No deal with the EU means Britain will be 156 Billion a year better off

Created on: 12th October 2017

Should the intransigent dictatorial stance on the EU chief negotiator Michel Barnier does not change, the British Government will have no alternative but to walk away from these talks with their heads held high. 

It seems that both the Prime Minister and the David Davis have bent over backwards in offering concession after concession, with little in return. This is totally unacceptable and just confirms why it takes so long to get a trade deal with any non EU Country. 

Therefore The EU and the UK may need to start planning for a “no deal” scenario if the pace of the Brexit negotiations does not speed up, the president of the European council has said.

In a direct response to Theresa May’s statement in the House of Commons on Monday, in which she said the British government was preparing for talks to fail, Donald Tusk admitted the negotiations were floundering.

He ruled out any chance of “sufficient progress” on the financial settlement, citizens’ rights and the Irish border being made by a European council summit on 19 October, which would have allowed wider trade talks to begin, as originally planned.

the impasse continue past Christmas, both sides might need to move into an emergency footing to address the consequences of failing to reach a deal.

Former British Chambers of Commerce director John Longworth has issued “a Brexit fight back” after Remainers have tried to capitalise on the hung parliament election result to claim that Theresa May’s vision of a clean Break with the EU is “dead”.

The annual boost - worth around a third in growth for the British economy - would continue for at least 12 years as Britain’s economy is transformed by throwing off the shackles imposed by Brussels.

It is the equivalent of adding the entire NHS and defence annual budgets back into the UK each year. He pointed out that just three measures; deregulation, the reinvesting the net UK contribution to the EU, and removing external tariffs to the rest of the world imposed by the EU, would amount to a 7.2 per cent boost to our economy, between £120 and £150 billion.

The boost to the economy includes 4 per cent  of GDP from removing EU tariffs to the rest of the world, 2.5 per cent from scrapping EU red tape and 0.7 per cent from Britain’s net contribution of more than £10 billion to Brussels.

Currently, the 7.2 per cent total is worth an extra £156 billion a year.

Posted by Amanda Hopkins

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