Quote:
Originally Posted by Kymmy
Import duty for starters, try adding 10-20% on anything coming from the EU. Also our goods to them would be dearer..
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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Well yes that action would result in retaliation, hence my point. Any levies imposed on our goods would be balanced by levies we'd make on theirs. Not ideal clearly but they'd still lose more than us and some UK business would be boosted by home produced goods being relatively cheaper than theirs. Don't get me wrong, it's not something I'd recommend or something that's even necessary. I don't see why the EU would do that, especially knowing that the Germans would be the main losers since they are I believe the biggest EU seller into the UK by a country mile.
I don't see any reason for the above to happen when it would suit all the struggling EU economies to come to a mutually beneficial arrangement with the UK. Let's face it, as with expats, if the UK leaves, both sides are going to have to negotiate all sorts of new agreements.