OT Cummings Press Statement

Negotiations will go down to the last minute, but there is no last minute.

If the deal isn't done in time for Jan 1st, it could another 3,6,9 months or more. There's no rule saying that the deal has to be done this year or never.

What does no deal mean anyway? It means that an average of around 5% will be added to the cost of uk goods in the EU, but our goods are already 10% cheaper than 2016 because of the devaluation of the pound. It means that EU goods will be more expensive here, maybe people will buy British more. The government will gain more income through these tariffs, which because we're not subject to EU rules, can be used to subsidise British companies exporting to the EU.

Much is made of the seamless supplies we get from the EU and how this will fall apart. This will be overcome by planning, we currently get supplies from all over the world without any problems and they take weeks to be shipped here.

This is typical of the scaremongering crap we constantly get through the media. Take this weekend for example, we told that the R number has gone above 1 in the North West and we've got to close everything down.

Let's take a balanced look at the facts, ONE agency out of TEN has estimated the R to be 1.01 in the North West. Have you ever seen the R figure estimated to an accuracy of 0.01 before? Anyway, are we ignoring the other 9 agencies who say that it is lower than 1?

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Originally Posted by Ram59

Negotiations will go down to the last minute, but there is no last minute.

If the deal isn't done in time for Jan 1st, it could another 3,6,9 months or more. There's no rule saying that the deal has to be done this year or never.

What does no deal mean anyway? It means that an average of around 5% will be added to the cost of uk goods in the EU, but our goods are already 10% cheaper than 2016 because of the devaluation of the pound. It means that EU goods will be more expensive here, maybe people will buy British more. The government will gain more income through these tariffs, which because we're not subject to EU rules, can be used to subsidise British companies exporting to the EU.

Much is made of the seamless supplies we get from the EU and how this will fall apart. This will be overcome by planning, we currently get supplies from all over the world without any problems and they take weeks to be shipped here.

This is typical of the scaremongering crap we constantly get through the media. Take this weekend for example, we told that the R number has gone above 1 in the North West and we've got to close everything down.

Let's take a balanced look at the facts, ONE agency out of TEN has estimated the R to be 1.01 in the North West. Have you ever seen the R figure estimated to an accuracy of 0.01 before? Anyway, are we ignoring the other 9 agencies who say that it is lower than 1?

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It's just hot air scare mongering again.
Switzerland isn't in the EU. Yet it exports five times more per capita to the EU than the UK.
America, Canada, Autralia all managed to increase their exports to the EU without giving an inch, to the demands the EU is trying to con us into.
There are no tariffs on Iceland and Turkey. They are extremes in geography.
The lying and posturing never stops.

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Originally Posted by Ram59

This is typical of the scaremongering crap we constantly get through the media. Take this weekend for example, we told that the R number has gone above 1 in the North West and we've got to close everything down.

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Have to agree with much of that, Ram. The media repeatedly exaggerate, while politicians lie - typified unfortunately by the PM and his chief aide - and the result is that the public no longer have a clue about matters from Brexit to the need for social distancing to the truth about the ‘R’ number and testing.

Truth and trust have been sacrificed on the altar of expediency.

I’m sure scientists hold the answers as far as the pandemic is concerned, but it is interesting that more and more of them seem to be distancing themselves from the ‘daily briefing’.

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Originally Posted by ramAnag

Imo, the worry is why Johnson has protected Cummings and not sacked him.

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Didn't Boris work with Cummings' missus at, was it, the Spectator? I wonder how much dirt she has on him?

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Originally Posted by MadAmster

Didn't Boris work with Cummings' missus at, was it, the Spectator? I wonder how much dirt she has on him?

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Yes you are right MA in fact at one time all three worked together .

[QUOTE=Trickytreesreds;39507291]Of course not. We will.
But do you think it will be a good idea to piss money up the wall, bailing out 20+ countries that will never pay it back?
O'yearh, that's sound economic policy.
They have already tried to fleece us out of an extra 250 odd million. We sign that extension and kiss your recovery good bye.
They need that deal more than us. They are on their arse.
If you think Barnier is in the driving seat, then Rooney must have the head of hair of a sloth in your eyes mucker.[

Barnier is very much in the driving seat he has his hands firmly round the throat of our financial service industry Michael Grove is the only one with the intelligence to see it He has agreed we may have to pay the EU excessive tariffs and certain fishing rights to protect our financial services

Quite right Mista, and our financial services are the life blood of our invisible earnings stream. It may have been easy to get round the basic passporting aspects via subsidiaries still in the EU (eg Ireland, Cyprus, Luxemburg etc) as little more than paper homes, but that does not altogether get around the commercial problems that the EU can create. Solvency requirements are more or less consistent across the EU, but that does not mean that tariffs could not be applied to create competetive edges for EU financial service companies.

I find myself agreeing (for once in a long time) with rA that we cannot finalise an agreed detailed exit plan whilst the distraction of covid still hangs around taking (rightly) 100% of all countries' governmental focus. This leaves us with the chestnut of delay (in unprecedented conditions) or no deal exit once again looms. The whole process will take several years even after the magical day of 31-12 (and thats just sorting VAT out!) so is it really crucial to jump when unprepared?

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Originally Posted by Geoff Parkstone

Quite right Mista, and our financial services are the life blood of our invisible earnings stream. It may have been easy to get round the basic passporting aspects via subsidiaries still in the EU (eg Ireland, Cyprus, Luxemburg etc) as little more than paper homes, but that does not altogether get around the commercial problems that the EU can create. Solvency requirements are more or less consistent across the EU, but that does not mean that tariffs could not be applied to create competetive edges for EU financial service companies.

I find myself agreeing (for once in a long time) with rA that we cannot finalise an agreed detailed exit plan whilst the distraction of covid still hangs around taking (rightly) 100% of all countries' governmental focus. This leaves us with the chestnut of delay (in unprecedented conditions) or no deal exit once again looms. The whole process will take several years even after the magical day of 31-12 (and thats just sorting VAT out!) so is it really crucial to jump when unprepared?

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Geoff I agree with all that But afraid most of the population don't understand how our economy is reliant on the finance sector I just hope we are bluffing about not going for an extension , because by the Autumn there is going to be really high levels of unemployment due to Covid . If we are to then walk out with a no deal we will be heading into a real depression and all the problems that causes to people at the bottom of the ladder

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Originally Posted by Geoff Parkstone

I find myself agreeing (for once in a long time) with rA that we cannot finalise an agreed detailed exit plan whilst the distraction of covid still hangs around taking (rightly) 100% of all countries' governmental focus. This leaves us with the chestnut of delay (in unprecedented conditions) or no deal exit once again looms. The whole process will take several years even after the magical day of 31-12 (and thats just sorting VAT out!) so is it really crucial to jump when unprepared?

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‘Back atcha’...as I believe the young folk say...and as you say, ‘for once in a long time’. Too long!

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Originally Posted by ramAnag

‘Back atcha’...as I believe the young folk say...and as you say, ‘for once in a long time’. Too long!

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Hey, you cant be wrong all the time!!