Quote:
Originally Posted by nomadking
What free trade deal? Where does it say that? Unless the EU are planning to hold us hostage with the backstop.
From the Withdrawal Agreement.
Link
IE there is NOT a deal currently in place or even offered. |
It could be extended until December 2022.
https://www.irishtimes.com/news/worl...tant-1.3671622
---------- Post added at 20:49 ---------- Previous post was at 20:35 ----------
A timely reminder from the Chancellor about the economic impact of a no deal. These do include a generous allowance for free trade deals with the US and others.
Quote:
Mr Hammond also repeated warnings contained in a government Brexit analysis from November 2018 about the cost to the exchequer of a “modelled no-deal scenario”, saying it would leave a hole in the public finances of “£90bn a year”.
In fact the analysis suggested the impact would be £95bn under that scenario, compared with a £72bn hit if there was a “modelled average free-trade agreement” with the EU, and a £22bn loss under a Norway-style close relationship with the bloc.
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https://www.ft.com/content/d63ad18c-...e-8b459ed04726