The Mudcat Café TM
Thread #162903   Message #3884272
Posted By: Steve Shaw
24-Oct-17 - 09:22 AM
Thread Name: BS: Catalonia: pros and cons of separation
Subject: RE: BS: Catalonia: pros and cons of separation
Trade deals involving the EU and WTO won't be affected by brexit. Why do you keep going on about that?

"You cannot have both?" I didn't say anything contradictory in those two quotes.

No deal will result in a high price. Our future trade with the EU will involve tariffs. Our trade under WTO rules will involve tariffs. We are net importers of goods, therefore tariffs will hurt this country. No deal means a collapse of business confidence - see yesterday. It could mean businesses relocating out of this country with the loss of jobs. Bureaucratic barriers that currently don't exist will severely affect our services sector. Major financial institutions are already considering their options. The pound will probably go even lower, making imports expensive. Inflation is already rising as a result of the devaluation. Our economy is already struggling (far more than other major EU/G7 countries). Look at the latest growth and productivity figures. Above all, we have an incompetent, weak and rudderless government. We don't even know what the deal will be yet but we are already paying a high price. Still, do enjoy the view as you fall ever faster and don't look at the ground coming up at you.