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Re: Post-Brexit Thread
Perhaps they may do what has been suggested we do - find different markets without those tariffs for their goods and services...
Here is the actual article from Civitas.
http://www.civitas.org.uk/reports_ar...r-eu-uk-trade/
Quote:
This is a reflection of the current balance of trade between the EU and the UK. As a net importer of EU goods the UK government would potentially collect over twice as much in tariffs on EU goods than would be levied on UK goods going to the EU.
Of course, a high-level aggregate approach of this nature obscures the direct impact on the ground. It is unlikely to provide much comfort to a British exporter facing higher costs to learn that overall the UK is a net ‘winner’ or to be told that his overseas competitors are left in an even worse position. However, the £12.9 billion in additional revenues would provide the UK government with significantly more funds than our EU counterparts to invest in boosting the UK economy, or to implement on ‘mitigation’ measures to counteract the impact (within the bounds of WTO rules).
That said, these tariffs would be a cost that would be damaging to both UK and EU exporters and should put pressure on both sides in the negotiations to achieve a deal that is in the interest of their own economies.
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