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What does an increase of 0.01% of GDP get us?

(34 Posts)
Whitewavemark2 Wed 16-Jun-21 07:41:45

Being hailed as a new dawn by Johnson, it seems from the little that has been put into the public forum, Australia has gained far more than the U.K. from this deal.

It is centred almost entirely on goods with the intention of eliminating tariffs over the next 15 years.

It will save each U.K. consumer 52p per year.

Under 35s can extend their holiday visa without having to work in Australia.

Farms will be protected by a cap on tariff free imports for 15 years.

Nothing has been said about the importation of hormone fed beef or animal welfare.
More than 30 active substances are allowed for example on sugar cane that are illegal in the U.K. e.g. paraquat
Antibiotics are used as growth promoter. Banned in U.K. 16 times more in use for poultry and triple in pogs.

Tariffs on wine will be eliminated saving 7-8p a bottle .

No vote on deal by parliament. But deal will be scrutinised once done.
Democracy seems to have a different meaning in the U.K. to how it is generally understood.

For Australian farmers it is a big win.
For U.K. farmers it is a big lose. It is expected that many farmers will go to the wall.

All for the sake of adulterated meat.

vegansrock Wed 16-Jun-21 12:26:56

This is a much better deal for Australia than it is for us. We are accepting lower standard- enjoy.
Australia allows battery hens, hormone injected beef, animals to be transported in intense heat for 48 hours with no water or food, mulesing, no cctv in abattoirs , ALL of which are illegal in the U.K. , but we don’t mind because we are so desperate for any trade deals with anyone we are prepared to throw our farmers under the Brexit bus.

Whitewavemark2 Wed 16-Jun-21 12:15:50

The EU has said that the Australian deal has reinforced its intention over the NI protocol.

It does not want adulterated food entering the SM.

JaneJudge Wed 16-Jun-21 11:25:20

farmers in my true blue agricultural country have even taken to local facebook to air their fury shock

Whitewavemark2 Wed 16-Jun-21 11:23:55

Welshwife

I think the point is that the British farmers and fishermen had a good European export market on the doorstep. It will be far more difficult to export the same quantity and the same products to OZ .

Not forgetting the increased emissions.

Bloody madness.

Welshwife Wed 16-Jun-21 11:19:00

I think the point is that the British farmers and fishermen had a good European export market on the doorstep. It will be far more difficult to export the same quantity and the same products to OZ .

MaizieD Wed 16-Jun-21 11:18:09

If anyone eats tofu or drinks soy milk they would ingest more hormones than from eating hormone fed beef anyway.

Interesting.

Can you explain why, Callistemon?

Callistemon Wed 16-Jun-21 11:13:00

Kali2

I will admit I have not done the calculations myself- but it is claimed that you would need 40 OZ deals to cover the loss of EU market.

The whole thing is just madness.

Well, that's very good news in one way, then Kali2 - it means that there is absolutely no need for British farmers to be fearful of Australian imports because the impact will be minimal in comparison.

Callistemon Wed 16-Jun-21 11:08:43

Casdon

There’s quite a demand for British goods in Australia to be fair, not least from the 1million+ Brits who have emigrated there.

Yes, there is.

Not every piece of beef on a supermarket shelf in Australia is adulterated - in fact most is not.
There is no reason to suppose that any that comes into the UK will be either.

I do wish people would stop scaremongering about Australian food.

If anyone eats tofu or drinks soy milk they would ingest more hormones than from eating hormone fed beef anyway.

PippaZ Wed 16-Jun-21 10:43:11

MerylStreep

I hate to intrude on the pity party but isn’t it wonderful news coming out of Sunderland ????
All the doom mongers posting here are the same ones who predicted that 1,000s would be out of work because of brexit.
Wrong again.
As you were ?

Do you think calling people "doom mongers" actually makes a wider set of people read the information you are trying to share or is it that you are always rude to the people you are talking with?

MaizieD Wed 16-Jun-21 10:34:45

I fear to paddle in these ultra partisan waters but I understand trade deals are one of the few areas where Parliamentary approval is not required in the UK.

True, Cunco and my error.

However, for the past 40+ years the UK has not made independent trade deals; all deals being made by the EU, but such deals are subjected to scrutiny in the EU parliament. which has "extensive powers of scrutiny, including oversight of the negotiations, and a debate and vote on the trade agreement before it is ratified". (quoting from the introduction to this paper: www.geg.ox.ac.uk/sites/geg.bsg.ox.ac.uk/files/2020-09/GEG%20WP%20144%20Ripe%20for%20reform-%20UK%20scrutiny%20of%20international%20trade%20agreements_0.pdf )

In which case, trade deals undertaken by the EU have been subject to scrutiny by our elected representatives (MEPs) but are now no longer subject to such scrutiny.

Whitewavemark2 Wed 16-Jun-21 10:09:11

Kali2

I will admit I have not done the calculations myself- but it is claimed that you would need 40 OZ deals to cover the loss of EU market.

The whole thing is just madness.

I thought they said 2000 deals on newsnight

Kali2 Wed 16-Jun-21 09:27:40

I will admit I have not done the calculations myself- but it is claimed that you would need 40 OZ deals to cover the loss of EU market.

The whole thing is just madness.

25Avalon Wed 16-Jun-21 09:08:53

Alegrias1

The Nissan Skills Foundation has been in existence since 2014

Nissan want investment from the government for their battery factory.

Sorry should be Skills Foundation. Nissan are saying every school child in Sunderland will be able to take part.

I appreciate Nissan want Govt backing to set up their battery factory, but looks very promising.

Whitewavemark2 Wed 16-Jun-21 09:07:46

This is a real danger

"We don't have all the details so far but judged in terms of exports it looks to be a fantastic deal for Australia," said Dmitry Grozoubinski, a former trade negotiator for the Australian government and director of Geneva-based trade consultancy ExplainTrade.
"The deal immediately provides significantly better access to the UK market than Australian producers of beef, lamb and dairy enjoyed in the past, and only ramps up from there," he told CNN Business. "We have far fewer details on what the UK managed to extract by way of concessions in exchange, however."

Whitewavemark2 Wed 16-Jun-21 09:05:24

The biggest risk imo, is that Johnson will give away too much in any trade deal in his rush to make up the shortfall resulting from Brexit.

GrannyGravy13 Wed 16-Jun-21 09:04:33

I listened to Liz Truss being interviewed this morning and the figure of 0.01% was raised.

She pointed out that it is the flat figure at the moment during Covid and is set to rise in the coming years.

Whitewavemark2 Wed 16-Jun-21 09:01:05

25Avalon

You’ve been reading The Guardian again.The deal is not just about farmers which has already been discussed on another thread at great length. Interestingly enough Mary Quick of Quick’s cheese was on the radio and said Australia was her biggest customer although her cheese is much more expensive than theirs at the moment, but with the tariffs off she thinks it will be good for her company.

Financial, legal and professional services will probably benefit the most with the tariffs removed as that is something we do well. Cars, Scotch whiskey, biscuits, confectionary and ceramics will be cheaper to sell so increased trade prospects there.

Yes increased trade by 0.01%.

It is thought that the rushed deal of allowing adulterated products into the U.K. will set a precedent to allow other low standard food fromMexico and USA amongst others.

There has been no formal impact assessment done, on the impact of those industries which will be directly affected.

Cunco Wed 16-Jun-21 08:59:18

I fear to paddle in these ultra partisan waters but I understand trade deals are one of the few areas where Parliamentary approval is not required in the UK. I think democracy is pretty well understood in the UK although it is open to debate how far it has operated for at least the last 50 years.

Alegrias1 Wed 16-Jun-21 08:51:30

The Nissan Skills Foundation has been in existence since 2014

Nissan want investment from the government for their battery factory.

25Avalon Wed 16-Jun-21 08:37:32

Nissan are also setting up the Nissan School’s Foundation to introduce more youngsters to the auto industry. Apparently every school child in Sunderland will be offered a place. They are also looking to set up electric battery production in Sunderland which is surely good news for the North East which has been a deprived area for so long. Also good news for another deprived area, Cornwall, where there are good prospects for extracting lithium for the batteries. Not all gloom and doom!

Alegrias1 Wed 16-Jun-21 08:31:23

The 24,000 jobs are across the supply chain, not at Nissan. There are 7,000 existing jobs at Nissan across the UK which are not being lost.

Big Brexit news: Good news! Things are staying exactly the same as they were for car manufacture!

mokryna Wed 16-Jun-21 08:28:52

It will save each U.K. consumer 52p per year but what will it save for climate change and the planet?

seamstress Wed 16-Jun-21 08:24:41

1000s of jobs have already been lost - are all those Hull fishermen and Kent farmers going to work in Sunderland? Farmers have advertised for Brits at higher wages and got zero responses.

25Avalon Wed 16-Jun-21 08:22:04

Farmers and horticulturist in Kent and Lincolnshire are short staffed. Although EU workers are permitted the pandemic has affected travel which has contributed to the shortage. These farmers are now having to offer higher wages, up to £20 per hour, which is good for our workers over here who have been on minimum wage for so long. Maybe more youngsters will now be attracted to work in agriculture. It does mean prices which have been kept artificially low by the supermarkets may increase. We’ll all be eating Granny Smith’s next!!

MerylStreep Wed 16-Jun-21 08:18:23

I hate to intrude on the pity party but isn’t it wonderful news coming out of Sunderland ????
All the doom mongers posting here are the same ones who predicted that 1,000s would be out of work because of brexit.
Wrong again.
As you were ?