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Their goods would also be subject to EU tariffs depending on how trade talks go and the EU accounts for ~50% of UK trade iirc. So it's still very up in the air.
by patrickmcnamara 7y ago
Their goods would also be subject to EU tariffs depending on how trade talks go and the EU accounts for ~50% of UK trade iirc. So it's still very up in the air.
- mandevil 7y agoYes. I am not an economist, and even if I were, there are so many moving parts to Brexit I could not begin to calculate which ones are the most important. But I do believe that financial exports (which is what the US and UK have specialized in since the Reagan/Thatcher era) create Dutch Disease just like natural resource extraction does, making the currency too valuable for high employment sectors and concentrating profits in low-employment sectors.