Brexit benefit

[rambaugh]

The UK represent's only 4% of the EU's trade, the EU represents almost 50% of the UK's trade. If the French shut the border the French supermarkets will have 4% less food, the UK will have 50% less food.

If the UK were to have a trade dispute with the Pitcairn Islands and the Pitcairn Islands exports £100,000 worth of goods and the UK exports £150000 worth of goods. Then although the UK exports more, losing that amount of exports is a pin prick, whereas £100,000 is a substantial part of the Pitcairns economy, so taking a massive hit. That illustrates why arguing with absolute figures is nonsense.

Except this kind of thing will never happen and is why the EU agreed a UK a trade deal to come in to effect on 1 Jan 2021.

[DaveB]

Except this kind of thing will never happen and is why the EU agreed a UK a trade deal to come in to effect on 1 Jan 2021.

It will because the trade deal includes clauses allowing either side to take action should the other do something that harms trade in any way.

If the UK starts subsidising industries, changing regulations or anything that penalises EU countries then the EU is able to take action in retaliation. At which point that kind of thing will happen.

[rambaugh]

It will because the trade deal includes clauses allowing either side to take action should the other do something that harms trade in any way.

If the UK starts subsidising industries, changing regulations or anything that penalises EU countries then the EU is able to take action in retaliation. At which point that kind of thing will happen.

Sure the EU could use that as leverage to try and hold Britain back but this wouldn't be in the spirit of good economic partnering and eventually will just end up being a race to the bottom for all involved.

Also you must remember that Brexit will force Britain's economy to diversify and replace more and more trade it does with the EU with other global economies where it will then have less reliance on imports to the EU than it does now.

[BlasterBates]

Sure the EU could use that as leverage to try and hold Britain back but this wouldn't be in the spirit of good economic partnering and eventually will just end up being a race to the bottom for all involved.

Also you must remember that Brexit will force Britain's economy to diversify and replace more and more trade it does with the EU with other global economies where it will then have less reliance on imports to the EU than it does now.

Half of your trade is always with your neighbours. That won't change. Check out Canada, Mexico and Japan.

[AtW]

That definitely counts as a Brexit win! Just need to find out how to exploit this properly.

Speed back to your local supermarket with a trunk full of fresh EU produce.

If caught French cops might let you off but only if you are driving back to Blighty

[AtW]

Sure the EU could use that as leverage to try and hold Britain back but this wouldn't be in the spirit of good economic partnering and eventually will just end up being a race to the bottom for all involved.

This will be totally in the spirit of the “deal” Boris signed up to

[PCTNN]

eventually will just end up being a race to the bottom for all involved.

it will be a race to the bottom and this race the uk will win.

[hairymouse]

What I find interesting is that the government hasn't made a single concrete suggestion about what laws it will change to be more competitive. It's all very "abstract".

Something about crooked bananas? And I think there was something else about warning messages printed on bags of party balloons saying kids should not eat them. Those two will certainly be on the chopping block first and the tyranny will be lifted.

[NotAllThere]

That definitely counts as a Brexit win! Just need to find out how to exploit this properly.

Drive around France motorways at around 110mph or less, with only a fine to risk if you're caught by actual cops.

In 2-3 years time the Britain's economy will fully adapt to the change and be on a trajectory for greater sustained prosperity than could ever be acheived by being in the EU. Brexit has happened now so get on with it.

That's the spirit!

Gosh. There's no light here at all. But wait... I can hear someone... whistling! Phew. Everything will be fine.

[Paddy]

Drive around France motorways at around 110mph or less, with only a fine to risk if you're caught by actual cops.

That's the spirit!

Gosh. There's no light here at all. But wait... I can hear someone... whistling! Phew. Everything will be fine.

Slight bug here. On the spot fines in France and NPR at ports of departure.