Britain's trade options after Brexit - no easy way out | Reuters
Ouch.
Double ouch.
Triple ouch.
Lets face it, the whole Brexit thing is a complete waste of time. This is a power struggle with us caught up in the middle. There can be only one winner. No one remembers a loser.
FREE TRADE DEAL WITH THE EU
The EU is Britain's biggest trading partner and a priority for London after a Brexit vote would be to minimise the hit. That could be tough given that 44 percent of Britain's exports go to the EU compared with the 8 percent of the EU's exports that go to Britain.
The EU is Britain's biggest trading partner and a priority for London after a Brexit vote would be to minimise the hit. That could be tough given that 44 percent of Britain's exports go to the EU compared with the 8 percent of the EU's exports that go to Britain.
NORWAY OPTION
Britain could follow Norway's example and try to do a trade deal that would keep its access to the EU's single market as part of the European Economic Area as well as European Free Trade Association. That would allow British-based banks to carry on doing business in the EU.
But Norway pays a contribution to the EU budget as large as Britain's, when measured per person.
Britain could follow Norway's example and try to do a trade deal that would keep its access to the EU's single market as part of the European Economic Area as well as European Free Trade Association. That would allow British-based banks to carry on doing business in the EU.
But Norway pays a contribution to the EU budget as large as Britain's, when measured per person.
A post-Brexit British government would have to explain to voters why it was sticking with some of the most unpopular EU requirements while giving up its voice on regulation.
Lets face it, the whole Brexit thing is a complete waste of time. This is a power struggle with us caught up in the middle. There can be only one winner. No one remembers a loser.
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