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Who Does The UK Trade With Most? - Data Dive
 
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With Brexit coming up so soon it's important to consider who the UK actually trade with. Which countries does the UK export the most of their goods and services to and who does the UK rely on for imports? What Happens If The UK Gets No Deal?: https://goo.gl/5mQ1H7 Brexit Explained Playlist: goo.gl/8VNcEi EU Single Market Explained: https://goo.gl/eRLvoY EU Customs Union Explained: https://goo.gl/UKjjjd EU Free Trade Area Explained: https://goo.gl/ZbukzP Hard Brexit Explained: https://goo.gl/FaLjvD Like Us On Facebook: https://www.facebook.com/TLDRnewsUK
Views: 74168 TLDR News
U.K.'s Most Important Trading Partner Is U.S., Says Consul General Phillipson
 
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Mar.18 -- Antony Phillipson, British Consul General to New York and the U.K. director of international trade for North America, discusses the path forward for trade with the U.S. after Brexit. He speaks to David Westin on "Bloomberg Markets: Balance of Power."
Batten: "EU's biggest trading partners don't seem to have a problem with customs"
 
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"EU's biggest trading partners are Russia, China and US, they don't seem to have a problem with the customs" says UKIP leader Gerard Batten as Theresa May's encouraged to extend #Brexit transition for 'Max Fac' trade deal. Like what you see? Please subscribe http://youtube.com/RTUKnews FOLLOW ON TWITTER: http://twitter.com/RTUKnews FOLLOW ON FACEBOOK: http://fb.com/RTUKnews READ MORE http://rt.com/uk/ WATCH LIVE: http://rt.com/on-air/rt-uk-air/
Views: 8171 RT UK
Canada's Major Trade Partners
 
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This video highlights factors Canada considers when choosing suitable trading partners; and highlights the current major trading partners.
Views: 12497 Jason Richea
Brexit BUMMER: UK has rolled over just £16bn out of £117bn trade deals
 
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Of the 69 countries with which the European Union has trade agreements the United Kingdom has so far established new deals with... only seven countries. The government’s push to roll over EU trade deals from which the United Kingdom currently benefits has yielded agreements covering only £16bn of the near-£117bn of British trade with the countries involved. Despite frenetic efforts by ministers to ensure the continuity of international trade after the UK leaves the EU on 29 March, the international trade secretary, Liam Fox, has so far only managed to secure deals with seven of the 69 countries that the UK currently trades with under preferential EU free trade agreements, which will end after Brexit. Fox’s department has yet to sign agreements with several major UK trading partners – including Canada, Japan, South Korea and Turkey – while sources have said that sufficient progress is unlikely to be made before the Brexit deadline in less than 50 days’ time. Although the government announced a trade continuity agreement with Switzerland earlier this week, covering goods worth more than £14bn, most of the goods deals it has secured so far are worth far less to the United Kingdom. #Brexit #LiamFox #UnitedKingdom #EuropeanUnion
Views: 11740 ProductiehuisEU
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1038226 CrashCourse
The U.K. And World Trade Organization Agree On A Post-Brexit Deal | TIME
 
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Britain has struck its first deal through the World Trade Organization for a post-Brexit world, inking plans to stay part of a market for lucrative government contracts with dozens of trading partners. Subscribe to TIME ►► http://po.st/SubscribeTIME Get closer to the world of entertainment and celebrity news as TIME gives you access and insight on the people who make what you watch, read and share. https://www.youtube.com/playlist?list=PL2EFFA5DB900C633F Money helps you learn how to spend and invest your money. Find advice and guidance you can count on from how to negotiate, how to save and everything in between. https://www.youtube.com/playlist?list=PLYOGLpQQfhNKdqS_Wccs94rMHiajrRr4W Find out more about the latest developments in science and technology as TIME’s access brings you to the ideas and people changing our world. https://www.youtube.com/playlist?list=PLYOGLpQQfhNIzsgcwqhT6ctKOfHfyuaL3 Let TIME show you everything you need to know about drones, autonomous cars, smart devices and the latest inventions which are shaping industries and our way of living https://www.youtube.com/playlist?list=PL2862F811BE8F5623 Stay up to date on breaking news from around the world through TIME’s trusted reporting, insight and access https://www.youtube.com/playlist?list=PLYOGLpQQfhNJeIsW3A2d5Bs22Wc3PHma6 CONNECT WITH TIME Web: http://time.com/ Twitter: https://twitter.com/TIME Facebook: https://www.facebook.com/time Google+: https://plus.google.com/+TIME/videos Instagram: https://www.instagram.com/time/?hl=en Magazine: http://time.com/magazine/ Newsletter: time.com/newsletter ABOUT TIME TIME brings unparalleled insight, access and authority to the news. A 24/7 news publication with nearly a century of experience, TIME’s coverage shapes how we understand our world. Subscribe for daily news, interviews, science, technology, politics, health, entertainment, and business updates, as well as exclusive videos from TIME’s Person of the Year, TIME 100 and more created by TIME’s acclaimed writers, producers and editors. The U.K. And World Trade Organization Agree On A Post-Brexit Deal | TIME https://www.youtube.com/user/TimeMagazine
Views: 2011 TIME
UK update: China vital as a trading partner, Carney to dramatize a Brexit?
 
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David Buik, Senior Market Commentator for Panmure Gordon, joined Zak Mir and Alan Green on the Tip TV Finance Show to discuss the Chinese President Xi’s visit to the UK, and the situation concerning Carney and a Brexit. UK too far behind the curve – China vital as a trading partner Buik noted the arrival of Chinese President Xi, and was quick to highlight the importance of China as a trading partner as it is the 2nd largest economy in the world. He then commented on the UK economy, and outlined human capital as a problem in our developing economy. Buik believed that the writing has been on the wall and that the government have had time to retrain and develop workers skills into the 21st century, but instead we are largely behind the curve. He finished my expressing that 40% of the UK’s resources were put into the EU and the result has been largely counter-productive. Buik urged the importance for the UK to take advantage of the available trading partners, and he highlighted China and the Commonwealth as key areas to develop trading with. Brexit – what are the chances? Buik outlined that he expects Carney to dramatize the situation concerning Britain leaving the EU. Buik himself urged that leaving the Union isn’t death and destruction, and the government would be able to deal with a Brexit positively. He highlighted that the BoE needs to have a contingency plan, which Carney doesn’t want to do, Buik commented that he would prefer to keep the status quo before he leaves 2 years down the line. Tip TV Finance is a live video show, broadcasted weekdays from 10 am sharp. Based in St Paul's, in the heart of the City of London, Tip TV prides itself on being able to attract the very best quality guests on the show to offer viewers informed, insightful and actionable infotainment. The Tip TV Daily Finance Show covers all asset classes ranging from currencies (forex), equities, bonds, commodities, futures and options. Guests share their high conviction market opportunities, covering fundamental, technical, inter-market and quantitative analysis, with the aim of demystifying financial markets for viewers at home. See More At: www.tiptv.co.uk Twitter: @OfficialTipTV Facebook: https://www.facebook.com/officialtiptv
Views: 210 Tip TV Finance
UK looks to new US gov't as trading partner in post-Brexit
 
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As the world adjusts to possible changes in global trading under a Trump U.S. Presidency, the government of post-Brexit Britain is paying particular attention to developments. Once the UK leaves the European Union, the country will be free to set up its own one-to-one trade deals with other countries around the world. CCTV's Richard Bestic reports
Views: 355 CGTN America
UK-India Trade
 
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The UK and India are huge trading partners with big ambitions for the future. Science and technology are central to our ambitions with joint research growing exponentially.
UK insolvency litigation financing firm Manolete Partners begins trading on AIM
 
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Steven Cooklin, chief executive of Manolete Partners PLC (LON:MANO), chats to Proactive London's Andrew Scott as the insolvency litigation financing company began trading on AIM. Cooklin, a UK Chartered Accountant and a multi-award winning corporate finance expert, founded the company in 2009. The firm has completed investments in over 240 specialist insolvency cases, working alongside insolvency practitioners from all of the ‘Big Four’ accountants through to one and two partner specialist practices in the regions, with case values ranging from £20,000 to £65mln.
EU remains Beijing's largest trading partner for past 14 years
 
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A Chinese official said on Thursday the trade volume between China and the European Union reached over 680 billion U.S. dollars last year. China's former vice minister of commerce Wei Jianguo made the remarks at a seminar on China-EU economic and trade relations in Paris, adding that the bloc has become China's largest trading partner for 14 consecutive years. Meanwhile, the European delegation noted that the Chinese market is more open to the continent. They called on the two sides to enhance dialogue in protecting the multilateral trading system and achieving mutual benefit. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing Tiktok: https://m.tiktok.com/h5/share/usr/6593878228716666886.html?u_code=d1kab7mki4ai6e&utm_campaign=client_share&app=musically&utm_medium=ios&user_id=6593878228716666886&tt_from=copy&utm_source=copy Douyin: https://www.youtube.com/redirect?q=http%3A%2F%2Fv.douyin.com%2F8QTXhV%2F&redir_token=WkBScl40kZbx7ZwJ9M7QhhTjErx8MTU0NTcyMTg3N0AxNTQ1NjM1NDc3&event=channel_description
Views: 653 CGTN
Trading places: Who are the UK and Germany’s biggest trade partners?
 
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Trading places: Who are the UK and Germany’s biggest trade partners?. In brief Germany’s biggest export market is America. Correct, Germany exported €111 billion worth of goods and services to the USA in 2017. Germany’s second biggest export market is China. Incorrect. In 2017 France was Germany’s second largest export market, and China was third. The UK’s biggest export market is Germany. Incorrect. The USA is the UK’s biggest export market. We exported almost £100 billion of goods and services to the USA in 2016. Germany is our second biggest export market at ar...
VN-CHINA LARGEST TRADING PARTNERS STILL
 
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VN-CHINA LARGEST TRADING PARTNERS STILL
Views: 18 BYNTVNews
Trade between developing countries and the UK
 
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Each year, £20 billion of goods are shipped to the UK from developing countries. This trade generates the wealth, prosperity and investment needed to create millions of jobs and help the world’s poorest people stand on their own two feet. Helping developing countries harness the power of trade means we are not only creating trading partners of the future for UK businesses, but supporting jobs at home too. Which is why the UK government has committed to keep duty-free access to UK markets for the world's poorest countries post-Brexit.
How Britain’s breakup could impact global economies, trading partners
 
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C. Boyden Gray, former U.S. Ambassador to the EU, and former Ron Prosor, former Israeli Ambassador to the U.N., discuss the global economic impact of Brexit.
Views: 299 Fox Business
Which country is America's biggest  trading partner?Trading Data1991-2018
 
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America is the world's biggest economy. Which country could be America's biggest trading partner?These figures shown in this video are the sum of exports and imports. if you want to see world's GDP ranking, click this link: https://www.youtube.com/watch?v=QzJAUp0j8xA if you like our video ,please subscribe us https://www.youtube.com/channel/UCvlZ7hNG-azSk6T6IA0wyKA?sub_confirmation=1
Views: 13 CrazyRanking
Trading Partners
 
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Funding from the UK to Indonesia since 1949 has supported the growth and development of the Indonesian nation yet at the same time has been a one way street with all the benefits going in one direction - Indonesia, with no benefit for British Citizens for example Indonesia has contravened human rights laws by creating draconian anti-British Laws in Indonesia to persecute British Citizens and others. Britain has also provided weapons and arms for Indonesia to then Genocide the Melanesians and others. This Movie is a glimpse into some of fraudulent use of British Tax payers money by successive British Governments paying out cash payments into developing the Indonesian economy and infrastructure to create today one of the most extreme racist and draconian anti-Western and British Societies on the planet and yet in 2015 David Cameron gave 1 Billion in loans to Indonesia of British Tax Payers money while some are being Genocide by the Indonesian Authorities in Indonesia! So why does Britain support these barbarian murderers and despots that looks like the start of a new Aztec Empire! *DISCLAIMER* This footage should be viewed as educational. This footage is not meant to glorify. Sharing this footage for the purposes of news reporting and educating. Copyright and 'fair use' disclaimer: This educational video may contain copyrighted material from a number of resources relating to the topic and the use of which has not always been authorized by the copyright owner. We are using this material strictly for educational purposes and believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material used in this video is distributed without profit. The views expressed in this video are also the views of the creator of this video teaching and highlighting human rights to reflect on certain charitable good will issues affecting all humanity.
Views: 106 iAwareNow
Canada Trading Partner - UK
 
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I created this video with the YouTube Slideshow Creator (http://www.youtube.com/upload)
Views: 3 Rick Gormley
Million Dollar Traders - Part 2 | British reality TV Series created by Lex van Dam
 
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You can now join your beloved "Million Dollar Traders" Online Course on www.lexvandam.com! 'Million Dollar Traders' was a British reality television series created by a hedge fund manager Lex van Dam (https://tinyurl.com/ycooh95o) The series was based on the premise that in a very short time period Lex could teach a group of complete beginners how to trade. "I put my money where my mouth was and gave them $1 million to trade with over a period of eight weeks", says Lex. The result was amazing: the group as a whole did better than the professionals over that period. Unfortunately, not everybody had the ability or mental toughness to trade, but what became clear was that you just cannot tell beforehand: the best traders of the group were a soldier, a student, and a 40-year-old mother with two children. Many people have asked us what exactly happened in the 'Million Dollar Traders' training program and what the novices were taught. The Million Dollar Traders Course is available on our website https://tinyurl.com/ycooh95o and includes unique material that was never shown on the TV series and has now been developed into a comprehensive educational program teaching Lex's 5-Step-Trading(R) process applied to stocks, currencies, commodities, technical trading strategies and economic analysis. As you progress through the course you will gain a better understanding of how professional investors like Lex approach the markets and begin to develop your own style of trading using his framework. Crucially you will be equipped to recognize and adapt when market conditions change, and take advantage of trading opportunities that other strategies cannot possibly prepare you for. By the end of the course you will be fully prepared to invest on a personal basis or pursue a career as a professional trader. If you are interested in joining the Academy, get in touch with us at [email protected] Happy watching!
Oxford Professor Ngaire Woods on a Brexit UK's position in Trade deal negotiations
 
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Ngaire Woods, Oxford University, Opinion; Big consequences of Brexit : Some countries can go it alone. The USA has such a big market (and firepower) that it can practically dictate the terms of its trade agreements with other countries. North Korea doesn't need them since it's closed to most of the world. But Britain is (and has been for centuries) an open trading economy. It attracts jobs and investors drawn to this English-speaking doorway to the EU and all its trading partners. If Britain leaves the EU, it will suffer three consequences. First, it will lose foreign investment and jobs because new trade deals take an average of 28 months to negotiate - and that's too much uncertainty, for too long, for most investors. Second, the U.K. will become a rule-taker in trade negotiations. Like Switzerland in its recent deal with China, Britain will have to accept what larger partners have to offer. Third, the U.K. will lose its special access to the 60+ countries with whom the EU has agreements. In a slowing and intensely competitive global economy, these are serious handicaps to creating the jobs Britain needs. --- Ngaire Woods on the UK's trade deals outside of the EU : If everyone in the world believed in the free market as a matter of religious faith Britain might have a chance. But that's not how trade negotiations work... and that's why Britain as part of a European market of 500 million has passed some very successful trade deals with more than sixty other countries. --- Professor Ngaire Woods is dean of the Blavatnik School of Government, and Professor of Global Economic Governance at the University of Oxford.
Views: 9885 Dominic Naylor
'uk is our biggest trading partner!' irish pm put on the spot to 'befriend' brexit britain | News T
 
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'uk is our biggest trading partner!' irish pm put on the spot to 'befriend' brexit britain | News Today Taoiseach Leo Varadkar admitted Britain was vital to the Irish economy but said the UK had caused the problem by voting for Brexit. Mr Varadkar threatened to block the progress of Brexit talks over th...
Views: 2 UK News
Our trade with the UK will 'increase substantially', says Donald Trump
 
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London is hunting for new trading partners around the globe as it prepares for life outside the European Union.… READ MORE : https://www.euronews.com/2019/02/15/our-trade-with-the-uk-will-increase-substantially-says-donald-trump What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Views: 1484 euronews (in English)
Brex-what? Episode 7: How will Brexit impact Europeans?
 
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Subscribe to France 24 now: https://f24.my/YouTubeEN FRANCE 24 live news stream: all the latest news 24/7 https://f24.my/YTliveEN What would be the consequences of the messy Brexit divorce for Europe? The 27 other members of the EU are Britain's closest trading partners, around 20 million European tourists visit every year, and 3.7 million EU citizens currently live the UK. We've heard a lot about what the consequences of Brexit could be for the UK, but what would be the impact on the rest of Europe? Where would the shockwaves of a 'no deal' be felt the hardest ?Will Europeans still be able to hope on the Eurostar and visit London without a visa ? And what are some of the concerns of the 3.7 million EU citizens who've chosen to set up home in the UK. Brex-what ? explains: Brex-what? is France 24's series of explainer videos taking you through some of the complexities of Brexit. From the backstop, to the consequences of 'no deal', and the history of Britain's euroscepticism. It's written and presented by France 24 Senior Reporter Catherine Norris Trent, produced and edited by Valérie Fouace, with illustrations by Adel Gastel. Visit our website: https://www.france24.com Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en
Views: 3752 FRANCE 24 English
Russia by the Numbers: Who is Russia’s Top EU Trading Partner
 
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Subscribe to Vesti News https://www.youtube.com/channel/UCa8MaD6gQscto_Nq1i49iew?sub_confirmation=1 Russia in numbers Who is Russia's main trading partner in the EU?
Views: 1230 Vesti News
China now Australia's largest trade partner, export market and foreign investor
 
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China and Australia have become increasingly interconnected in recent years. The countries raised their relationship to the level of a comprehensive strategic partnership in 2014. China is now Australia's largest trading partner, export market and foreign investor. In education, Chinese students enrolling in Australian universities hit a record high last year with around 50,000 moving to Australia to study. This year marks the 45th anniversary of the establishment of diplomatic ties between China and Australia and is also the China-Australia Year of Tourism. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Twitter: https://twitter.com/CGTNOfficial Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 2188 CGTN
Major Trade Partner of Every Country
 
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This map shows each countries major trade partner. The European Union, China and the United States are the key import sources worldwide. Other important trade partners are Japan, Russia, or Brazil. What do you think makes some countries or regions more successful or important as trading partners as other countries? Picture by Kransky
Views: 645 Joe Hammer
Canada and Post-Brexit Britain
 
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As the United Kingdom edges ever closer to the March 29th Brexit deadline with no deal yet in place, there is uncertainty with allies and key trading partners - such as Canada. Steve Paikin talks to Susan le Jeune d'Allegeershecque, the British High Commissioner to Canada, about next steps.
UK Trade Deficit Widens to Record
 
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Britain's trade deficit grew bigger in the second quarter, reaching £11.2bn compared with the previous three months' £7.8bn reported the Office for National Statistics (ONS), as the export market crumbles under the weight of weakening demand for manufactured goods in emerging markets. Slowing growth in powerhouse non-EU economies such as India and China led to a collapse in new business orders for British exporters, putting Chancellor George Osborne's ambition of bringing the total value of UKexports to £1tn by the end of the decade in serious doubt. Ongoing crisis in the eurozone also helped depress UK exports. "Very hard to take anything positive from this data, it's a big downward surprise," Alan Clarke, Scotiabank analyst, said. "Against the backdrop where our main trading partners, Germany and continental Europe, are very weak, this is no surprise, and the scope for improvement anytime soon is limited." In the second quarter the value of UK exports hit £120.1bn, while imports totalled £131.3bn. Osborne said in his 2012 budget that the export market represents a path to recovery for the UK economy, which slumped to a deeper recession in the three months to June with a -0.7 percent contraction in GDP. He eyed the rapid-growth countries of Asia as the markets with demand potential worth tapping into, but recent GDP data from two of the biggest - China and India - shows that output expansion is falling. India's economy grew at its slowest pace for nine years in the first quarter, while China's output growth slowed to a three year low in the three months to June.  The UK's non-EU exports have decreased by £1.7bn - 13.1 per cent - in June on the month before.
Views: 922 IBTimes UK
Brussels threatens to CRIPPLE UK exports while it demands Britons keep buying European
 
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Brussels threatens to CRIPPLE UK exports while it demands Britons keep buying European European Commission chiefs want to force the UK to remain bound to EU trade agreements after Brexit but without any guarantees the bloc’s partners will reciprocate access for British exports. Insiders say the EU plans to bully Britain by ensuring Europe – and Europe’s trading partners – have unfettered access to UK markets while potentially denying or restricting access for British exports with tariffs. The position presents a potential issue for UK-based companies, such as Jaguar Land Rover, whose exports are required to have 55 percent “Made in EU” content in order to qualify for low-tariff ... HELP US 1.000 SUBSCRIBE Thanks for watching! Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/)
Views: 348 David Davis
UK calls to end Yemen blockade while selling Saudis weapons
 
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Prime Minister Theresa May is swooping into the Middle East to drum up business. Given how desperate Brexit Britain is to hold on to its trading partners, it’s doubtful her pledge to call out Saudi Arabia for its cruel blockade on Yemen will amount to much. MORE: https://on.rt.com/8td5 Like what you see? Please subscribe http://youtube.com/RTUKnews FOLLOW ON TWITTER: http://twitter.com/RTUKnews FOLLOW ON FACEBOOK: http://fb.com/RTUKnews READ MORE http://rt.com/uk/ WATCH LIVE: http://rt.com/on-air/rt-uk-air/
Views: 967 RT UK
How Trade War Happens and Destroys Countries
 
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The US and China is on the edge of full-blown trade war. Why is this happening? Since trade happens voluntarily, it is supposed to be mutually beneficial for both trading partners, but why do countries battle over trade? And why could ending trade be so costly and destructive? Please find out in the video. Subscribe for future videos. https://bit.ly/2HkY1BU Reference: [1] https://data.worldbank.org/indicator/BN.GSR.GNFS.CD?locations=US [2] https://en.wikipedia.org/wiki/Plaza_Accord [3] https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=JP [4] https://books.google.co.uk/books?id=eH6_yj8kWpEC&pg=PA140 [5] https://en.wikipedia.org/wiki/List_of_territories_occupied_by_Imperial_Japan#World_War_II [6] https://comtrade.un.org/ [7] https://en.wikipedia.org/wiki/Voluntary_export_restraint [8] https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_softwood_lumber_dispute [9] https://www.nytimes.com/1985/06/21/business/a-pasta-war-may-be-at-hand.html [10] https://fred.stlouisfed.org/series/DTWEXM [11] https://en.wikipedia.org/wiki/Plaza_Accord [12] https://data.worldbank.org/indicator/BN.GSR.GNFS.CD?locations=US [13] https://data.worldbank.org/indicator/PA.NUS.FCRF?locations=JP [14] https://tradingeconomics.com/japan/gdp-growth [15] http://www.stat-search.boj.or.jp/index_en.html [16] https://books.google.co.uk/books?id=TCXoA8M0qfgC&pg=PA180 [17] https://www.nber.org/papers/w7250.pdf#page=55 [18] https://en.wikipedia.org/wiki/2002_United_States_steel_tariff [19] https://data.worldbank.org/indicator/BN.GSR.GNFS.CD?locations=US https://comtrade.un.org/ [20] https://finance.yahoo.com/chart/000001.SS https://finance.yahoo.com/chart/%5EGSPC [21] http://data.stats.gov.cn/english/easyquery.htm?cn=C01 [22] https://uk.reuters.com/article/china-economy-policy/factbox-china-rolls-out-fiscal-monetary-stimulus-to-spur-economy-idUKL3N1ZL33V [23] https://data.worldbank.org/indicator/tm.tax.mrch.wm.ar.zs https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS [24] https://books.google.co.uk/books?id=_Vs-g5rMzUAC&pg=PA180 [25] https://www.wto.org/english/tratop_e/dispu_e/dispustats_e.htm #tradewar #china #US #USA #PlazaAccord #tariff #DonaldTrump #Trump #LostDecade #stockmarket
Views: 430 Number Story
Huawei software poses a significant security risk, U.K. report says
 
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Huawei Technologies's software has been publicly chastised by a U.K. report for failing to fix long-standing security flaws. The federal government is still trying to decide whether to join some of its security and trading partners in banning Huawei from supplying technology to build a 5G wireless network in Canada. To read more: http://cbc.ca/1.5074972 »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Twitter: http://bit.ly/1sA5P9H For breaking news on Twitter: http://bit.ly/1WjDyks Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
Views: 16774 CBC News
George Friedman: Brexit Is a Vote Against Both the EU and Elites
 
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George Friedman writes the free weekly column "This Week in Geopolitics" (http://www.mauldineconomics.com/subscribe-twig) for Mauldin Economics. Subscribe now and get an in-depth view of the forces that will drive events and investors in the next year, decade, or even a century from now. --- The United Kingdom’s vote to leave the European Union didn’t surprise George Friedman. The geopolitics expert says other EU members might do the same if they could (read more in our free special report on Brexit implications). Nations are tired of Brussels bureaucrats pushing them around. Speaking in a Mauldin Economics video, Friedman said after successfully forcing unwanted policies on countries like Poland, Romania, and Italy, the EU thought the British would roll over, too. UK voters proved otherwise. Western elites, the kind who go to prominent universities and run the EU, know little of the working class. The many London-dwelling “Remain” voters, shocked at the result, said they knew no one on the “Leave” side. That is exactly the problem, says Friedman, founder of Austin-based Geopolitical Futures. Throughout Europe, EU support correlates highly with education level. Elites hold the “uneducated” lower classes in contempt. They can’t comprehend why the ignorant masses might resist elite ideals. Donald Trump’s popularity in the US has similar roots. He appeals to the country’s lower half. Having been economically disadvantaged and culturally marginalized for so long, working-class voters rally around someone they think will represent their interests. The media, because it is largely composed of elites, doesn’t grasp this dynamic and has failed to report it. That’s why they were so surprised the Brexit referendum passed. To Europe’s masses, elite leaders care mostly about other elites. They protect banks and bank shareholders but ignore the massive unemployment in Mediterranean countries. Worse, some elites actually blame jobless workers for their own condition. They mete out punishment with harsh austerity measures like bank “bail-in” policies. This began with the 2013 Cyprus bank crisis when bank depositors, lacking any kind of FDIC deposit protection, had to take large haircuts. Friedman says the contrast could not be clearer, at least outside of Brussels. People know that EU authorities will always protect European bankers from their own mistakes, while punishing EU workers for problems others created. That the masses eventually tired of this treatment should surprise no one. Brexit is simply the latest step in an inevitable process. Friedman thinks Brexit will have little impact on the global economy. The EU did not create the trading patterns between the UK and everyone else. London is the continent’s financial capital because bank clients want it to be, not because the EU decreed it would be so. Germany, France, and Italy have always traded with the UK and always will… no matter what barriers Brussels might try to create. Casting the UK out of the free trade zone would hurt Europe more than it hurts the UK. The UK holds a huge trump card in this game. Its biggest trading partner is the United States, not the rest of Europe. That relationship is secure. Thus, Friedman thinks economic life will continue largely interrupted. This will change only if the EU chooses to hurt itself.
Views: 17522 Mauldin Economics
China retains spot as ASEAN's largest trade partner for ninth year
 
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China has been the largest trading partner of ASEAN countries for the past nine years. Trade volume surpassed 500 billion US dollars last year. That's six times greater than the amount of trade in 2003, when the China-ASEAN strategic partnership was established. Mutual investment over the past 15 years has totaled more than 200 billion US dollars. More than 4-thousand enterprises have been established through direct investment, creating over 300,000 jobs. And personnel exchanges have also risen dramatically. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 184 CGTN
UK firms report weakest growth since April 2013: CBI
 
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British businesses reported their weakest growth in nearly six years during the past three months due to fears of a no-deal Brexit and rising global trade barriers, the Confederation of British Industry said on Sunday. The CBI's index of private-sector activity over the past three months dropped to -3 in February from zero in January. This was its lowest since April 2013, when Britain was still recovering from the global financial crisis. Firms expected similar weakness in the three months ahead, when Britain is due to leave the European Union after over 40 years of membership. Prime Minister Theresa May has yet to win parliament's support for a Brexit transition deal although she has paved the way for a possible delay to Brexit beyond its scheduled date of March 29. "More and more companies are hitting the brakes on investment and day-to-day business decisions are becoming increasingly problematic," the CBI's chief economist, Rain Newton-Smith, said. A survey last week showed manufacturers stockpiled goods by the most on record for any big advanced economy as they prepared for the possibility of border delays after Brexit. The Bank of England predicts Britain's economy will grow by just 0.2 percent in the three months to March and growth in 2019 to be the weakest since 2009, even if Brexit goes smoothly. Britain's trading partners in Europe are facing weaker growth too, due to trade tensions between the United States and China that have hurt global manufacturers. The CBI survey was based on responses from 650 businesses in retail, manufacturing and services.
Views: 2 Stella Hamiltion
UAE CHILE becomes INDIAs largest Trade partners and gets APEC Support
 
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UAE CHILE becomes INDIAs largest Trade partners and gets APEC Support . UAE CHILE to Support INDIA on APEC and Indian Economy . India, UAE compliment each other in areas of business growth . Chile favours India's candidature to APEC former President Eduardo Frei . Liberia in struggle . India and the UAE compliment each other in areas of business growth and the private sectors are ready to support the two governments, a top company executive has said here. The UAE is the 10th largest FDI source market for India with cumulative FDI reaching USD 4.76 billion in the last 17 years from April 2000 till March 2017. India's National Investment and Infrastructure Fund (NIIF) signed an investment agreement worth USD 1 billion with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the agreement, ADIA will become the first institutional investor in NIIF's Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF s investment management company. The move is widely seen as part of the USD 75 billion investment programme announced by the UAE in August 2015 during a visit by Prime Minister Narendra Modi to Abu Dhabi. "This marks a new beginning in our bilateral relationship that is going to be more specific and strategic in the years to come where India and the UAE compliments each other on areas of future growth and national security," said Dr Azad Moopen, President of Business Leaders Forum and Founder Chairman of Aster DM Healthcare Group. "We, as representative of the private sectors, are also getting ready to support the two governments realise their vision and objectives with our own investment initiatives something that we will announce at the two-day India-UAE Partnership Summit (IUPS)," he said. India's Department of Industrial Policy and Promotion (DIPP) recorded USD 61 million FDI inflow from the UAE in the April-June quarter this year. The UAE and India share age-old ties whose foundation lies in trade and investment. The annual two way trade between the two countries today stands at about USD 53 billion and the leadership of the two countries is committed to increase it by 60 per cent over the next 5 years. While India remains the UAE's top trading partner, the UAE is India's third largest trading partner. Chile is open to support the candidature for membership of India in APEC but all the resolutions for the entry of a new country its decided by all the members of the group, pointed out former Chilean President Eduardo Frei ahead of APEC Summit in Vietnam next month. Chile has an open economy and a stable institutional and political system, who installs a healthy business environment. With the 10 trade agreements signed between Chile and Latin-American countries, the possibilities to export and make business in the region are maximized, Frei told a select group of media here during his visit to push Indo-Chile economic partnership. "Even more, Chile is one of founders of the Pacific Alliance, the most successful integration movement of the history of the Latin American region. Actually, its functions are becoming to been a platform of political articulation, economic and commercial integration and projection to the world, with emphasis on the Asia-Pacific region," noted Frei " I would like to express that the Trade Agreement that India and Chile was established in 2007, and then expanded in 2017 is not a Free Trade Agreement (FTA), it’s a Preferential Trade Agreement (PTA). The nature of this Agreement is relative minus ambitions of an FTA, because it’s does not contain chapters related intellectual propriety, electronic commerce, gender issues, environment or investment, among others. The entry on force of the PTA plus, has been the 16th of May of 2017, only 5 months ago. For this reason, today, is difficult to highlight an increase in trade on either side." "Nonetheless, I trust, that the PTA Plus will increase the trade, in the same way that the exported non-copper products have triplicated from US$ 51 millions in 2006 to US$ 178 millions in 2016. Thanks for watching. Subscribe to our channel. Thanks for watching. This is World Conspiracy Daily WC Daily If you have any points comment below. Production: Hades Pictures Music By : Kevin MacLeod, Drake Stafford Track : "AiTech" Kevin MacLeod (incompetech.com) Track : "Dolos" (freemusicarchive.org) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
Views: 3702 WC Daily
US report on trading partners
 
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04-16-2009
Views: 102 cctvupload
Japan and EU sign trade pact covering one-third of global economy
 
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Robert Holleyman, former U.S. deputy trade representative and C&M International CEO, provides insight to the economic impact of tariffs on trading partners.
Views: 3115 CNBC Television
President Kenyatta tours London stock exchange
 
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President Uhuru Kenyatta toured the London Stock Exchange to promote Kenya as an investment destination and deepen the ties between the Nairobi Securities Exchange and the London Stock Exchange. The United Kingdom is one of Kenya's largest trading partners and currently, there are about 220 U.K. companies in Kenya. President Kenyatta is in London together with NSE's Chief Executive Geoffrey Odundo and the Kenya Private Sector Alliance Chief Executive, Carole Kariuki, to attend the Commonwealth Heads of Government Meeting 2018.
Views: 2231 NTV Kenya
EU Single market is Skewed Against the UK
 
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PLEASE SUPPORT MY YOUTUBE WORK ON PATREON: http://bit.ly/2oUVQfm FACEBOOK: @JeffTaylorBrexit This latest revelation shows just how little clout we really had as a fully paid up, fully compliant and net contributor member of the European Union! LIKE THIS? PLEASE SHARE IT using the url - https://youtu.be/RDtdFkqXrx0 *SUBSCRIBE* to Jeff Taylor Here: https://goo.gl/NyzUPo How to *SUPERCHARGE* your YouTube videos - start for FREE: http://bit.ly/2vbl9z2 Well, I say revelation, but it's more like a flash of the obvious. In an article for the Guardian, Larry Elliott says that the single market is of benefit to manufacturers and not service providers and then asks 'guess which Britain excels in'. He then takes a look back in time to when Harold Wilson blamed the defeat of his government to Ted Heath, on a huge trade deficit of just £31 million, about 0.2% of GDP. Fast forward to today he says and we are running an annual deficit of £135 billion of which £95 billion of that is in goods. On top of that the UK has run a continuous trade deficit with the European Union since 1999, a deficit which doubled from £41 billion to £82 billion between 2012 and 2016. Whereas our performance with the rest of the world has been moving steadily up to a £39 billion surplus. So, we run a huge deficit with a club that is meant to be a friendly little market place, but run a surplus with the fiercely competitive rest of the world? Funny situation to be in. The economist Christopher Smallwood has been looking into this, says the author, and he says that our 'deficit with Germany has increased by 5% a year, with France by 7% a year and with the rest of the EU by 11% a year.' And Smallwood says that he is not surprised at this because the single market and customs union are really only a free trade area in goods, not services. “We have entered into a lop-sided arrangement - said Smallwood - under which all impediments to trade have been removed from areas where our trading partners are strong but not from areas where we are strong. So obviously our overall trade deficit with them has gone on rising, and will continue to do so.” So the UK has had to bow to single market rules on goods, but we have won nothing on services? And this comes back to the crux of the matter. All that Remainer talk about you have to reform the EU from the inside, we have to be in it to change it, that we only have power on the inside etc etc etc - well if a massive and growing trade deficit with that club is all we've got to show after showering it with all that money and all that supposed four decades plus of inside influence, then I say we're better off out! Other topics include: 1. Optimism returns to the City and the UK financial services industry. 2. Business optimism increased after the transition period deal, according to a Deloitte survey. 3. Esther McVey on why our excellent employment and unemployment figures makes the UK the envy of the rest on the EU. 4. What is the reason behind Tony Blair begging for Angela Merkel to help him stop Brexit? Sources: https://www.theguardian.com/business/2018/apr/08/why-the-uk-trade-deficit-with-the-eu-is-woeful-and-widening http://www.cityam.com/283575/financial-services-bosses-back-city-remain-europes-hub https://uk.reuters.com/article/uk-britain-eu-companies/uk-firms-more-optimistic-after-brexit-transition-deal-deloitte-idUKKBN1HF10S http://www.dailymail.co.uk/news/article-5592681/Britain-envy-Europe-people-work-says-minister.html#ixzz5C9O87xsV http://www.dailymail.co.uk/debate/article-5592671/STEPHEN-GLOVER-Tony-Blair-lost-marbles.html
Views: 2890 Jeff Taylor
Episode #18, U.K. 2030: Four Post-Brexit Scenarios
 
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Host Mark Sackler talks with SAMI Consulting fellow Jonathan Blanchard Smith on their analysis of post-Brexit scenarios for the U.K. and its allies and trading partners.
Views: 189 Seeking Delphi
The Queen's speech at The Netherlands State Banquet
 
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Her Majesty speaks of, 'the enduring friendship which has enabled our two nations to prosper and grow, side by side, as trading partners, and as North Sea neighbours,' during a State Banquet held in the Ballroom at Buckingham Palace in honour of The King and Queen of The Netherlands. Read the full transcript at: https://www.royal.uk/queens-speech-netherlands-state-banquet
Views: 39566 The Royal Family
How to Make Money on Etoro
 
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Etoro is like no other trading platform, offering the ability to spy on and copy experienced and highly successful traders. Join etoro here: http://partners.etoro.com/B10253_A57028_TClick.aspx So if your looking to learn how to make money on etoro? you have come to the right place... The video includes tutorial on all basic features of etoro, how to buy/sell stocks and how to copy a trader etc. Also don't forget to get added into the free prize draw! Every Monday live on video we shall be picking a winner who will be sent out one of our bespoke A2 sized crypto currency periodic table poster. here are the details again on the Free Crypto Prize Giveaway: 1. Subscribe to this YouTube Channel 2. Like this video 3. Hit the Alert button (bell next to subscribe) 4. Comment below What to write in the comment: Just share your New Years resolution, let me know your crypto currency goals for 2018 or just ask me a question about any crypto-currency/alt-coin so I can answer your question in an upcoming video. -~-~~-~~~-~~-~- Please watch: "Cryptocurrency That Could Kill Paypal - Pundi X - Graft - UTrust" https://www.youtube.com/watch?v=Sk38UcKHZ44 -~-~~-~~~-~~-~-
Views: 102702 Moocharoo
Britain faces trade war with EU as Juncker scrambles to reignite talks with India
 
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Britain faces trade war with EU as Juncker scrambles to reignite talks with India. India is high on the UK’s list of potential trading partners once it leaves the EU in 2019, with estimates suggesting Britain can increase exports to its Commonwealth partner by more than £2billion per year simply by cutting EU red tape. And report by the Commonwealth nation, blasting the “slow pace” of EU talks, said Brexit will present a significant "opportunity". Nearly a year after Theresa May visited India to lay the foundations for future business deals, Brussels has launched an offensive in a desperate bid to muscle in and thrash out an agreement of its own.
Views: 9 NEWS 24
Industries take hit amid China-U.S. trade war
 
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U.S. President Donald Trump has slapped tariffs on imports from big trading partners, including China, the European Union, Canada and Mexico, prompting retaliation against U.S. exports. Tit-for-tat tariffs on U.S. products are having a profound impact on corporate America, especially hitting businesses and farmers. President Trump says trade wars "are easy to win." But who is really winning? #TradeFriction Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 7800 CGTN
UK to focus aid budget on economic development, job creation
 
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Britain vowed on Tuesday to focus its aid budget on economic development in the world's poorest countries in a bid to create jobs and help it foster future trading partners as it prepares to leave the European Union. In its first economic development strategy, the Department for International Development said it would use its $15 billion budget to support countries to mobilise their domestic resources and reduce their reliance on foreign aid. As more than a billion young people will need jobs over the next decade, mainly in Asia and Africa, focusing aid on economic development will help the poorest countries stand on their own two feet. Recent examples include Britain's support for a plan to give Ethiopia, which hosts around 750,000 refugees - the largest number in Africa - $ 100 M to create 100,000 jobs.
Views: 228 CGTN Africa
Liam Fox: 'We must remember there is a world beyond Europe'
 
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Britain has struck its first deal through the World Trade Organisation for a post-Brexit world. Under a new deal struck today Britain is still part of the market for lucrative government contracts with dozens of trading partners. It paves the way for Britain to retain its place among 47 WTO countries that are involved in the Government Procurement Agreement, including the European Union's 27 remaining members. The arrangement ensures continuity of cross-border bidding for significant government contracts, though military contracts are generally excluded. Original Article: http://www.dailymail.co.uk/news/article-6752541/UK-strikes-deal-WTO-stay-market-government-contracts.html Original Video: http://www.dailymail.co.uk/video/news/video-1854146/Video-Liam-Fox-remember-world-Europe.html Daily Mail Facebook: http://facebook.com/dailymail Daily Mail IG: http://instagram.com/dailymail Daily Mail Snap: https://www.snapchat.com/discover/Daily-Mail/8392137033 Daily Mail Twitter: http://twitter.com/MailOnline Daily Mail Pinterest: http://pinterest.co.uk/dailymail Daily Mail Google+: https://plus.google.com/+DailyMail Get the free Daily Mail mobile app: http://dailymail.co.uk/mobile
Views: 65 Daily Mail
Brexit BOOST: GDP to FLOURISH post-Brexit as UK economy rids ‘EU DRAG’
 
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Brexit BOOST: GDP to FLOURISH post-Brexit as UK economy rids ‘EU DRAG’ THE UK is due to leave the European Union in just three weeks but Theresa May is yet to strike an exit deal. As the Brexit deadline nears, an expert has revealed how the economy will thrive post-Brexit. The UK and the EU are trying to find ways to break the deadlock over the Irish backstop with just days to go until MPs vote on the Prime Minister’s Brexit deal. Up to three Brexit votes will take place in Parliament next week, as MPs worry about the potential risks of a disorderly Brexit. But as politicians are dealing with turmoil in Parliament, an expert has now revealed how the British economy will flourish post-Brexit. How will GDP flourish post-Brexit? Although the pound fell on foreign exchanges following the 2016 Brexit referendum, an expert has said the economy did not “hit the rocks as expected”. The next moves will depend on whether Brexit is hard, or soft, but the economical benefits the UK will see post-Brexit could be looking to receive a boost. Richard Mitchell at finance broker Rangewell told Express.co.uk: “The economic developments of the two years and eight months since the EU referendum of June 23, 2016 are continuing to confound all attempts at prediction. Pound to euro exchange rate: Sterling hits 'dizzy HIGHS' ahead of important Brexit vote “The economy did not hit the rocks as predicted. “True, the pound fell on foreign exchanges, but the consequent boom from cheaper exports took the FTSE 100 and 250 to record levels. “On a ‘total return’ basis (with dividends reinvested) the FTSE 100 has risen substantially, as has the FTSE 250 index.” Mr Mitchell added how Professor Patrick Minford, one of the UK’s leading macroeconomists, also predicts a boost in the GDP. The finance broker said: “He predicts a boost in GDP by around 7 percent, thanks to reductions in the EU's legendary red tape and the new freedom to strike new trade deals. “According to the professor, the EU has not only been a drag on the UK economy, but it has also made prices around 8 percent higher than they should be for consumers. “Without a deal, the UK would be free to sign trade agreements. “Cheaper food would result from imports from global trading partners, while UK businesses would suddenly have access to markets around the world that are effectively denied to them now.” The professor has also been positive about the effect on financial businesses and believes that there are great economical opportunities around the world and that Brussels would be obliged to give full access to EU markets under WTO rules. Of course, not everyone is happy about the Brexit fallout. Governor of the Bank of England Mark Carney has stated that the Brexit vote has already knocked about 2 percent off the UK economy, totalling £40bn and costing each household around £900. Giving evidence to the Treasury Committee, Mr. Carney confirmed the British economy was underperforming the bank’s forecasts before the referendum and that the Leave vote was the primary cause. The Bank’s current forecast is based on an orderly negotiated Brexit in March 2019, and Mr Carney has said: “A more disorderly transition, or a materially different end state from our assumption, would have implications for monetary policy.”
Views: 74 Vigorously Live