[arthurus]

I suspect strongly that a no-deal Brexit will have economically beneficial results for Britain.

[Oatka]

I suspect strongly that a no-deal Brexit will have economically beneficial results for Britain.

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.

[PCPOET7]

I suspect that too...why does Brittan need to trade with the EU at all....I bet the united states would love to sell our agricultural products over there. the real reality is if Brittan plays nice on trade deals we will to.

[Cronos]

a no-deal Brexit is better than the uncertainty there is now, but on every other term it is worse for the UK. financial services companies and IT services companies are already moving work out to Poland, Romania, etc. Financial services front-office and banking work is being moved to Dublin, Frankfurt and even Paris and Geneva. Manufacturing companies are already moving as are services companies.

Much of the British manufacturing industry relies on Europe-wide supply chains where parts criss-cross borders. With a no-deal Brexit, this ends. So companies are moving to the continent. Many non-European companies kept the UK as their base entry into the EU. But now they are moving to different countries in the EU -- such as Kimberley Clarke, etc.

[Cronos]

Trading just by WTO is not good for England:

The UK exports 44% of all trade to the EU so the UK will face MFN WTO tariffs imposed by the UK’s (by far) largest trading partner, the EU.

The demand for much of the UK exported farming produce will immediately fall with EU MFN tariffs as high as over 80% for some beef products and an average of over 30% for dairy produce.


1. since there are now new applicable tariffs, there will be new requirements for customs checks --> Trucks 'face six day wait delay at Dover' in a no deal Brexit
   
   
2. Supply chains: To provide cargo road transport services between EU countries or entirely within one EU country, a firm requires a ‘Community Licence’ issued by an EU Member State. On Brexit Day 1, Community Licences issued by the UK will not be accepted by the EU. Moreover, Community Licences are issued only to firms registered in the country issuing the licence, so UK firms may not be able to obtain a new licence unless they re-establish within the EU-27. There is a system of permits which allows a limited amount of truck drivers from certain countries without a Community Licence to enter the EU every year. For the UK, that limit is 1,224 permits annually. For reference, 500 trucks cross into the EU from the UK daily.
   
   
3. This WON't "free the UK from EU regulation" -- In the decades of UK being a member of the EU, the UK has objected to only 72 EU regulations out of 4,514 proposed. The entire list is here: The 72 laws the UK voted against as examples, the UK voted against
   • A ban on livestock growth-boosters with hormonal, thyrostatic or beta-agonist effects (carcinogenic residue in meat) https://eur-lex.europa.eu/legal-...
   • Safety advisers dealing with transport of dangerous goods on public roads must be properly trained and regulated https://eur-lex.europa.eu/legal-...
   • Trucks for livestock journeys over 8 hours must have bedding, feed, water, ventilation, partitions and access for inspectors EUR-Lex - 31998R0411 - EN - EUR-Lex

   For real the WTO rules only will help the UK /sarc

   I'm really looking forward to Brexit and seeing what happens over the period 2019-2022.