Re: This puts Brexit in a nutshell.
Hi
A simple statement of fact.
We have not left the EU yet.
We have all the advantages of the Single Market with the advantage of a serious fall in the £.
75% of our exports to the EU are Services, which are not covered by WTO Rules, which relate solely to goods.
Leaving with no deal results in an increase of £4.8 Billion in increased WTO Tariffs to the UK, to the loss of the EU.
It also gives us a net saving of £8.6 Billion a year in EU Contributions. a total saving of £13.4 Billion.
Against that we suffer an immediate loss of £20 billion in Banking alone and a loss of £11 Billion in other Services on tax take.
That, in real terms, is a 50% increase in Austerity.
We also lose, immediately, our free trade agreements with 80 odd other Countries negotiated as part of the 40 years we have been in the EU.
We are desperately trying to avoid that by means of a process called Technical Unification.
It only needs one EU Country to object and no go.
We are now asking the EU for a transition period to get ourselves ready, two years for WTO Rules and five years for Immigration.
I find this totally appalling.
We are going to get stung badly.
It is incompetence of the highest order.
I absolutely loathe and detest Merkel and Juncker, I do not want to pay them a penny more than we have to.
We have committed to EU Funding until 2020, our own Government have done that.
The sensible thing to have done was to delay Article 50 until next year, used the time to get everything ready and ten told them to naff off from a much stronger negotiating position.
There would have been no Brexit Bill due then.