So the Europeans that export to our country will suddenly stop will they? They would the lose business.
@threatmatrix
No thats not what people are saying.
If we go to WTO terms which No Deal would mean, that involves customs checks we currently don't have, and customs tariffs which we don't currently have.
This would disrupt the length of time it took for goods to come from the EU and arrive in UK stores / factories and make things more expensive.
Before we joined the Single Market in 1992 our industry was equiped to do this, and we had a supply chain which included more warehouses. However being a member of the Single Market removed the need for this, so we switched to a system where goods went straight from suppliers in Europe to UK buyers where the factory is set up to the minute to recieve produce as they need it for the production line or is sent immediately to store instead of a warehouse stage.
This also was bad for parts of the UK food industry (diary farming being a notable one) which led to the closure of many dairy farms as they could not compete with EU suppliers thus making us much more dependent on the EU for certain products we were previously much more self sufficient in. It was also very good for other parts of the UK food industry as it allowed us to export far more (notable would be offal which we didn't really eat but there is a large demand for in Spain). It also allowed us to import things like fresh tomatoes out of season much cheaper and out of season in a scale that we hadn't previously which has affected our expectations as a nation and how we cook and what we cook.
So its a system shock which MIGHT produce delays due to extra customs checks or shortages of certain products due to issues with paper work or volatile and large price rises for certain products because of new customs tariffs. How the system is set up and what the public demand is very different to before we joined the Single Market and WTO terms are a lot less favourable than the bilateral deals we had with various EU countries prior to 1992.
It is a BIG change for which we are ill prepared and the public don't fully comprehend and the government have repeatedly refused to acknowledge for internal party political reasons.
Its not that the EU will stop trading with us - its that there are more barriers to that same trade that is the issue.