re: [Update] The UK votes to leave the EU
We have a trade deficit with the EU and Germany, in particular, sells a lot of high-value machinery here. There might be some petulant nonentities in the European Parliament that would like to "punish" the UK for leaving, but it's not up to them. The trade arrangements between the UK and the EU would be decided by the Council of Ministers, where Angela Merkel will make damn sure her industrial base continues to enjoy privileged access to our market.
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