• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

Sainsbury’s ex CEO rubbishes the “they need us more than we need them” argument in 40 seconds

Ouch!

Jack Peat by Jack Peat
2020-12-09 11:42
in Politics
FacebookTwitterLinkedinEmailWhatsapp

Billionaire Brexiteer John Caudwell received a ruthless dressing down on News Night with Emily Maitlis last night.

The Phones 4 U founder said Brussels should have been “delighted to do a deal with us” given the amount of trade that we do with the European Union every year.

He said: “If the Europeans don’t do a deal they will be £80 billion worse off potentially.

“They should want the deal desperately on commercial terms, all they’re doing is playing brinkmanship and taking advantage”.

But Sainsbury’s former CEO Justin King managed to debunk one of the most trumpeted Leave arguments in just 40 seconds as he laid out the reality of the situation.

He said: “There’s an irony here that a Brexiteer should be surprised by what has happened over the past few years. I as a Remainer am not at all.

“John quoted some impressive figures but, of course, it is the asymmetric nature of our relationship that Europe is about 40 per cent plus of our trading relationships today. We are, across the whole of Europe, about eight per cent of theirs.

RelatedPosts

PMQs 18th May – Bird crap on the PM as rest of us are left in the sh*t

Watch: First pictures and video of Kenneth Brannagh’s portrayal of Boris Johnson

Michael Fabricant calls on fellow Tory MPs to turn up to PMQs- to prove they’re not the alleged rapist

Crowdfunder started to buy the World’s biggest egg for Grantham

“That kind of asymmetric relationship is what underpins the strength of their negotiating position”.

Watch the clip in full below:

Brexiter billionaire @JohnDCaudwell on #Newsnight just could NOT understand HOW we ended up staring at bad deal or no deal, because “we hold all the cards”, “they need us more than we need them”, etc.

Former Sainsbury’s CEO Justin King explained to him in 40 devastating seconds. pic.twitter.com/gzneA3pzpT

— Alex Andreou (@sturdyAlex) December 9, 2020

Related: A one-off ‘wealth tax’ could raise £260bn, says Commission

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Watch – UK’s longest serving employee celebrates 70 YEARS in job

Bar of the week: Coupette

Red Wall MPs “absolutely livid” at PM’s support for senior aide

Sirloin with Crispy Noodle and Leafy Green Salad

Phillip Schofield bashes ‘cold and heartless’ care minister over lockdown

Police blocked probe into paedophile who ran Rotherham-style child sex ring

Belfast Book Festival Week Two: The Kids (and their Mums) Are Alright

EU slaps Apple with 13bn euros tax bill

Charity release reindeer statistics to highlight plight of working animals in developing countries

No 10 tried to plaster Union Jacks on Oxford University vaccine

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.