world

EU, UK still have 'fundamental' differences in trade talks

1 Comment
By RAF CASERT

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

©2021 GPlusMedia Inc.

1 Comment
Login to comment

It is unfathomable why any Bank of England Governor, would speculate the economical comparison of apples and oranges. i.e. the long- and short-term economic effects of Brexit, in compassion to the pandemic   

The randomized response procedures in building a statistical model, qualifying even the short, let alone the long-time simple random sampling is an exercise in the non-sensical.

The multitude of economic, monetary, fiscal, future Government responses and their impact to either Brexit or the Pandemic, then to factor in the effects of a vaccines runs into the hundreds of millions, of statistical variables,  it is incalculable, so at best a wild guess.  

Bank of England Governor Andrew Bailey…..

"Well, I think the long-term effects ... Brexit would be larger than the long-term effects of Covid-19, It takes a much longer period of time for what I call the real side of the economy to adjust to the change in openness and adjust to the change in the profile of trade”

Continuing …..

"It's hard to put a multiple on it as you say, but I think you're basically right to say that in that scenario you would expect a longer-term effect from the exit trade agreement,"

The Political independence of the Bank of England is crucial and sacrosanct to determine UK economic future.

-1 ( +0 / -1 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites