Nigel Farage and Stephen Hunsaker: Why isn't the UK increasing trade after Brexit?
ฝัง
- เผยแพร่เมื่อ 4 ต.ค. 2024
- UK trade tracker Q4 2023
The UK in a Changing Europe trade tracker is now being produced quarterly and in a new format. The new format trade tracker will focus on three key areas: UK trade and its performance relative to historical data; UK trade in a global context and how it compares to the G7; and finally, newsworthy developments which have occurred within trade in the last quarter.
In the Q4 2023 edition, the trade tracker looks at how UK trade measures compare to 2019 as well as the proportion of total UK trade with the EU. In addition, the tracker looks at the UK’s trade balance and trade openness compared to the G7.
Lastly, the tracker summarises the proposal for an independent UK Board of Trade, and explores what impact it could have and how likely we are to see its creation in the next year.
uk shot itself in the foot because of brexit. Deal with the consequences
The question is do you want to be a nation or a province
@@06rtmwe were a nation in or out of the eu. Nigel doesn’t have a scooby doo about global business
@@neilanderson2374 If you have no authority over your border then its not a nation
@@06rtm so you didn’t have to show passports when coming in the country when we were in the EU? We were never in Schengen please get your facts right
@@neilanderson2374 We have less control over our borders, standards and policies now then we did while part of the EU. Whats the point of being a nation if you are a vassal state?
According to the well informed World Bank and the equally well informed IMF, India, Indonesia, Russia and Brazil will have larger economies than the UK by 2024. Pushing the UK down the GDP rankings to 9th largest economy. The overwealming cause of this epic decline is Brexit.
this is not true... did you mixed up the size of UK economy and real gdp growth? ruzzia should not and will never be better than UK...
This is absolutely true, this is not an opinion, it is documented in the IMF report and the Worldbank website. Look it up, it is also in statistica@@Beliefish
Brexit is and always was going to be a disaster for the UK. Utterly pointless act of self harm with no benefits whatsoever based on a pack of lies perpetrated by charlatans.
@@Beliefish sadly it’s true. All the Brexiteers are ignoring our hastening manufacturing decline.
We are screwed unless we go back into the single market
@@neilanderson2374 no, sorry, it is mathematically impossible for this statement to be true. ruzzian gdp is smaller than italy, let alone UK.
I would be really happy to know what reaserch did he or you read on this, because it sounds like fake news...
Even Nigel is finally waking up to the unmitigated disaster of brexshit..
amazing
I knew before referendum that we will still have a trade surplus, but having UK even more dependent on us is really... funny
As if the world would be waiting for the UK to exploit growth markets. Guess what: the EU and its member states do not only trade with themselves but also with countries all over the world. Standards put into place by the EU very often become de facto global standards. And services, well, take a close look at all the business that will move from London into EU financial centers in this year and in 2025.
In summary then Nigel, you should have left things as they were.
UK has left things pretty much as they were but have also given themselves room to start expanding globally as the EU shrinks. FTA's need to be better and not rushed out to silence those questioning Brexit as Hunsaker here alludes to. CPTPP will take years to really boost trade. UK-EU trade covers that time for now.
@@jimwest7107What was stopping UK companies expanding globally before?
I used to work with a Technical Service company, but the UK service engineers found they could not travel using tourist visa waivers. Ask musicians. Services are not as easy as they sound. Any service that requires onsite support will need a local service support network with people with the correct immigration status for each market
1:18 ‘We’ve inherited some’ .
‘Some’? By far the most and the most valuable. The Australia trade deal is a really excellent deal . . . for Australia, not for the UK, not at all.
1:26 ‘Our trade with the EU hasn’t been damaged at all’
It has been damaged, because trade hasn’t grown as much as it would have grown as an EU member.
The LSE data reckons weve had a 15% drop in exports GLOBALLY, not just EU, where comparable G7 countries exports have recovered post covid. Is that because we've got worse market access outside the SM ? Or a supply chain thing ? Regardless, its not great
Would love to see Farage go to campaign in one of the Fishing towns, that he loved so much a few years ago, i think he would get a lot of free milkshakes...
I’ve seen the anger from some of those fisherman, I think he may get more than a milk shake..
All countries around the world trade with their nearest countries. We had the biggest trading block in the world on our doorstep and we’ve put up barriers.
@@paullarne China and the USA are not a trading block, and as for the BS PP, it’s worth 2% of GDP over a 10 year period at best
the EU is a sinking ship. Russia at it's doorstep, overrun with migrants that they refuse to integrate they'll return to Nazism, which will crash they're economies.
To argue that the EU consists of merely 15% of world trade is extremely misleading. Sure a big chunk of world manufacturing is now in China and North (and South) America have huge markets, but the UK is still dependent upon European trade because that's where we are in the world geographically.
And UK trade with the EU is now effectively at the back of the queue behind the 27 EU member states, because the UK's third country WTO rules are a PITA for EU businesses, so they will trade with the rest of the EU first and then the UK last.
Is 15% of world trade... in one block with unified rules and regulations, the highest standards of living on the planet and 20 miles away...
South America have huge markets, but they are not going to buy from UK...
The simple fact is the rest of the world are catching up with the mature markets of The West. As a result the size of the pie is growing rapidly as markets and consumers in Asia and Africa are better able to ‘consume.’
This does not mean that The EU shrinking it’s proportion to 15% is a bad thing, what it means is that it at least maintains, and at best and more likely, increases it’s levels of wealth within its borders. The EU is not shrinking it’s wealth, the rest of the world is merely catching up.
The only place where wealth is haemorrhaging is The UK and Farage’s brexit is the main reason
EU is bigger economy than India, Russia, Japan, UK and Canada COMBINED. That's 450 million people in the EU with a bigger economy than 1,8 BILLION people in India, Russia, Japan, UK and Canada. There are other aspects that i won't even mention. (Like the fact that EU got same GDP PPP economy size like the USA at around 25-26 trillion dollars, and that EU got bigger gold reserves than USA and China COMBINED). Any way, whatever the EU is in the global economy the UK with it's 3-3,5 trillion dollars of the economy is just a statistical error. P. S. EU got GREAT trade deals with South America, Japan, Canada, etc.
There's isn't 27 States its one.
It's the foorth rike.
@@swangelok
And if we stayed we wouldn't have sold a single thing.
Cope harder
that's right nigel - lets start exporting kangaroo's to australias asap
I hate Faridge like I’ve never hated someone before.
We in the EU27 🇪🇺 love him. He did more for the EU 🇪🇺 than any EU politician ever could 😅.
Brexit disaster
The true blue British bulldogs were so envious of the superior eastern European workforce that arrived to save our industries, that we happily exchanged places with them. Now, the poorest people in Poland are far better off than the poorest people in England. And now that food will be in quite short supply due to border checks beginning in 2024, our overweight, under educated better off subjects will now lose weight more easily and can brag about the great success of the glorious world beating Brexit ration book system of food distribution that will be required to prevent upheaval and disorder at the supermarket checkouts from 2024 onwards
@@Buckets1000 Is this a GB news comment section? Why are up you lot not believing everything farrage is saying?
Better off being in EU then ?
The UK has nothing to trade. We will always get a deal that doesn't benefit us.
Oh dear Nige - not a lot love for you in these comments. Has the Halo slipped old fellow.
Lies vs reality, brexshit means brexshit
Fartage the grand waffler!
Honest Nigel...one of the liars that convinced slugs to vote for salt.
Still early days . Things will keep getting worse for UK.
Lol. The devil gives more advice😂
Which of these 'new' markets export products produced to a sufficient quality, volume and desirability for British consumers? European products tend to be of the highest quality. We must rejoin the EU to keep environmental regulations, consumer protections and worker benefits as they have been.
Leaving the EU has proven that the Tories don't think UK consumers should have the same rules and regulations of the EU: i.e. we can reduce them. Right-wing governments by their very nature continually want to increase profits by treating workers and consumers as afterthoughts.
Brexit only 4 years old, give it another 5 years and check again.
The growth is with countries growing from a very low base.
If I have a GDP of £1,000,000 and next year it's £2,000,000, I have huge growth but I'm still a tin pot economy
Trust me people. You'll never see a UK that can compete with the rest if the world.
As a Brexiteer I found Hunsaker very fair here, didn't dispute the EU is shrinking either.
In order to trade, you must be able to have something worth trading with. The uk does not have raw materials, manufacturing and sadly due to lack of investments will not have r&d for much longer......once ( and would happen soon) the financial sector loses its market
dominance the union ( uk) would be f ed
The pound is weak and still nothing moving , farm, fish , small businesses looking at oblivion that fog.
Anything we produce will be undercut by other countries.
If trade with the EU is stagnant in monetary terms, then the volume of goods & services sold to EU customers has fallen, because of inflation.
Yeah, well, it's because of rules of origin.
Farage never understood, UK goods aren't that good which means countries outside the EU don't want your product.
EU trade is up as its close and fits a sector or Europe at that price point, but it makes no sense shipping a good thousands of miles across the globe.
People need to stop obsessing over GDP and the economy. It represents a healthy country AS A BUSINESS. And GDP has been almost constantly increasing. Yet the country is falling apart and people are poorer than ever in recent memory. Our economy and GDP model doesn't serve to improve the lives of people. It serves to make rich people and businesses richer. That wealth does not and never will trickle down to the people or services.
It just staggers me that people listen to this clap trap and think it affects them.
Is it because Brexit was always an abysmal idea?
Farage the leading UK political clown.
Trade deals are not the same as a single market.
You guys are still blaming immigrants 😂
Now we are outside the EU, the whole country is totally despondent. You need a feel-good factor to grow the economy and make new business.
And some people continue to listen to this man...
Breaking News: The new trade deals are not spectacular and will serve to help the other paty in the deals more than the UK. You cant make it up.
It's terrible to say but, It's sometimes funny to watch some Brexiteers politician doing all in the wrong way but doing it confidently. But to be honest, it is Even more funny, when they succeed
According to the May 2023 HoC research library report on U.K. exports U.K. is oriented away from the EU since 2007 . Specifically its proportion of trade with the EU has declined YOY from 54% in 2006 to 41% at the time of the report. This character is incorrect.
If Nigel Farage surprised? I don't this that Nigel Farage understand a shyte of what he talks about... but he get media attention..
Why are we turning to Yanks for expert opinion?
Trade with the EU just costs more, trade with the rest of the world is more vunerable to many factors as we have seen recenly.
We don’t make anything,services don’t provide quality jobs.Our manufacturing used to be nearly 25% but it’s now down to 11%.Leaving the EU killed oure main trade partner.
Brexit leaders: we don't need the EU. Reality: the economy is going down.
He tries hard to spin Brexit as a good thing
Still peddling the old cliff edge saga?? Those very pessimistic predictions were all for the moment of a no trade agreement with EUrope!
Guess what - there was a trade agreement, it is called TCA.
Worth diddly squat
Arrrr Nigel saved his BS until right at the end.
Chap on the left sounds suspiciously American...
Because he is.
Total load of rubbish. All talk but no facts........ Yippee.......
2:40 🫠
Doom and gloom, give it a rest, you will all be booking up your summer holidays soon