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Old 01.10.2018, 12:38
Urs Max Urs Max is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
The United Kingdom could unilaterally decide to leave the border open.

The ball would then be in the EU's court.

At the same time exports will be faced with tariffs according to WTO default. That combination would almost certainly destroy what's left of the domestic industry, farming, and fishery. Say hello to a surge in joblessness.

And of course there's the not-so-small problem with ensuring product quality, levying customs fees, VAT, and whatever else needs to happen. Say hello to an increased budget deficit and more austerity on the "small" people's shoulders.
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