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Old 25.10.2016, 23:55
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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UK sales to Europe will be a doddle as the currency has dropped nearly 20%, perhaps they should invest more in the UK? European plants will loose out, even more so with a hard BREXIT.
For that to actually work though you'd need to be producing something with 100% UK inputs and even then you'd still have labor pressure due to falling purchasing power.

Most manufacturing these days is really assembly - you import parts and add some more parts to make some other components, which then might well end up being exported and imported again as part of something else. So it is not just cost in tariffs but time and uncertainty due to customs clearance.
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