BLOG

Difficult times from the economic point of view for the country

To choose between a hard situation and a worst one is like digesting a nail slowly and die every day a bit more. The common man in the UK must be thinking of the whole situation like this.

One may think that why this whole thing was created when nothing was in the back of it. Till now there is no solid word about any positive end to talks; not with EU or with any other country to strengthen the independent international trade by sea or air cargo.

Well at least the integrity of borders is becoming strong; this is the only positive thing in this whole situation. Even own party members are not supporting what May is going to put forward as a deal to EU.

Some say to have the referendum again and some say to exit without a deal and then struggle to gain the self-sufficient state in trade. Even there are efforts to change the PM and chair a more decisive person so as to save the country from any mishap (as many thinks would happen in case of no deal or a bad deal).

What the Economists for Free Trade have to say

Some are very optimistic of the future where there is no deal. A group the Economists of Free Cargo Trade says that there will be no harm if the exit happens without any agreement.

In fact, according to them, there will be a fall of 8% in the prices and a rise of 80bn in taxes. But of course many are not in favour of this assumption. This lot is talking about all the negatives especially the worse effects on the economy.

Especially the present Brexit process is being criticized taking the economical state towards the wrong side.

Why the need of compromising agreement

To avoid the hard border of Ireland, a deal has to be done to have a friction-free movement and one without any regulatory check. This deal will be finalized after 2019 March after the Brexit really happens.

This is one of the things May wanted the participants to agree upon at the Chequers, but still, there are many left against the arrangements being made. The Tory critics are putting pressure on the PM in the hope that she might change her mind.

But Theresa May for now is standing strong n her words and decisions.

Reaching India again

There is no denying on the trade and cargo exchange relationship between UK and India. Britain is reaching out more vigorously to the strong partners till now for stabilizing situation prevailing.

India is one of those countries which do not only have contributions from the UK in the infrastructure sector, but it is also investing in the economy of the country. To make ones position strongly you have to have ties so that they can help you out in difficult situations.

India and many other countries like these had no effect till now on the trade percentage and it is the same as before or is rising steadily.