"we will be chased for payment, possibly through legal process, for years." - Shaw
Wrong - there is no legal obligation for us to pay anything and absolutely no legal means or court in which the EU could present, or pursue their claim. But Shaw, were they to attempt to do so, they would have to both quantify and justify what it was that they are claiming - TRUE??
"We are not suddenly going to stop selling to and buying from the EU when we leave." - Shaw
Well hopefully not Shaw but that seems to depend on the member states of the EU doesn't it? After all we will have a choice that we currently do not have we can go looking elsewhere for the same, or similar goods and produce and as the fifth largest economy on the planet with a population of some 65 million I think that we will be viewed as a reasonably good prospect as long term customers.
"After 2019 we will still be driving around in beamers and quaffing Prosecco and eating lots of EU-produced food." - Shaw
Really Shaw? Your opinion not fact. I have never driven around in a "beamer" and I do not quaff Proseco, so that comes down to customer choice - also have a look at how much of the food in our supermarkets comes from outside the EU:
"Based on the farm-gate value of unprocessed food in 2015, the UK supplied over half (52%) of the food consumed in the UK. The leading foreign suppliers of food consumed in the UK were countries from the EU (29% of the food consumed in the UK) and Africa, Asia, North and South America (all providing a 4% share). Two countries accounted for 69% of UK imports of fresh vegetables. Three countries accounted for 54% of unmilled wheat imports, and four countries accounted for 44% of UK imports of fresh fruit.
It is worth noting that around 160 countries make up a significant portion (about 12%) of our food imports ? making the UK?s tastes truly global and integral to the world economy.