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Old 13.10.2016, 19:49
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marton marton is offline
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Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

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A mind-blowing concept, but you don't only eat strawberries in March. And you don't have to eat bananas. If food from outside the UK is more expensive, then it would support cheaper UK produced substitutes. Substitutes don't have to be the exact same thing.

So maybe more British apples will get eaten instead of bananas - which will then overall improve the UK's balance of trade.

That said, if the UK leaves the customs union, the UK government will be able to decide whether bananas represent a serious threat to British farmers and agriculture and can change the import tariffs on them. If they decide not, they could eliminate the tariffs and bananas would be cheaper than in the EU even with the GBP devaluation.

Amazing what control over your own trade policy can do, huh?
There is no surcharge (tariff) on banana shipments from former European colonies in Africa and the Caribbean.

I don't know why people who support Leave must continually twist the facts?

Sad business; thank God for the Internet where we can search for facts
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