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Post by vinny on Jul 3, 2024 13:49:54 GMT
Despite in many cases, tariffs, exports to the Commonwealth in 2022 were worth £83 billion, and imports from it, were worth £74 billion.
According to the Australian diplomat and former High Commissioner to the United Kingdom Alexander Downer, FTAs normally triple the trade between nations.
If Downer's theory is correct, then development of the Commonwealth into an FTA could potentially result in that £83 billion becoming £249 billion a year. At any rate, development of the Commonwealth towards becoming an FTA could lift millions of people out of poverty and would help steer them diplomatically away from dictatorships.
Worth trying?
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Post by Saint on Jul 4, 2024 13:01:38 GMT
'Average earnings per year in the Commonwealth is about $3,600. The average price of a car exported from the UK is £20,600. How many are they going to buy?
There are 52 countries in the Commonwealth. The UK is the richest. The Second richest is India, with a population of 1.3 billion (earns about 4 dollars per person per day). They won’t be buying many Nissan cars. Canada 38 million. If you take out Australia and Canada from Commonwealth GDP figures, it’s even less thant 3,600 dollars per year. The remaining 48 countries of the commonwealth (which include Pakistan, Nigeria, Malaysia, and Singapore), TOGETHER HAVE A SMALLER GDP THAN THE UK'
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Steve
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Post by Steve on Jul 4, 2024 18:23:49 GMT
Despite in many cases, tariffs, exports to the Commonwealth in 2022 were worth £83 billion, and imports from it, were worth £74 billion.
According to the Australian diplomat and former High Commissioner to the United Kingdom Alexander Downer, FTAs normally triple the trade between nations.
If Downer's theory is correct, then development of the Commonwealth into an FTA could potentially result in that £83 billion becoming £249 billion a year. At any rate, development of the Commonwealth towards becoming an FTA could lift millions of people out of poverty and would help steer them diplomatically away from dictatorships.
Worth trying?
No Well not unless you can name a Commonwealth country that has similar labour costs to ours. Otherwise you're just arguing for sending British jobs overseas. As for that trebling that's because FTAs are usually between adjacent countries and guess what the significant commonwealth countries aren't. |
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Post by vinny on Jul 4, 2024 18:30:50 GMT
They don't all produce the same things we do and we had great trade relations with the Commonwealth before we foolishly joined the EEC.
Besides, it's a huge population with a lot of need for development. If we don't help them develop, others will exploit them.
Develop the Commonwealth, help them become wealthy, and they can help us destroy the BRICS and ruin Putin.
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Steve
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Post by Steve on Jul 4, 2024 18:38:05 GMT
We had such great relations did we, that's amazing as before we joined the EEC we were an economic basket case in no small part because the Commonwealth started buying Datsuns instead of our Austin 1100s
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Post by Saint on Jul 4, 2024 20:19:12 GMT
They don't all produce the same things we do and we had great trade relations with the Commonwealth before we foolishly joined the EEC. Besides, it's a huge population with a lot of need for development. If we don't help them develop, others will exploit them. Develop the Commonwealth, help them become wealthy, and they can help us destroy the BRICS and ruin Putin. Would you be so eager if the British monarch weren't the head of the Commonwealth? If the role of head of the Commonwealth rotated between dignitaries in the member countries, would you be so enthusiastic? Sounds to me like someone's nostalgic for empire. |
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Post by vinny on Jul 4, 2024 20:41:28 GMT
Such an economic basket case that we were a net exporter and the top economy in EFTA.
It was when we joined the EEC that everything turned sour and prices soared.
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Steve
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Post by Steve on Jul 4, 2024 23:19:58 GMT
Such an economic basket case that we were a net exporter and the top economy in EFTA. It was when we joined the EEC that everything turned sour and prices soared. So how come we had to be bailed out by the IMF so many times, how come we were always having a balance of trade crisis and of course devalued in 1968? |
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Post by vinny on Jul 5, 2024 8:18:57 GMT
Labour spending more than tax provides.
And we required a bailout after the Brown boom.
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Steve
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Post by Steve on Jul 5, 2024 20:50:48 GMT
Labour spending more than tax provides. And we required a bailout after the Brown boom. No we did not. No IMF loans, no EU loans and no Commonwealth loans given to bail us out |
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Post by Zany on Jul 5, 2024 20:54:54 GMT
Labour spending more than tax provides. And we required a bailout after the Brown boom. Government borrowing was lower after Brown than it was after Major. |
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Post by Zany on Jul 5, 2024 20:58:16 GMT
They don't all produce the same things we do and we had great trade relations with the Commonwealth before we foolishly joined the EEC. Besides, it's a huge population with a lot of need for development. If we don't help them develop, others will exploit them. Develop the Commonwealth, help them become wealthy, and they can help us destroy the BRICS and ruin Putin. I would love us to help the commonwealth develop just because its the right thing to do. Don't need extraneous reasons. |
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Post by vinny on Jul 5, 2024 22:30:06 GMT
Labour spending more than tax provides. And we required a bailout after the Brown boom. Government borrowing was lower after Brown than it was after Major. When Kenneth Clarke left Number 11 Downing Street, the economy was in surplus. When Gordon Brown left Number 11 it was in deficit. At the start of 2001 the economy was in surplus. He ignored economists and pissed it up the wall. |
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Steve
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Post by Steve on Jul 5, 2024 22:46:34 GMT
Government borrowing was lower after Brown than it was after Major. When Kenneth Clarke left Number 11 Downing Street, the economy was in surplus. When Gordon Brown left Number 11 it was in deficit. At the start of 2001 the economy was in surplus. He ignored economists and pissed it up the wall. Ran out of other people's money to spend |
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Post by vinny on Jul 5, 2024 23:14:10 GMT
Yes, he did.
Deficit spending as a short term emergency measure is one thing, deficit spending permanently is foolhardy.
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