3 ms·
1% of GDP tied to a single trading partner and a single industry is a pretty big deal. Likewise, 4% of GDP in finance commerce to Germany is a big deal. Seems
by p4wnc6 10y ago
1% of GDP tied to a single trading partner and a single industry is a pretty big deal. Likewise, 4% of GDP in finance commerce to Germany is a big deal.
Seems like good evidence that the parties will want to ensure trading continues mostly the same as it has been. A big question is whether the rest of the EU would be able to block such arrangements. I don't think they will either want to or be able to.
- throwawaysocks 10y agoBut the stickiness of geography for finance and autos are very different. Replicating a segment of London's financial sector in Frankfurt is easier than replicating BMW/VW to UK.
- smm2000 10y agoCars are ultimate commodity - you can buy Lexus or BMW and they are mostly equivalent. I am sure Toyota or Honda will be happy to sell cars in UK. Import to UK from EU is almost 1.5x higher than reverse. Tariffs will cost EU more than UK.