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Old 31.10.2017, 16:19
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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And what you definitely did not notice is that exports have not gone up as a result of the low exchange rate. Instead of growing their business, UK companies have upped their prices and pocketed the gains. So the first benefit of BREXIT goes to the 1%....



Well the worst impact will most likely be on Ireland, but even then the UK only accounts for about 14% of exports and that is mainly in the agriculture sector. This has been well recognised and the Irish government has been pushing to find new export markets, for example:
Ireland making headway on China beef deal
Ireland set to significantly increase US beef exports
Egypt re-opens to Irish beef exports for the first time since the 1990s
Interesting how EU membership have not stopped Ireland from going after these opportunities with non EU states....

Of course the other side is that relying on large imports of Irish foodstuffs just got a whole lot more expensive for the average UK shopper. And having to impose WTO import tariffs on top of that is there is a no deal outcome...
Your an accountant, why on earth would you cut your due to higher profits? Stocks are owned by way more than 1% which I am sure you know.
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