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You forget that the negotiations, such as they were, were a showpiece for domestic consumption.
Headlines about protecting fish (a miniscule part of the UK economy) were headlined to demonstrate the Tory's concerns for the common worker folk.
As you note, only 20% of the economy is about trade in goods. But it plays well in the public consciousness. People are largely ignorant about what happens in the City and politicians are careful not to disturb that ignorance.
However, they are also aware that, despite your disdain, the EU is clmaping down on the dubious practices on which the City bases most of its trade and so there is little point in having a deal which incorporates them. On this the City really is a global player and the dirty money will continue to flow, EU or not.
And that is the goal, after all. Global Britain is The City. Full stop. Period.
A more vigilant EU will not really interrupt that trade. But a more vigilant US? Now that would be a different thing.  

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sat Jan 2nd, 2021 at 08:10:08 PM EST
The idea that the US would "turn towards the Pacific" has been floating around since WW2, but we keep getting distracted from Japan and China by the common language thing with the UK.

Maybe now that the UK doesn't provide an easy interface to the EU any more, the US will notice that the players are China, the EU, and the US, in that order, and make a more concerted effort to figure out a westward-looking strategy.

The UK is now, one assumes, almost completely irrelevant in terms of global trade. Scotland and NI will run off with what is left of the fisheries and the car factories, airplane factories, international students and scientists, and financial houses will gradually relocate to the EU. Or suddenly.

It will be interesting to see if the UK can continue to attract US tourists if the economic situation becomes unsupportable. Going to London and buying some English gear is one thing; eating canned peas and turnips in the fancy hotel restaurant is another.

by asdf on Sat Jan 2nd, 2021 at 10:46:08 PM EST
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As the value of sterling craters under the strain, even the moderately well off foreigners will be able to live like kings in London.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun Jan 3rd, 2021 at 09:17:49 AM EST
[ Parent ]
I'd beg to differ: after the fall of the Soviet Union, the US focus has shifted to the Middle East and to Asia in the 21st century. Europe is not as important as it was during the cold war. This was plainly apparent during the Obama (born in Hawaii, raised in Indonesia) administration; his successor has treated Europe as an enemy throughout the past four years.

Common language has long ceased to be the UK's unique advantage: English is now widely spoken all over the continent and Ireland is an English speaking country - and an EU member in good standing - that can "provide an easy interface to the EU", especially with the upcoming Joe "I'm Irish" Biden.

The "special relationship" is little more than Empire nostalgia and, or course, the post-colonial fascination of the US elites with the British upper-class symbols like The Economist or the Royals.

But let's not fool ourselves: Facebook European operations in Ireland are for tax reasons, not language reasons. And when the US magazine Politico opened shop in Europe, it did so directly in Brussels, in a joint-venture with a German press conglomerate.

by Bernard on Sun Jan 3rd, 2021 at 02:36:13 PM EST
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... after the fall of the Soviet Union ...

the Bush and Clinton administration. failed to re-create the country in its image of big capitalism and western democracy. Foreign venture capitaists and Soviet "reformers" ripped the State of its resources and assets under Boris Yeltsin and left soon after Putin arrived. Post 9/11, Russia gave the US and allies support and cover in Afghanistan during the bombing raids. NATO got a new purpose as an American proxy to fight global wars ... the rightwingers in Washington had a scheme of so-called revolutions to spread democracy and gain markets in Eastern Europe and the Middle East. Russia was shown the exit as partner of NATO during the Bucharest Summit (March 2008) under leadership of SG De Hoop Scheffer. Under Obama and HRC the reset button was pushed for Cold War 2.0 as Russia was only a regional power player.

According to neorealism, if alignment is formed because of threat, it will falter in the absence of a threat ...

by Oui on Sun Jan 3rd, 2021 at 05:26:28 PM EST
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