"The world will end in twelveteen years INNYWAY!!"
Posted on 01/27/2019 2:15:36 PM PST by Berlin_Freeper
The UK will be unable to have frictionless, tariff-free trade under World Trade Organization rules for up to seven years in the event of a no-deal Brexit, according to two leading European Union law specialists.
The ensuing chaos could double food prices and plunge Britain into a recession that could last up to 30 years, claim the lawyers who acted for Gina Miller in the historic case that forced the government to seek parliament’s approval to leave the EU.
It has been claimed that the UK could simply move to WTO terms if there is no deal with the EU. But Anneli Howard, a specialist in EU and competition law at Monckton Chambers and a member of the bar’s Brexit working group, believes this isn’t true.
“No deal means leaving with nothing,” she said. “The anticipated recession will be worse than the 1930s, let alone 2008. It is impossible to say how long it would go on for. Some economists say 10 years, others say the effects could be felt for 20 or even 30 years: even ardent Brexiters agree it could be decades.”
The government’s own statistics have estimated that under the worst case no-deal scenario, GDP would be 10.7% lower than if the UK stays in the EU, in 15 years.
(Excerpt) Read more at theguardian.com ...
The Gaurdian -read no further.
I suspect strongly that a no-deal Brexit will have economically beneficial results for Britain.
Hey, UK, Over here
Join NAFTA.
Folks, remember this when your globalist friends start insisting that we need to consider the global community. It’s for our own good.
Don’t sweat the small stuff
I hope the US and UK are working behind the scenes to do what we can to ease the transition - IMO, it is in our interest to do so.
And, maybe when some of the other EU members see how well it worked out for the Brits, they will seriously consider their own exit. Maybe this is why the anti-exit types are predicting Doom and Gloom.
No deal, no WTO and no NAFTA.
That leaves pirating.
Bwahaha! The fear mongering here is epic.
I suspect President Trump will give them a great trade deal if they ask. I’ve shopped in the EU - high prices, limited selection. They would be much better off trading fairly with the US.
That is total crap from the Guardian. The UK has robust trade with the United States and many other nations that are not part of European Community. The UK is a net subsidizer to the European Community and not a net beneficiary. France sure as hell will not refuse to sell their cheese (they make good cheese) wine, Puegots etc. to the UK. If France imposes great taxes on UK products the UK will do the same to France, Germany etc.
This is nothing but scare tactics by the hard left wing Guardian which is a one worlder newspaper. The original concept of the European Economic Community was brilliant. It promoted free trade and commerce among its members. It was wildly successful. It slowly morphed into "European Government," which today is called the European Union. That is why the new European Union is failing. Individual nations do not want other nations determining their individual domestic policies and laws.
Also, the boogey man will get them, and then climate change.
If you insist on freedom from the Globalist rulers you will be starved.
( I think Stalin had a similar program)
I forgot to add, Norway is not a member of the European Union. They have negotiated their individual trade deals with the Union Nations. Norway is economically robust today.
Hyperbole much?
The Guardian...faithful servant of Europe’s Swamp since 1688.
"The world will end in twelveteen years INNYWAY!!"
The ensuing chaos could double food prices and plunge Britain into a recession that could last up to 30 years, claim the lawyers who acted for Gina Miller in the historic case that forced the government to seek parliament’s approval to leave the EU.
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They’re laying on the bull crap so deep that it’s time to get out the hip boots. This gloom and doom campaign was highly predictable.
Does anyone remember the doom and gloom predictions that said the nations that didn’t prepare for “Y2K”? Well, the year 2000 arrived and things didn’t fall apart in Italy, Bulgaria, etc., etc. BREXIT will likely also be ANTICLIMACTIC!
A deal will be made. If it has problems it will be modified.
There’s way too much wealth and economic well being involved on both sides to go naked.
And neither can the Reich...oops, I mean the EU.
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