The trade agreement being negotiated between the EU and Canada, CETA, was effectively blocked by a Belgian regional government but yesterday a compromise was reached. The agreement runs to 1,600 pages and is a complex, comprehensive economic and trade agreement that demonstrates how difficult it will be for the UK to negotiate a trade agreement with the EU in the event of Brexit. Free trade with Europe will be by lengthy negotiation, if at all. Do we need free trade with Europe? Some controls on imports such as requiring goods to be of a standard that supports sustainability might be a good idea. Many goods imported into France need to have a 2-year warranty rather than the usual one year. Isn’t that a good thing?
We have seen interest rates manipulation in the recent past and banking products mis-sold. On the forums, there are now accusations of stock market manipulation. There is a petition asking for regulation of market makers.
This is the town I grew up in, with its filth, smoke and rampant disease. Do I miss the days of the British Empire and National Service? If the photographer had turned left a bit when he took this picture, he would have got the Chest Clinic in, where we had x-rays done on antiquated equipment. Good old days? I don’t think so. (more…)
To say the London stock market is a volatile market would be an understatement. Next week’s referendum has not only caused uncertainty it has caused panic. What can small investors do? (more…)
It seems likely that Britain will stay in the European Union but the uncertainty is depressing the stock market. We could see a surge of confidence once the referendum is over with. The big loser if Britain does leave the EU would be the City of London because they make huge amounts of money from Europe.