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Old 21-02-2016, 14:49   #516
Kymmy
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re: [Update] The UK votes to leave the EU

Quote:
Originally Posted by Osem View Post
Why would Europe want to stop selling us their stuff? IIRC we buy more from them than they do from us.
Import duty for starters, try adding 10-20% on anything coming from the EU. Also our goods to them would be dearer..

Quote:
Originally Posted by Osem View Post
If the argument is that they'll seek to punish the UK (and themselves) for having the temerity to leave the club are they really people we want to be bound to?
It's not punishment but instead the cost of doing standard business with the rest of the world. If we're not in the club then we shouldn't expect the benefits from the club and being in that club for 40+ years has skewed costs of products, services...etc.. for a number of those years to a point where we don;t expect it to change yet change it will if we leave. So on that account we can either take the increased costs hoping that the rest of the world will try to step into the gap and offer us cheap goods/services.. or we can stay in the status quo and have freedom of trade with the rest of the EU.
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