The scumbag 'nasty party' promised us cheaper food after Brexit

As some of us knew then - this was 'Pie in the sky' and there is now evidence to justify our scepticism !!!



Cost of living gains from Brexit trade deals illusory, say experts
Even with a successful EU free trade deal and new accords with other countries, the prices faced by British consumers are ‘unlikely to fall’

What would happen to prices if the government did manage to conclude a free trade deal with the EU in time?

(PA)
The general cost of living of UK households is unlikely to fall in the wake of Brexit and could well rise, experts have warned.

The government has suggested that new trade deals from next year will lower import costs, with the Department for International Trade recently suggesting the price of soy sauce in Britain is set to come down because of the new UK-Japan trade agreement which kicks in on 1 January.
But analysts warn that if the UK fails to secure a free trade deal with the European Union average prices faced by many British households are likely to go up rather than down.

They also stress that even if a deal with Brussels is concluded ministers are exaggerating the potential cost of living benefits from future new trade deals with countries outside the EU.

The argument made by many Brexit supporters is that the EU is actually “protectionist” when it comes to many agricultural imports and that by leaving the EU’s customs union the UK will be able to benefit from cheaper imports of foodstuffs ranging from meat, to fruit, to sugar.

While it’s possible some products could become cheaper in UK shops as a result of lower import tariffs from next year, this effect would almost certainly be swamped, in a no-deal Brexit scenario, by the upward price impact of new tariffs the UK would be forced to impose on food imports from the EU, the source of around a quarter of the UK’s food.

Research by the UK Trade Policy Observatory (UKTPO) at the University of Sussex has found that tariffs on EU dairy and oil imports could push prices up by around 8 per cent.

Meat tariffs could push prices up by 6 per cent and fruit and vegetable tariffs might increase prices by 3-4 per cent.

Some have urged the UK to unilaterally drop all import tariffs from 1 January in order to deliver a windfall of lower prices to consumers.

Yet the UKTPO has found that even this so-called unilateral free-trade approach would only result in a roughly 1 per cent fall in the price of affected imported goods.

Separate analysis by the Institute for Fiscal Studies (IFS) found a similarly small effect.

“The reason the benefits were lower than people might expect is that the EU’s external tariff isn’t as high as people think,” says Peter Levell of the IFS.

“We also spend less than we think on actual goods. When you buy a tin of baked beans the price you’re paying is less the commodity than the transport and the storage and the marketing.”

In any case the government has decided against unilateral tariffs reductions next year.

Britain’s new “Global Tariff”, lodged at the World Trade Organisation in May, outlines the import charges that the UK would impose on every item from third countries with which UK does not have a trade deal.

Some tariffs are lower than the EU’s Common External Tariff, such as the zero import charges that would apply to items such as dishwashers, paints and baking powder.

Yet the government has largely retained the EU’s import tariffs on agricultural products such as lamb, beef and poultry in order to shield UK farmers from cheaper global competition and to retain negotiating chips for future trade deal talks with the likes of the US, Australia and New Zealand.

The benefits of trade deals are supposed to manifest as lower prices to consumers

Peter Levell, IFS
Unilateral tariff reductions would give other countries no incentive to reduce their own tariffs to UK exporters in these talks.

This leaves the question of what would happen to prices if the government did manage to conclude a free trade deal with the EU in time and also to roll over the EU’s various trade agreement from which the UK currently benefits.
Experts warn that, even then, there could be price increases because of new border bureaucracy and checks which would be passed on to consumers.

A study by analysts at Warwick and Bristol universities published earlier this year found some experts anticipate food prices rising by 6 per cent even if there is a Brexit deal.

“The benefits of trade deals are supposed to manifest as lower prices to consumers,” says Peter Levell of the IFS.

The problem is that most experts are doubtful over how much genuine scope there is for the UK to achieve substantive tariff-reduction deals with other countries such as China and the US that would compensate for the increased cost of trade with the EU.

 

Just like ever bodies gripes and moans about Brexit, this is all ifs, buts and maybes, more boring Remoaning

 

And your evidence to contradict the 'experts' is ???

 

You seem to be forgetting that it is imports that are taxed, not exports, Although their is no tax on food, we still add VAT on items imported from the EU

I personally do not think that it will make much difference to our food prices, since items such as milk that we import largely from Ireland will largely be the same.
It will give us the opportunity to import from the former British colonies. such as grain from Canada, but transport is likely to offset any savings. People forget that all countries produce to meet their export markets, so new deals that a large enough to affect their production will not happen overnight.

All that I hope is that we do not import raw chicken from the US Unless they are running around cackling on the ship, the meat will need to be chlorinated. NASTY!!!

People seem to forget that most of the current damage to our economy is a result of sending billions of pounds down a one way street to China. THAT is the problem that should be addressed.

Hopefully the money that we save on our EU membership will be put to good use, since at the moment we are funding eastern Europe.
We joined the EEC, not the EU which today is like a dinosaur strangled with red tape.

PS, how about you arranging some deals with your old friends in Russia, we could all drown our sorrows in vodka, Alcohol also kills covid and that powerful Russian vodka would soon polish the little devils off.

 

Oh really ??? I think perhaps you ought to read this then, since your rose tinted spectacles about Brexit - might need to be cleaned a little more !!!



Canada’s Justin Trudeau says trade deal with UK may not be done
Canadian PM suggests London lacks ‘bandwidth’ to get agreement finalised by end of year

Andrew Woodcock
Political Editor
@andywoodcock
13 hours ago


Canada’s prime minister, Justin Trudeau, has cast doubt over the UK securing a trade deal with his country by the 31 December Brexit deadline, which is necessary to avoid punitive tariffs.

Mr Trudeau said Britain was struggling to conclude an agreement rolling over the terms of the existing EU-Canada deal, and suggested that London does not have “the bandwidth” to get it done on time.

Canada is the largest of 15 EU deals that the international trade secretary, Liz Truss, has yet to roll over, with less than 50 days to go until the UK leaves the EU single market and customs union.

This transition will also mean the UK falling out of all free trade agreements that it enjoyed as a member of the EU, moving onto lowest common denominator World Trade Organisation terms for any that are not rolled over in time.

Trade experts told The Independent that failure to complete the rollovers could disrupt as much as £80bn worth of imports and exports through the imposition of tariffs and quotas.

Canada is the UK’s fifth largest bilateral trade partner, with exports totalling £10.7bn in 2018/19.

Trade deal with US under Biden will not be a ‘pushover’, admits PM

• UK and EU make one more push for elusive Brexit trade deal

Mr Trudeau told the Financial Times that the two countries were “on the edge of having an agreement” but said that “one of the challenges is bandwidth”.

“I know that rolling over and demonstrating free trade deals for the UK government is extremely important,” said the Canadian PM.

“Canada’s a really easy one. We’re there for it. We’d like to do it. So I’m very hopeful that it’s going to get done but that really is up to the UK government because we’re there for it.”

Trudeau said that the Canadians “know how to negotiate trade deals”, having struck FTAs with every other G7 country and signed the Ceta deal with the EU in 2016, which removed most tariffs on trade.

He said he had offered assistance to the UK, which has relied on the EU for its negotiations since 1973.

“The UK hasn’t had to negotiate trade deals in the past few decades,” he said. “So there is an issue of not really having the bandwidth within government to move forward on this.”

However, an aide to Ms Truss denied the UK lacked the capacity to do a deal.

“The core elements of the deal are agreed, there’s just a few things to iron out,” the aide told the FT. “A deal is there to be done. Bandwidth isn’t an issue at all.”

The UK is separately seeking a “Canada-style” zero-tariff, zero-quota deal with the EU, but the latest round of negotiations is expected to end without a breakthrough in London today.

 

T

The same place your evidence is, in the great media book of hearsay and rumours

 

The question is: Who do you believe - the scumbag 'nasty party' who have continuously lied through their teeth. or 'experts' who have knowledge, experience and information about such matters at their finger tips. I know who I would rather believe, and it ain't those lying bastards in Downing Street.

 

Perhaps you are forgetting that when we joined the EEC, we really did the dirty on Canada.
It does not surprise me in the least that they are now making us squirm and eat some humble pie.

However, at the end of the day, it is money that shouts loudest.
I have never suggested that leaving the EU won't give us a bumpy ride.