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Originally Posted by Chris
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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It's not just the selling and buying of cars that's the issue though. It's about where those cars are made, regulations on cars and how the EU trade deals help car manufacturers access foreign markets.
The car industry would rather stay:
https://next.ft.com/content/ab31282a...a-00144feabdc0
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Aside from possibly restricting access to the single market, a potential exit would vastly reduce the UK’s bargaining power in trade negotiations with fast-growing emerging markets such as India and leave it unable to influence debates on future regulations and standards for EU vehicles, the report says.
An exit would also see UK manufacturers cut off from generous research and development funding from Brussels and restrict movement of labour between UK factories and their mainly foreign owners.
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