If no deal brexit would have an affect on the UK then would it be the same for the EU?
Of course it would. That is why they don't want a no deal. But at the same time, they are not going to hand us everything we want on a silver platter and beg us for mercy. Why would they?
(Original post by ByEeek)
Exactly. The thing I don't understand is where this idea that you can make a trade deal over night comes from. Mays deal took 2 years. Canada took 7. Without trying to poo poo the idea of another deal, I find it hard to inderstand how it can be any quicker. Even buying a house takes 6 weeks or more to negociate and that is straightforward. The idea you can do a complex trade deal in less time is laughable.
6 weeks to negotiate buying a house? It took me about 30 minutes after viewing my current house to having an offer accepted, the rest of the process is needlessly long, the whole thing takes about 4 weeks in New Zealand.
As for doing trade deals then I'm pretty certain that a start has been made on many of them already, and the one with the EU should ( depending on how difficult the EU want to make it) be pretty quick because we already have the same regulations.
Last edited by ColinDent; 1 week ago
The question is this. The UK imports a heck of a lot of goods from the EU as it stands. If we exit and then trade on WTO terms, it will hurt them badly, we drink a lot of French and Italian wine, we buy a lot of Italian leather and olive oils, we buy spanish fruit and vegetables and we buy a lot of German and French and Swedish and Italian cars. ALL of this becomes more expensive and less attractive to UK buyers if they are traded on WTO terms. The UK does not benefit that much from EU membership and our trade deficit with Europe has widened every year since we joined the EEC. The UK trades a lot with the USA and Asia and does much of it in intangible financial services, with London being the premier trading hub for the world because of the way the UK conducts business and the fact we all speak de Engrish.
If the EU want to play silly kippers it will harm the German, French and Italian and Spanish economies the worst. Ok the UK won't be able to export cheese or lamb or beef as readily- hardly the end of the world given that the government has not valued domestic food production for decades.
Europe is stagnant and is actually contracting today. Half of Europe is still stuck with austerity, another portion is increasingly ignoring the EUs diktat and Germany just entered recession. Couple that with an increasingly turbulent and unpredictable Trump, who seems to want to remove the USA from the world stage completely, and the scene is set for the UK to stand up on the world stage and lead the world politically and diplomatically again.
It is no accident the Chinese, Russians and Americans are keen to invest so much money in the UK. Google and Facebook just setup big offices in London, the press did not report this because good news does not sell newsprint.
The UK is a much much larger economy than many others and many countries thrive despite having no membership with the EU. The EU is merely a bastion of protectionism for archaic European industries that cannot survive in a global environment.