3 ms·
All I can remember from the last month is “Brexit was a bad idea —- without a trade deal the UK is ruined.”
by zests 6y ago
All I can remember from the last month is “Brexit was a bad idea —- without a trade deal the UK is ruined.”
- Isinlor 6y agoIt's not black and white. In all cases there is consensus that Brexit will be bad economically. UK went with the middle bad scenario according to their own leaked analysis [0]. The "no deal" scenario, which would see the UK revert to World Trade Organization (WTO) rules, would reduce growth by 8% over that period. The softest Brexit option of continued single-market access through membership of the European Economic Area would, in the longer term, still lower growth by 2%. [0] https://www.parliament.uk/globalassets/documents/commons-committees/Exiting-the-European-Union/17-19/Cross-Whitehall-briefing/EU-Exit-Analysis-Cross-Whitehall-Briefing.pdf https://www.parliament.uk/globalassets/documents/commons-com...
- pjc50 6y agoNo deal would have been a disaster. This is a deal, but doesn't address "non tariff barriers" like technical requirements. The trucks can roll again (once quarantine rules allow!) A few individual industries get whacked; one example I've seen is seed potatoes.