Potential €20bn a year Hole in EU Budget.

[northernladyuk]

Indeed - which would hurt them more than us....

This is one of my favourite bretinisms.

[Hobosapien]

Indeed - which would hurt them more than us....

Benefit of being a net importer and net contributor with the EU. If they don't want us to buy their stuff at a competitive price we'll ask the rest of the world.

Though with our government they'll fold a strong hand and make do with playing blind cards and still try to bluff they way through.

[AtW]

Indeed - which would hurt them more than us....

Them? Who will be paying increase tariffs on imports from EU, residents of UK or EU citizens?

Who got better chance to substitute imports with other sources, UK or EU?

[northernladyuk]

Benefit of being a net importer and net contributor with the EU. If they don't want us to buy their stuff at a competitive price we'll ask the rest of the world.

Though with our government they'll fold a strong hand and make do with playing blind cards and still try to bluff they way through.

Have you considered that:

1. The trade between EU27 and UK is a much bigger % of UK trade than it is of EU27 trade.
2. Disruption to imports is also important, not just disruption to exports.

So the UK's hand may not really be that strong.

As a hypothetical (and extreme view - but it's just an exercise to illustrate), if all trade between EU27 and UK stopped, who would lose most (out of the two parties - the answer 'Ireland' is not valid!)?