(Original post by Qup)
What's wrong with a no-deal, exactly?
I'm ignorant on the matter, but I don't want no biased description of it; I just want facts and not opinions, or else I'd go to a journalist site for that.
You'll get different opinions from different factions, but the general point is that crashing out means no negotiated agreements on a whole range of things, from fisheries to lorries and from air traffic control to space research.
This matters because at the moment, the UK has hundreds and hundreds (probably many thousands) of relationships between companies, organisations and government bodies in the UK and the EU, governing trade, research, travel, projects, security, environment and numerous other things.
The aim of a negotiated treaty is to have time (currently set at two years) after the Article 50 date in March (so, up to March 2021) to sort all these out and leave in a structured and less harmful way. If we don't agree any such arrangements with the EU, all bets are off and nobody knows for sure what will happen. Some well known things that could happen are:
* food running out - we import a lot of food from the EU and it might be held at the borders as custom checks kick in - also our farmers use lots of imported feed to feed animals in this country
* inability to travel - there may be massive queues at ports as new rules kick in and planes may not be able to fly, because our current airspace and airport rules are all set under EU agreements
* damage to many industries - lots of manufacturing and even many service companies rely on a "Just in Time" philosophy, which means that when a customer places an order, the production takes place of that individual order - and any parts/supplies/work needed from other EU countries is provided then. This is very widespread across industry now and if there are long delays at the ports or in other ways, it will cause huge disruption and make many businesses unviable.
* shortages of critical survival supplies such as medicines.
Nobody knows to what extent these things will happen, but many fear that they will and the government obviously believes they will, as they are currently holding emergency talks about them.