Theresa May joins G20 summit to face Brexit warnings from US and Japan


#1

theguardian.com/world/2016/sep/04/g20-theresa-may-warns-of-tough-times-for-uk-economy-after-brexit#comments

**Theresa May joins G20 summit to face Brexit warnings from US and Japan

Theresa May has had a difficult start to the G20 summit as President Barack Obama said the UK would not be the priority for a US trade deal and Japan issued an unprecedented 15-page warning about the consequences of Brexit.

The prime minister had been hoping to pitch the UK as a global leader in free trade during her first major outing on the world stage at the G20 summit in Hangzhou.

However, she was immediately confronted with harsh warnings about the consequences of leaving the EU and diplomatic tensions with the Chinese over her concerns about their involvement in UK nuclear power.

After her first bilateral meeting with Obama, May was warned that the US wanted to focus on trade negotiations with the EU and a bloc of pacific nations before considering a deal with the UK.

This was swiftly followed by a message from Japan to the UK that there could be a string of corporate exits from the UK unless some of the privileges that come with access to the single market are maintained.**

The lengthy document from Tokyo gives a list of possible consequences of Brexit and a series of specific requests from Japanese businesses. About half of Japanese investment in the EU comes to the UK, including from companies such as Nissan, Honda, Mitsubishi, Nomura and Daiwa.

“Japanese businesses with their European headquarters in the UK may decide to transfer their head-office function to continental Europe if EU laws cease to be applicable in the UK after its withdrawal,” the report concludes.

It says: “In light of the fact that a number of Japanese businesses, invited by the government in some cases, have invested actively to the UK, which was seen to be a gateway to Europe, and have established value-chains across Europe, we strongly request that the UK will consider this fact seriously and respond in a responsible manner to minimise any harmful effects on these businesses.”

Asked whether he stood by his warnings against Brexit and claim that Britain would go to the back of the queue when it comes to trade deals, Obama repeated his belief that the world would benefit from the UK being a member of the EU.

“I’ve committed to Theresa that we will consult closely with her as she and her government move forward on Brexit negotiations to make sure we don’t see adverse effects in our trading and commercial relationship. Obviously there is an enormous amount of trade that already takes place … That is not going to stop. And we are going to do everything we can to make sure the consequences of the decision don’t end up unravelling what is already a very strong and robust economic relationship.

“But first things first. The first task is figuring out what Brexit means with respect to Europe. And our first task is making sure we go forward on TTIP negotiations in which we have already invested a lot of time and effort.”

It comes after the prime minister warned on her flight to China that there would be “difficult times ahead” for the economy after leaving the EU


#2

Theresa May: Brexit means Brexit!!

Barack Obama: Sorry Theresa but back of the cue still means, well…*back of the cue *

:wink:

I reckon there will be brilliant satirical cartoons about this tomorrow…:rolleyes:


#3

How do you feel about this personally?


#4

Two separate threads on Brexit and Japan ? Must be a slow news day.


#5

They were playing . . . what? Pool? Billiards? Snooker?


#6

:smiley:

Obama understands how to use British English to get the message across.


#7

It’s spelled “queue.” :wink:


#8

Money talks. :wink:


#9

Thank you for noting the confusing typo. I have autocorrect on my phone that changes words. Very irritating! :slight_smile:


#10

“They tell us, sir, that we are weak; unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed, and when a British guard shall be stationed in every house? Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot? Sir, we are not weak if we make a proper use of those means which the God of nature hath placed in our power.”
― Patrick Henry

“A general dissolution of principles and manners will more surely overthrow the liberties of America than the whole force of the common enemy. While the people are virtuous they cannot be subdued; but when once they lose their virtue then will be ready to surrender their liberties to the first external or internal invader.”
― Samuel Adams

“Our cruel and unrelenting Enemy leaves us no choice but a brave resistance, or the most abject submission; this is all we can expect - We have therefore to resolve to conquer or die: Our own Country’s Honor, all call upon us for a vigorous and manly exertion, and if we now shamefully fail, we shall become infamous to the whole world. Let us therefore rely upon the goodness of the Cause, and the aid of the supreme Being, in whose hands Victory is, to animate and encourage us to great and noble Actions - The Eyes of all our Countrymen are now upon us, and we shall have their blessings, and praises, if happily we are the instruments of saving them from the Tyranny meditated against them. Let us therefore animate and encourage each other, and shew the whole world, that a Freeman contending for Liberty on his own ground is superior to any slavish mercenary on earth.”
― George Washington

What a difference a few hundred years makes…
:whistle:


#11

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