The UK banks facilitate the movement of funds, and the city have all the experts tax advisers needed to avoid paying UK tax and EU tax for that matter. The free movement of capital makes it easy.
1
@frankthetank5708 I was refering to the wealth of the country not a few individuals. The UK became a nation of consumers, and the middle management did very well out of it, but at the cost of the UK'S true wealth. It is possible to live well on the sale of assets, until there aren't any more assets to sell.
1
@frankthetank5708 excluding covid 19 exceptions, debt has been higher in the recient past, but UK government imposed austerity measures to reduce the debt. Unfortunately the UK could not live on the sale of assets much longer, it has little remaining to sell. That is one of the reasons the UK must leave the EU. It can no longer afford to be a member. It's decline in wealth can be tracked back to the point it joined the EU.
1
@frankthetank5708 so you are saying that a negative trade balance is consistent with a positive performance. How exactly did the UK pay for the trade imbalance, if it did not use the money from asset sales and a growing debt? The imports were not free of charge.
1
@frankthetank5708 even taking into account services, the UK still has a negative trade deficit. The problem is that the UK has sold its means of production, rather than the products it produces. Membership of the EU prevented the UK from protecting its producers, it also forced government contracts to be offered to all member state producers.
1
@frankthetank5708 the financial sector has proved a double edge sword. In the good times the financial sector want to keep the profits from their risky activities, in the bad times, they want the tax payer to bail them out. This was evident in the last financial crash. You suggested that UK borrowing was low until four years ago, this most likely correlates with the cost of bailing out the banks. EU financial laws failed to stop this risky behaviour of control the iniquitous behaviour of the hedge funds and asset strippers. Many viable companies have fallen pray to asset strippers, who borrow to buy a company, strip its assets, and transfer the purchase cost onto the company's balance sheet, leaving no choice but to declare bankruptcy. This is legalised theft.
1
@frankthetank5708 brexit will have as much of an effect on the UK government as the change of EU regulations. The UK government will not be able to behave in the way it did. There will be no money in it for anyone.
1