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Originally Posted by OLD BOY
Damn! That must mean the New Zealand lamb I had yesterday was off!
Honestly, Andrew! The EU is not the only place we will be getting our goods from post Brexit.
I think you place too much reliance on forecasts when forming your opinions and making your comments, most of which have proved wrong in recent times. They tend to concentrate on negatives without adequate consideration of the potential benefits.
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Lamb is a seasonal product and very popular in Britain and France. Britain in particular likes legs of lamb so supplies of domestic lamb are somewhat limited by the seasons and the fact that sheep only have four legs. To get around this, New Zealand can import over 200,000 tonnes in to the EU tariff free. Limited tariff quotas the EU uses work to fulfill demand while maintaining domestic business. Strangely, we import a lot of New Zealand lamb but also export a lot of lamb to France. Again, this is due to the UK market loving legs of lamb so a lot of the other bits are exported.
How about non-seasonal goods from cars to pharmaceuticals? What about industries such as the automotive industry that have notoriously short supply chains. I heard somewhere that Nissan in the UK holds less than half a days production of parts in stock. The further goods have to come, the more likely there will be delays and the longer those delays will be.
It's certainly not impossible that there are some sweet deals out there but the question is, are they sweeter than what we had?