Why embracing global trade is the way forward

Liza Minnelli, actress/singer James Taylor, singer-songwriter, David Mellor, broadcaster and former Tory minister

Anish Kapoor, sculptor, Jerry Levine, actor/director, Aaron Eckhart, actor, Pete Doherty, musician, IT is about time that people looked to the future with regard to Brexit (There’s no conspiracy, the future will be tough – March 10, 2018).

For we appear to just stay in the present time wharp for some strange reason and do not apparently want to comprehend or want to look at what major economic and financial players say with regard to world trade.

In this respect the macroeconomists at Pricewaterhouse Cooper (PwC), one of the ‘Big 4,’ consider, that in a mere 33 years time (2050) China will have an economy as large as that of the USA and EU27 combined and India will be the second largest economy in the world.

Added to this the USA will then only be the 3rd largest economy, but where Indonesia will be the 4th largest, Brazil the 5th largest, Russia the 6th largest and Mexico the 7th largest and Japan the 8th largest. By then the United Kingdom, according to PwC will be the 10th largest economy.

But the most striking fact that PwC state is that China by 2030 (a mere 12 years from now) will have an economy equivalent to that of the USA and EU27 combined.

Therefore that’s a vast shift in where the world’s global trade will be and where the US and EU27 will basically be left behind. Indeed looking at 2050 again, PwC state that the US’s share of the global economic pie will be down to 12% (16% today) and EU27 will be down to a mere 9% (17% today).

Therefore voting to remain or exit from the EU appears in my mind to be based on presentday vested interests and not future vested-interests (where future global wealth will reside).

We have to understand this clearly, as if we do not, in the long-term, we will certainly let our children and their children’s futures down based upon PwC’s constructs.

Indeed when we consider if Brexit is good or bad, we have to fully comprehend what is on the horizon and where an enormous change in economic power will occur in a relatively short period in time and where we have to think of tomorrow and not of today.

Considering this fact, access to the opening up of global trade appears to me, based upon on PwC’s in-depth analysis, to be the way forward.

Or could it be that they have paid the right price for getting a proper job done in the first place? AT the top of Talbot Avenue in Lindley where it meets Dingley Road there is a bridleway about 100 metres long which a very small number of people use as a short cut to Occupation Road.

During the winter it gets quite muddy so I was delighted, as a user of this bridleway, when it was covered with hardcore. It was no longer muddy even after the recent bad weather.

I was therefore amazed that a tarmac path about a metre wide is being constructed, the full length. I was told it was being done to make it easier for pushchairs.

In the last couple of years I can rarely remember ever seeing a pushchair and there is not a single resident on Talbot Avenue who uses a push chair.

This new path which will cost well in excess of £5,000 is completely unnecessary.

Surely it would be much better spent locally on the many potholes.