Political Fix Ask Political Fix: Trade, tax and leftwing pacts
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May 9, 2025 Listeners dive into pressing political questions, like the real value of the UK-US trade deal and its potential ramifications. The panel explores Labour Party dynamics and Keir Starmer's leadership amid rising left-wing alliances. They analyze the feasibility of military involvement in Ukraine, alongside the complexities of pension policies affecting vulnerable populations. Additionally, land tax reforms and their implications are debated, as well as the unpredictable nature of investment strategies that intertwine with political influences.
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UK-US Trade Deal Limits
- The UK-US trade deal is only "less bad" than previous situations, with tariffs on key exports still in place.
- While it improves UK's position slightly, it doesn't fully resolve tariff issues affecting British exports.
Trade Deal's Future Uncertainty
- Future Trumpist administrations might undermine the trade deal like they did with the USMCA.
- Jobs in UK's automotive exports to the US are protected somewhat, making the deal more valuable to workers.
Trade Deal as Market Stabilizer
- The trade deal is partly a market stabilizer after previous US tariff shocks.
- Trump’s approach includes repeated demands for concessions, meaning future pressures remain.