Tuesday, December 13, 2016

Trump Boost To UK Economy?

UK possible big winner.

Trump’s election is a huge fillip to those in the UK who campaigned for Brexit.
He is openly hostile towards the EU and, having backed the Brexit vote, warned that his presidency would offer "Brexit plus, plus, plus."
His antipathy to the trade deals with the Pacific countries and the EU also means that TTIP is now as dead as a dodo, while Britain would be ‘at the front of the queue’ to negotiate a trade deal with the US.
Suddenly the UK has more leverage in international trade talks and, perhaps, a slightly stronger hand to play in negotiations that will follow the triggering of Article 50 next March.
It is striking to compare the glum post-election reactions of Angela Merkel and Francois Hollande with that of Boris Johnson, Theresa May’s foreign minister and jester-in-chief, who on Thursday called on "fellow Europeans to snap out of this doom and gloom and whinge-a-rama."
Lord Marland, David Cameron’s former trade envoy, thinks that a UK-US economic partnership would be an easy win for both May and Trump.
“Both countries will be looking for quick-fix partners post these events and I have no doubt that Trump, whose mother was born in Scotland ... will be looking very favourably on economic relationships with the UK,” he said on Friday.

Uncertainty is certain

There is an argument that Theresa May and her Brexit ministers are getting over excited about making friends with the new boy. But Trump’s victory vindicates their own campaign strategy.
Barack Obama was no more interested in Britain than he was in the rest of Europe.
It is no surprise to hear fellow Brexit campaigner Iain Duncan Smith enthusing about the prospect of rebuilding the so-called ‘special relationship’ which has been "in the freezer now for about eight years".
If Trump’s election potentially alters the terms of Britain’s exit from the EU, it also poses a wider and more existential problem for the European Union.
The EU is, despite the intentions of Monnet and others, an elite construct, and the politics of elites is under serious attack.
In the meantime, the next target for the anti-politics insurgency must be France.
Only the very brave could now bet against Marine Le Pen becoming president next May.
Benjamin Fox, a former reporter for EUobserver, is a consultant with Sovereign Strategy, a London-based PR firm, and a freelance writer

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