Monday, 10 July 2017

Mark Wallace: dim as they come.

In a tragic display of credulousness Mark Wallace of Conservative Home retails his understanding of trade. He says that "Part of this trend for cherry-picking supposed facts to construct such a story involves the myth that the United States and others have somehow gone off the idea of striking trade deals with the UK, one of the world’s largest economies, after Brexit. That’s why the positive reports to the contrary from the G20 are important – as per the Sunday Times:
‘After talks with the prime minister at the G20 summit, the US president pledged to strike a trade deal “very, very quickly” after Britain leaves the EU.

Trump said it would be a “very, very big deal, a very powerful deal” that would be “great for both countries” before confirming that he was planning to come to Britain…
In a coded swipe at her mutinous ministers, May said China, Japan and India also wanted to do deals. “I held a number of meetings with other world leaders at this summit and have been struck by their strong desire to forge ambitious, new bilateral trading relationships with the UK after Brexit,” she said. “This is a powerful vote of confidence in British goods, British services, Britain’s economy and for British people.”

A senior government source said: “The president made clear that he believed the UK would thrive outside the EU.”’
Yesterday from we get a pretty decent idea of why a speedy US-UK deal is not going to happen. Of course, I would go further in pointing out that any deal has ramifications for EU trade because of the inherent risk conflicts, and even in the best case scenario a US-UK deal will come to little because of the inherent differences in regulatory culture.

Course this is nothing at all new to readers of this blog or anyone who reads outside the self-referential toryboy circle-jerk. That's why trade analysts are laughing at little boys like Wallace.

Meanwhile I'm taking flack on Twitter from Iain Martin among other toryboy hacks because I'm a big meanie to them. Apparently one is supposed to be appropriately respectful to foaming zealots who want to wreck the economy as fast as possible. That way they will drop everything and adopt your ideas. So I'm told.

It would seem that if you prick their fragile little egos they will ignore your point, even if the economy depends on Tories growing up and getting to grips with the issues. I suppose the poor little snowflakes must still think it's all about tariffs. After all this time they've still learned nothing. Still, must be difficult reading a book on trade with a toryboy dick in your mouth (figuratively speaking?). But that's what it takes to make it in the bubble. Can't let reality get in the way.

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