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  • UK ready to walk away from Brexit trade talks over state aid demands

    From cityam.com

    The UK has said it will walk away from post-Brexit trade talks if Brussels does not drop its demand to align with EU state aid rules. UK Brexit negotiator Lord David Frost has told his counterpart Michel Barnier that the UK is not willing to compromise on this point as the potential of a no-deal exit draws closer.Brussels is demanding that the UK adopts EU rules that prevent the government from subsidising domestic companies at the detriment of Europe’s private sector. Brussels is also demanding that the UK aligns its regulations on other things like labour and environmental standards in what would be known as a ... (full story)

Ok bye bye then. EU probably so sick of this bullish.
Apparently the EU's state aid rules are too much for the anglo-saxons, it seems to me the UK is on its way to become a big state or even a "state only" economy. Ritchie from finance is even paying their meals now.
Let's skip that deal.
Quoting barkie
Apparently the EU's state aid rules are too much for the anglo-saxons, it seems to me the UK is on its way to become a big state or even a "state only" economy. Ritchie from finance is even paying their meals now. Let's skip that deal.
A "state-only" Economy? I don't quite understand what that means, could you clarify please?
The UK is crying like a punk because it can't subsidize its industry at the expense of the EU. No wonder It's "empire" has been in decline.
Quoting Eccles
{quote} A "state-only" Economy? I don't quite understand what that means, could you clarify please?
You know good old Hugo or Kim ? Karl ?
Mmm wonder what other countries are watching and considering if they should depart the single currency. While we are in this covid 19 pandemic.. big is safer... longer term hope for euro is not good tho..
Quoting buttons
Mmm wonder what other countries are watching and considering if they should depart the single currency. While we are in this covid 19 pandemic.. big is safer... longer term hope for euro is not good tho..
The EU was nowhere to be seen when the covid broke out. Sovereign borders emerged as if the EU didn't exist
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Quoting Ghostship
{quote} The EU was nowhere to be seen when the covid broke out. Sovereign borders emerged as if the EU didn't exist
SO true Lmao
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Well I actually read the article and think the Uk is right to take a stand on these issues,

"Brussels is demanding that the UK adopts EU rules that prevent the government from subsidising domestic companies at the detriment of Europe’s private sector."
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  • Story Stats
  • Posted: Aug 31, 2020 3:53am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 9  /  Views: 5,023