Quote:
Originally Posted by Ignitionnet
I'd have another look at those figures. They account for 12-15% of the UK economy, not UK exports. The first line of the article you linked indicates 44% of exports, with the 'Rotterdam effect' accounting for about 2% of that 44%.
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My bad and I grant you that correction, so that means the total effect to UK economy if we left with no trade agreement would be a maximum of 12-15%.
However, WTO rules would kick in and would to some extent reduce that figure as would trade under WTO with the rest of the world until trade agreements were finalised. This (potentially) could mean a boom in the UK economy.
Not so much of the "Doom and Gloom" scenario now is there?
Is there nothing else in my post you disagree with?