We should walk away anyway - no offers of negotiation, then the ball is in their court if they wish to trade free with the UK they can ask, this will benefit them more than us. You know this already and you are just playing :Watching:
No it hasn't. Its been guessed at. Germans sell us cars. Yep. But we are not even Germany's biggest car market in the EU. We sell them services. Lots and lots of services. Services are much harder to trade cross border without free trade. Brexit fallout analysis by BAML: UK, EU and German trade negotiations - Business Insider
Look at the balance of trade figures for the UK; of the top 25 trading partners, only 7 are in the EU. Of these only 1 -Ireland brings the UK a net positive balance of trade, the rest are in deficit to the tune of £25+ Billion. Germany alone is £10 Billion net deficit - 40% of this net EU deficit - imagine how it would impact their economy if they couldn't trade with us or the EU imposed 10% tariffs & we reciprocated. The main imports are manufactured goods, cars, pharmaceuticals, all things we could arguably produce ourselves or get from other markets. If tariffs were imposed, price rises would price them out of the market and in addition to exchange rate effects driving up the cost of imported goods, whilst lowering the prices of our exports. There is still a good economic argument for us to exit and play in global markets without being constrained by the EU whilst retaining access to the EU market, because of the economic access the EU needs to the UK market - at least for the time being. The main worry would be, of course, financial services access & EU trading, and the near-term impact of the shock to the markets. And having the right leadership to negotiate is clearly a bit challenging.....
47% of our exports are to the EU. 52% of our imports are from the EU. In some months this year those figures have been the other way round. We will both suffer significantly if those figures dropped dramatically.
The only person saying trade will stop is you. Everyone else thinks it will continue whatever the final outcome. Plus we'll be more open to the rest of the world. If.......as above, I think you'll find life will go on.
No, that is just your inability to read and understand sentences. What was actually said was that we import more from the EU than we export to the EU, therefore it is just as much, if not more, in their interests to get a deal than it is ours. So, just to be clear, we need to trade with them and they need to trade with us but they have more to lose than us if that trade is made more difficult. Now, think about that for a while ...
Pounds and Euros don't come in percentages, 47% of a big number is bigger than 52% of a small number. It is in neither the UK nor the EU's interests to make trade more difficult. If we don't get a deal we switch to WTO rules and continue to trade with the EU. Got that ?
OK parting shot.....I do hope we get out before the EU/Euro/Banks explode! It really could just be a matter of time.
