Leaving the Protectionist Union’s 12,651 Barriers to World Trade

The EU’s Common External Tariff comprises 12,651 different taxes and quotas imposed on goods from the rest of the world. This is what the Customs Union amounts to, a protectionist barrier to free trade with the 162 countries outside the EU. Don’t fall for the hype that it reduces trade barriers.

Garlic has a 200% external tariff to protect French farmers, tariffs double the price of sugar cane imported by Tate & Lyle from outside Europe. The policy was designed by the EU to boost beet sugar producers in 19 EU countries – at the expense of companies like Tate & Lyle who use cane sugar instead. Some US jeans face a 26% tariff, shoes face 17% tariffs to protect Italian cobblers. Some agricultural products, e.g. beef and dairy, have very substantial tariff rates, 54 dairy products alone have tariff rates of more than 75%. Just a few examples out of thousands showing how British consumers’ best interests are sacrificed to protect European producers from global competition…

Regional deals tend to divert trade rather than create it. Although they do lower some barriers, most do nothing to tackle the highest tariffs and each deal tends to enshrine the preferences of its largest members, making it harder to bring regional blocks together within a cohesive set of globally liberalised rules. The EU’s Customs Union only liberalises internal trade within the EU. Free trade will allow us to import raw materials from outside the EU at lower cost and without the tariffs designed to prop up inefficient European industries and high cost agriculture. The single market is really an internal market for 10% of the world’s population, the global market is a much bigger opportunity to be seized…

May’s Brexit Plan – Speech in Full

A little over six months ago, the British people voted for change.

They voted to shape a brighter future for our country.

They voted to leave the European Union and embrace the world.

And they did so with their eyes open: accepting that the road ahead will be uncertain at times, but believing that it leads towards a brighter future for their children – and their grandchildren too.

And it is the job of this Government to deliver it. That means more than negotiating our new relationship with the EU. It means taking the opportunity of this great moment of national change to step back and ask ourselves what kind of country we want to be. Continue reading

New European: Leave Voters are “Lager Louts of Europe”

The New European newspaper has been a forum for Remain ultras to grieve – it is the Alastair Campbell / Eddie Izzard version of bonkers Scottish fake newspaper The National. This week it publishes an article by Cambridge University professor Nicholas Boyle branding all 17 million Leave voters “lager louts” and “ruffians”.

“The referendum vote does not deserve to be respected… Like resentful ruffians uprooting the new trees in the park and trashing the new play area, 17 million English, the lager louts of Europe, voted for Brexit in an act of geopolitical vandalism.”

The professor is mistaken on his statistics as well. While 17 million British people did vote for Brexit, only 15 million of these were in England. 52% of Welsh voters backed Brexit, as well as 40% in Scotland. Today’s Order of the OTT is awarded to another academic who proves you can be very clever and also very stupid…

IMF Revises Growth Forecast Upwards Again

The IMF has significantly upgraded its growth forecast for Britain in 2017: it now expects the UK economy to grow by 1.5% this year, up by 0.4 percentage points on its October estimate. It has recorded 2016 growth at 2%, up from 1.8%. The IMF said growth:

Held up better than expected in the aftermath of the Brexit vote.”

Remember, Christine Lagarde said the aftermath of a Leave vote would be “pretty bad to very, very bad”. At least Andy Haldane had the good grace to issue a mea culpa…

Christmas Party on Britain’s High Streets

Britain’s high street retailers enjoyed one of their best ever Christmases “despite Brexit“, a snowstorm of positive trading reports reveal. Marks and Spencer group sales were up 5.9% in the 13 weeks to the end of December, with a 2.3% uptick in like-for-like sales by its previously struggling clothing line (smashing a gloomy 0.5% estimate). Sainsburys had a Christmas cracker with more than £1 billion in sales. Lidl reported yuletide sales growth of 10%. Online clothing firm Asos reported sales were up 36%. The FT writes:

“It’s such a disappointment for the gloomsters. The plunge in sterling after the June vote was going to produce a surge tide of inflation to overwhelm static pay packets. Shoppers would be reduced to window-shoppers and, even though we never believed George Osborne’s silly pre-referendum scare stories, a bleak midwinter loomed for the high street. It hasn’t turned out that way.”

How will Christmas be different after Brexit? No Brussels… 

New Zealand PM Talks Up “High Quality” Trade Deal

Britain’s global trading partners are eager to get cracking…

Clegg “Queen Backs Brexit” Row Not Dunn Yet

Nick Clegg has finally admitted a “grumpy” Queen Elizabeth did attack the EU over a lunch with him, a vindicated Sun reports today. The paper quotes Kevin Maguire’s New Statesman column which disclosed:

“Nick Clegg, who was also at the infamous 2011 Windsor Castle lunch, maintains that Her Majesty was merely grumpy about Europe and regretted the eclipse of the Commonwealth”.

Clegg took to Twitter last night to deny this new line: “I didn’t speak to Maguire and I didn’t tell friends Queen was grumpy.” The Sun‘s political editor Tom Newton Dunn asked why Clegg’s spokesman refused to make that denial on the record, to which Clegg did not reply. Clegg has changed his tune over the paper’s bombshell “Queen Backs Brexit” splash. When the story first broke he said he had “no recollection” of the royal conversation.

Newton Dunn says Clegg later hardened his line at the behest of Cameron spinners to claim the story was “nonsense” and “not true“. Now the New Statesman reports he has admitted to friends the Queen did criticise Europe after all, but he denies it. Coincidentally Maguire’s column also names one Bill Newton Dunn, a former LibDem MEP, as being present at the infamous royal lunch…

EU Faces Funding Cliff Edge

All this talk of Brexit being a cliff edge for Britain ignores the other side of the coin, it is a funding cliff edge for the EU. Excluding Germany, Britain’s contribution is more than the total net contribution of the 26 other EU states combined. Guido will repeat this: add up the debits and credits of every member state from France to Poland bar Germany and it comes to a figure less than Britain’s EU contribution. Britain’s exit will be a massive budget hit to the EU…

Guido has been saying since the referendum that this will be the year world opinion will shift from “What the hell have the Brits done?” to “The EU is in trouble without Britain.” Mark Carney said similar yesterdayWhen negotiating it will be important to remind them that a bad deal or no deal could see the UK stop the flow of pounds immediately. That is the EU’s budgetary cliff edge…

British Influence’s Shameless Single Market U-Turn

British Influence’s arch-Remain boss Peter Wilding has launched a new campaign seeking a judicial review to prevent Britain leaving the single market. Wilding says:

“Britain’s membership of the ‘Single Market’ or European Economic Area (EEA) was not covered in the EU referendum.

[…] Read the rest

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UK Industrial Production Surges, Small Businesses “Confident”

UK industrial production is up 2.1%, way up on a gloomy 1% estimate. The latest figures are for last November and year-on-year the indicator is now +2%. Experts wrong again…

The news comes after the Federation of Small Businesses reported its members confidence had “bounced back” after Brexit.[…] Read the rest

+ READ MORE +

Snapchat Headquarters in Britain, Rolls Royce Rolls Back on Brexit Scares

Snapchat today makes London its main hub outside the US and announces it will book all its non-US sales in Brexit Britain. Remainers had predicted the UK tech sector would be hit particularly hard by leaving the EU, but Claire Valoti, general manager of Snap Group in the UK, said:

“We believe in the UK creative industries.

[…] Read the rest

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80 Days Until Article 50 Trigger Deadline

The clock is running…[…] Read the rest

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Poll Shows No Brexit Buyers’ Remorse

A major untruth told by Remainers since the referendum is that Leave voters have had buyers’ remorse and no longer back Brexit. This fib has been told by, among others, convicted fraudster Denis MacShane in a letter to the FT last week.[…] Read the rest

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83 Days Until Article 50 Trigger Deadline

The clock is running…[…] Read the rest

+ READ MORE +

UK Service Sector Growth At 17 Month High

Britain’s powerful services sector is motoring: the services Purchasing Managers’ Index is now at its highest for 17 months. Services make up 80% of the UK economy and the PMI surge to 56.2, up from 55.2 in November, is a noteworthy uptick in business activity.[…] Read the rest

+ READ MORE +

84 Days Until Article 50 Trigger Deadline

The clock is running…[…] Read the rest

+ READ MORE +



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David David responds when asked if he’s confident he can make a success of Brexit:

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