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Dawson Leery

(19,348 posts)
Thu Oct 26, 2017, 02:24 PM Oct 2017

What will happen to the UK once they leave the EU

https://www.politico.eu/article/brexit-cliff-edge-no-deal-departure/

"TRADE

What happens immediately?

Free trade between the EU and U.K. ends at midnight on March 29, 2019 — and both sides fall back on World Trade Organization tariffs.
The combination of such tariff barriers with delays created by new customs checks risks having a severe impact on food supplies and other goods that the U.K. imports from the EU.
Within hours to a few days, the additional costs of tariffs and delays will likely create problems for companies, supply chains and retailers that depend on goods traded with the EU27 — with impacts on almost every sector of the economy.
Prices in shops inevitably rise as a result."
4 replies = new reply since forum marked as read
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What will happen to the UK once they leave the EU (Original Post) Dawson Leery Oct 2017 OP
Smoot-Hawley on meth and steroids. Girard442 Oct 2017 #1
Ireland is talking about a handful of percentage points lost from GDP Pope George Ringo II Oct 2017 #2
Trump will try to force UK to become US colony, so he can get a ride in the Queen's carriage. nt NCjack Oct 2017 #3
I fear we'll go down the drain LeftishBrit Oct 2017 #4

Pope George Ringo II

(1,896 posts)
2. Ireland is talking about a handful of percentage points lost from GDP
Thu Oct 26, 2017, 03:05 PM
Oct 2017

Worst-case there is nearly 10% of Irish GDP disappearing.

There's a reason I'm more than halfway convinced that Trump was only the stupidest 2016 election result in North America and not the international champion. Voting for Brexit with no idea what that entailed was utterly disastrous.

LeftishBrit

(41,190 posts)
4. I fear we'll go down the drain
Sat Oct 28, 2017, 07:58 AM
Oct 2017

Especially if we crash out without a deal, and become solely dependent on WTF, I mean WTO, rules. Almost *all* countries nowadays are in some form of trading organization.

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