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If the pound remains weak, then even with tariffs, UK exports to the EU could be cheaper than they were pre-Brexit, no concessions needed. I concede to greater
by Amezarak 10y ago
If the pound remains weak, then even with tariffs, UK exports to the EU could be cheaper than they were pre-Brexit, no concessions needed.
I concede to greater minds than mine, but those minds are estimating something in the range of a 2-3% impact in the long term, nothing drastic. I'm unclear about the reasoning behind the doom-and-gloom.
- jonknee 10y ago> I concede to greater minds than mine, but those minds are estimating something in the range of a 2-3% impact in the long term, nothing drastic. I'm unclear about the reasoning behind the doom-and-gloom. To be fair, a 2-3% impact is huge in the scheme of things. Especially in the current slow-growth environment. As a comparison, in the US February 2008 to February 2010 there was a 5.1% GDP contraction and that event will be in history books for centuries.