Sounds great and almost too good to be true but of course behind every headline is a real truth wanting to get out, well this deal is no different. The companies that benefit from the £1 billion trade deal will be the some of the 100 that have duly supported all the austerity measures so far, with more to come. Well you have to pay for the 134 hangers-on that visited China, the word paternalism comes to mind in this case. The real truth about this deal is those that need it most will not even get a sniff, and those that need it least will benefit to the tune of hundreds of thousands of pounds!
The emphasis will be on jobs and of course we all want full-time employment, or wage slaves willing as l have found out to work for less than the minimum wage, just for the fear of losing their benefits. The cost of these jobs to the “British People” apart from their self-respect well short-term contracts for long-term gain for the companies that benefit.
Well as long as the economy benefits it would seem a good deal, but truth as l have said is stranger than fiction and exports for companies who can afford it, such as Ford, Jaguar and JCB means massive profits. These massive profits though will not benefit the UK to the tune of £1.00 ,as all these companies have offshore domains and bank accounts to match. So all their profits will not come back into the UK ,but be held offshore until one day they need to fund another “Trade Deal” and can look like they are re-investing into the “British Economy” with one hand and taking it out with the other.
- Global trade deal condemned by anti-poverty groups (theguardian.com)
- WTO agrees global trade agreement (bbc.co.uk)