Project reality? - 29th Dec 2018 11:16am
Effects of a no-deal brexit
1. A large drop in the value of the pound which will mean all imported goods will go up in price and foreign holidays will be more expensive
2. We WILL have to pay the £39 billion. This is money already committed to EU projects. Not paying it would destroy trust in us as a potential trading partner with other nations
3. The foreign companies like Nissan, Toyota, Sony etc who established companies in the UK to supply the whole of teh EU will move out to avoid EU tariffs. The resulting unemployment will mean higher taxes.
4. We - and the EU would have to erect customs posts at the Irish border. We will see a resumption of the chaos we saw in the past.
5. The in desperation to get a trade deal - any trade deal - will sign any disadvantageous deals offered - probably with Trump as top of the list. Enjoy your GM food and hormone stuffed chlorinated chicken!
7. Our financial sector will depart lock, stock and barrel for Frankfurt, Paris and Dublin. In order to trade within the EU they will have to relocate there. This will double our trade deficit and cause the pound to fall further.
8. Without access to the Galileo system, our drones and cruise missiles will be useless. A UK version will take decades and cost tens of billions of our falling pounds.
9. In an attempt to attract inward investment, workers rights will be cut down even further than they are already.
10 . Human rights guaranteed by the EU in the past will be denied us.
I could easily list another dozen major problems, but as our MPs - from all parties - are well aware of them and are united in opposing a hard brexit, I won't bother. It is about the only thing they agree on and 85% of them are prepared to vote against it ever happening. Thank god, there aren't that many nutters like JRM and co. and despite the noise they make, they won't have much effect. A hard brexit is simply not going to happen.
It seems to me that a second referendum is now inevitable. The Government has got itself into a situation where they are unable to accept a free trade settlement or to accept a no-deal brexit, and there is really no alternative to going back to the people to make the decision.
This would be won by remainers now, quite easily due to two years of deaths of the 'Leave' voters, new 'Remain' voters reaching the age of majority and the fact that the 'don't knows' have realised what a cock-up leaving would involve and I suppose a few leavers who have changed their minds.
Irritating for the brexiteers, but having won the battle they have probably lost the war!
1. A large drop in the value of the pound which will mean all imported goods will go up in price and foreign holidays will be more expensive
2. We WILL have to pay the £39 billion. This is money already committed to EU projects. Not paying it would destroy trust in us as a potential trading partner with other nations
3. The foreign companies like Nissan, Toyota, Sony etc who established companies in the UK to supply the whole of teh EU will move out to avoid EU tariffs. The resulting unemployment will mean higher taxes.
4. We - and the EU would have to erect customs posts at the Irish border. We will see a resumption of the chaos we saw in the past.
5. The in desperation to get a trade deal - any trade deal - will sign any disadvantageous deals offered - probably with Trump as top of the list. Enjoy your GM food and hormone stuffed chlorinated chicken!
7. Our financial sector will depart lock, stock and barrel for Frankfurt, Paris and Dublin. In order to trade within the EU they will have to relocate there. This will double our trade deficit and cause the pound to fall further.
8. Without access to the Galileo system, our drones and cruise missiles will be useless. A UK version will take decades and cost tens of billions of our falling pounds.
9. In an attempt to attract inward investment, workers rights will be cut down even further than they are already.
10 . Human rights guaranteed by the EU in the past will be denied us.
I could easily list another dozen major problems, but as our MPs - from all parties - are well aware of them and are united in opposing a hard brexit, I won't bother. It is about the only thing they agree on and 85% of them are prepared to vote against it ever happening. Thank god, there aren't that many nutters like JRM and co. and despite the noise they make, they won't have much effect. A hard brexit is simply not going to happen.
It seems to me that a second referendum is now inevitable. The Government has got itself into a situation where they are unable to accept a free trade settlement or to accept a no-deal brexit, and there is really no alternative to going back to the people to make the decision.
This would be won by remainers now, quite easily due to two years of deaths of the 'Leave' voters, new 'Remain' voters reaching the age of majority and the fact that the 'don't knows' have realised what a cock-up leaving would involve and I suppose a few leavers who have changed their minds.
Irritating for the brexiteers, but having won the battle they have probably lost the war!