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TOPIC: Trivial Brexit
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Re:Trivial Brexit 3 Years, 5 Months ago
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Leaving the EU will have an enormous negative impact on the UK - if no deal is agreed.
Without a deal (as is likely), the UK will immediately default to WTO terms from 1 January 2021. Every WTO member has a list of tariffs and quotas that they apply to other countries.
The UK will have to apply tariffs and quotas to goods coming into the country from the EU, and the EU will apply its 'third country' tariffs and quotas to the UK.
Consequently, the UK will be hit with a 10% tariff on exports to the bloc, which could amount to £6 billion a year. Increasing - for example - the average price of a British car sold in the EU by about £3,000.
Our trade with the EU is currently tariff free - but the CBI predicts that no deal would mean that 90% of the UK's goods exports to the EU would be subjected to tariffs.
It may well be a 'trivial issue' - if you don't mind paying more for virtually everything. And seeing our exports (like cars) made uncompetitive, with all the resultant negative affects on places like Sunderland, Bridgend and Derby.
Fishing rights, law enforcement. borders and customs, immigration, data sharing and medicines - amongst so many other important matters - will have to addressed also, without the benefits of club membership.
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Re:Trivial Brexit 3 Years, 5 Months ago
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Commander wrote:
Leaving the EU will have an enormous negative impact on the UK - if no deal is agreed.
Without a deal (as is likely), the UK will immediately default to WTO terms from 1 January 2021. Every WTO member has a list of tariffs and quotas that they apply to other countries.
The UK will have to apply tariffs and quotas to goods coming into the country from the EU, and the EU will apply its 'third country' tariffs and quotas to the UK.
Consequently, the UK will be hit with a 10% tariff on exports to the bloc, which could amount to £6 billion a year. Increasing - for example - the average price of a British car sold in the EU by about £3,000.
Our trade with the EU is currently tariff free - but the CBI predicts that no deal would mean that 90% of the UK's goods exports to the EU would be subjected to tariffs.
It may well be a 'trivial issue' - if you don't mind paying more for virtually everything. And seeing our exports (like cars) made uncompetitive, with all the resultant negative affects on places like Sunderland, Bridgend and Derby.
Fishing rights, law enforcement. borders and customs, immigration, data sharing and medicines - amongst so many other important matters - will have to addressed also, without the benefits of club membership.
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The "Benefits of club membership" are to the detriment of other (Less white? ) countries, which is why in principle I would prefer to not be in a club like that.
But really, I am beyond caring.
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Re:Trivial Brexit 3 Years, 5 Months ago
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In January, the cost of food will rise (if no deal) - including mince beef, oranges, cheese and cucumbers - the British Retail Consortium says. Together with other imported goods such as clothes, footwear and furniture.
The BRC's report - 'Why Tariffs are Bad News for UK Consumers' - states that 85% of foods imported from the EU will face tariffs of more than 5%. Including 48% on mince beef, 16& on cucumbers and 57% on cheddar cheese.
Accordingly, your Big Mac (largely made from beef imported from the Republic of Ireland, which remains in the EU) will see a major price hike - and the poorest households will be hardest hit.
Non-tariff barriers, such as additional regulatory checks, form filling and goods verifications, will also reduce choice - while tight margins for retailers mean that businesses will be forced to pass on some of their additional costs to shoppers.
During the month of January, the effects of Brexit will slowly dawn on the British public - probably when they receive their credit card statement, at the end of the month.
And matters will get a lot worse if trade deals can't be made with non-EU nations - and there doesn't seem to be too many of those on the horizon!
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