2 ms·
Even if the UK just get a bad deal, it might have some real hard consequences. UK will adapt, whatever happen, but adaptation takes time. In this time of adapta
by maeln 8y ago
Even if the UK just get a bad deal, it might have some real hard consequences. UK will adapt, whatever happen, but adaptation takes time. In this time of adaptation, the short term consequences of the "bad deal" might still yield some really bad results.
I mainly think of layoff in company that highly rely on the trade agreement with the EU to sustain their business.
An augmentation of unemployment combined with a possible devaluation of the money and an increasing inflation due to new importation taxes on basic needs items (food medicine, ...) could have some disastrous consequences on the lower and middle classes.
It could convince Scottland, which already struggle with poverty and voted against the Brexit (62%), to separate from the UK and try to join the EU (the last referendum was "only" 55% against leaving the UK). This might create even more trouble.
It is likely that a bad deal might yield enough difficult short term consequences to spiral out of control. A strong political leadership will be needed to handle them before they do. And currently, it is not unrealistic to say that no parties are ready to handle them.