It sounds like a win.
America is the UKs biggest trading partner so a trade deal is definitely a good thing. However, at the same time, I am upset about the timing of it. Any wins being attributed to the labour government is a terrible sign, because it's gives them credibility with the public, and Labour needs ousting at the next election. I don't know if anybody has been bothering to follow UK politics, but Reform UK ( a fairly recent, anti-establishment party) trounced both Labour and Conservative parties in elections for local council earlier this month. Recent polling shows if a general election were to be held now, Reform would have a supermajority, the Conservative Party would be left with 12 parliamentary seats (out of 650) and Labour would be replaced as the opposition by the Liberal Democrats. I am desperate for this outcome, I despise labour and the Tory's.
So I'm grateful for the win, I'm sad it's labour who got it. In other news, the Labour government just signed a trade deal with India. And it sucks. The trade deal lined up to bring in £5 billion over several years (essentially nothing in government spending terms), allows for Indian nationals to settle in the UK and not have to pay national insurance (a form of income tax which is used to pay for the NHS). Employers also have to pay some national insurance on behalf on their employees. So what this boils down to is that, Indian nationals are now cheaper to hire, and now pay less tax than actual British citizens. And because India is part of the commonwealth of nations, Indians living in our country get to vote in our elections.
Superb deal if you are in Indian citizen looking to move to the UK. Horrific deal if you already live in the UK.
With this in mind, when I first saw the announcements about the US trade deal, I expected it to be just as awful, because Labour clearly can't negotiate a good deal.