WTO here we come!

[mummmy2017]

If one side Can't, and the other side Won't.
We get no deal and get WTO.
Thought this from the start and each day makes me surer this is what will happen.

You might want to google Minford's history. To say he is out on a limb would be an understatement. This is the guy who said not so long ago that brexit would destroy the UK's manufacturing base, but that was fine ...

Tariffs are only a small part of the issue for manufacturing exports, and the auto industry is a good example of this - for eg, differences in emissions legislation mean that vehicles are typically manufactured for a specific market.

Mistigri

You might want to read the first lines of my post above expressing scepticism that this article is the Brexit ‘free market’ bible.

But its some balance to ‘the UK’s world will end’ outside the problematic EU mentioned at the bottom of the previous page – where apparently the air smells sweeter when in the EU.

Production lines outside the UK can change engine spec etc for their markets, and once there are far less EU cars coming into the UK due to the ‘Brussels Trade War’, it will be more worth their while to add another engine type fork in their production lines, for when building UK cars – or if our standards are better than elsewhere, produce cleaner engines for every market – as how hard can it be e.g. German diesel emissions?

The UK can 'adapt' faster than a 27 state EU governed by Brussels can even recognise a problem or opportunity, never mind doing anything about it.

On the subject of cars, apparently current trade pacts generally require exporters to prove that 50 to 60 percent of a product’s components are from the originating country to avoid tariffs.

But U.K. cars are now just 44 percent British-made on average.

So over the next 2-5 years, the UK will have to go to all the bovver of importing less parts from the EU and all points East, and making more car widgets (whatever) here in the UK, no doubt employing more UK workers.

Damn the inconvenience.