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Old 25.03.2017, 12:24
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Again, the devil is in the details.
Can the British factories supply all the necessary components or will they have to import from abroad? If they don't depend on imports then yes, they can produce at a lower cost thanks to the lower GBP (lower personnel costs).
Furthermore, if the British economy fairs well we can expect the GBP to bounce back, rightd
Two things. Actually the uk has quite a lot of companies that make components for the car industry. This is one reason why cars are still being made in the uk.at all. Secondly, tariffs can be reclaimed on export. So if there is a tariff barrier against foreign parts, but the car gets exported, the value of the tarriff can be reclaimed.
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