Brexit
Out of context: Reply #639
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- shapesalad0
Leavers don't seem to get it.
They say we can set our own tariffs. Yes on imports only. We can do that from day 1 of Brexit. That's what we can set at our boarder.
But our exports will immediately get WTO highest possible tariffs applied when they cross the boarder into all other countries in the world, as we have no agreements in place.
While in the EU, we've traded with the rest of the world and the EU via EU trade agreements.
We will need to enter into negotiations with all countries to get lower tariffs on our exports, such as with Japan.
But firstly negotiations haven't even begun with anyone. No countries. Not even non countries like Taiwan. Zip. Nada.
Negotiations take years to cement.
And because of bilateral agreements between USA <> EU, Japan <> EU etc - we are at a massive disadvantage when we get to the negotiation tables as Japan, USA etc are going to say our hands are tied as we have a clause in our EU agreements that says we can't import/export from non EU countries at a lower rate etc.
After Brexit - what is our leverage at the negotiation tables?
When we had an Empire and traded with the world and were one of the richest nations in the world, it was via our military clout, threatening and colonising ~ not by sharing hobnob biscuits around a negotiating table.
- With cheap imports and expensive exports what do you think's going to happen to our economy? It's going to tank.shapesalad
- Why buy from expensive Brexit UK?shapesalad
- If the £ sinks, which is likely, to €1 = £0.10, then we might have edge on exportsshapesalad
- ...but then imports and holidays are going be very very expensive. Get booking your rainy summer holiday at Skegness for 2019shapesalad
- sorry meant to type £1 = €0.10 / $0.10 etcshapesalad
- At least with climate change, scotland might be a bit more bearable in the summer before the winter Thunderdome kicks off.PhanLo