UFGN wrote:133 BN in exports. By far our biggest exporter. Three times bigger than the US
The consequences of delays at the border due to bureaucracy mean more expensive food imports and exports as perishable items become less profitable. Even e few hours matters a lot.
The cost of a £12000 car imported from germany goes up £240 under WTO rules
The cost of a Rolls Royce aircraft engine sold to France costing €33M (yes, really)... goes up €660,000
How much will the servicing aspects on that engine deal cost?
How much tax will there be on financial transactions between London and Frankfurt? On an insurance policy sold to a Dutch company?
As I said you're all just guesswork and spin .... Rolls Royce produce nearly a third of all the world's aero engines, they make them in over 20 different countries, do you think that's going to change even 1% after Brexit? if so please explain why?
Just for a comparison, Boeing, who also produce a third of the world's aero engines, sell just as many to the EU as Rolls Royce do .. yet they are not part of the EU, so how is that possible?
Whilst we're talking about a 133,000,000,000 export business, you're talking 240 quid on a car? if it wasn't so serious it would be feckin' laughable ....
The bottom liner is, just like everyone else, you can't say for certain what will happen because nobody knows what the variables will be ....
Just take two variables - if the tax on exports goes up by 10% but the pound drops by 15% then what happens?
The reality is all you can do is look at other countries in a similar position - Norway and Switzerland being the obvious two - both of these countries have a greater proportion of trade with the EU than the UK does, it works very well, so why would the UK be treated any different?
When you talk about the
'project of fear' take a look back at what you've written, right now it's all pure guesswork and speculation .... so who's the one trying to spread fear?