That's right, that's the amount that the EU could lose if they don't find a way to keep the UK within the protectionist zone.

With the UK leaving the common market, the rest of the world will now have a chance at selling to us. This puts things like Irish Beef at risk from cheaper argentinian beef or cars and car parts open to the world market.

On top of that, the EU financial services markets are going to need a form of passporting to allow them access to the UK market. I expect that most of the advanced EU countries will stay equivalent to the UK sector to allow this, although as we know they will need to apply to the FCA for these and that could take a while.

So the question is will all of these imposed tarriffs and passporting rules that the EU wants to impose make or break any of the other EU countries.

I suspect that no matter what Germany will come out ok, but what about Italy or even spain with it's massive trade surplus in services to us, will they survice!

Yawn....yet another trolling Project Fear thread from the doom & gloom Leave merchants.

You might wanna read the OP again

Well I suppose you would know all about such threads from the doom & gloom Remain merchants.

What end of the stick are you holding?

£290BN/yr is the current total EU=>UK exports
https://fullfact.org/europe/uk-eu-trade/

Are you saying that the UK will stop all trade with the EU after Brexit?

Are you saying that the UK will definitely impose tariffs on EU imports?
(to reciprocate automatically imposed trade bloc tariffs for non-members)

Under WTO rules, we (as a single country) are not obliged to impose tariffs on other countries or blocs.
However, if we do, then the same MFN WTO tariffs for the same goods have to be applied to all other countries, i.e. if you have 0 tariffs for one country then you must have 0 tariffs for all other countries for the same products.

So it would be detrimental to us if we imposed tariffs on the EU, because then we wouldn't be able to exercise free trade under WTO rules with any other country, and would need to set up FTA deals with them all instead (to remove the tariffs)... which could take quite some time....

The EU on the other hand is a trade bloc / customs union / glorified protection racket, and WTO tariffs are automatically imposed on all non-members by default (the average tariff may only be around 3%, but it's 10% on cars and 20-40% on agriculture). The only way for non-members to remove them is via an FTA deal (for goods and some services) - with European countries having other options such as EFTA (for goods, services & capital) or EUCU (for goods only, not services/capital).

Yes, I expect there to be less trade between the UK<=>EU after brexit, but a certain percentage of it will continue.... though, as you say, the most losses (on both sides) will be due to there being no two-way free movement of services, financial services, capital & banking passport (and labour, in some cases) - unless there's some kind of bilateral agreement deal to keep/reimplement them (whether via EEA/EFTA or FTA) - again, which could take a considerable number of years.

As always, we shall see....

Quite correct. Both sides stand to lose massively from a so-called "hard-Brexit".

There would be no Project Fear V2 to fantasise about if we hadn't had Cameron and Osborne's ridiculous 'Rant & Threat' double act prior to the vote.
And, as we all know, 'Leave merchants' will enter 2017 chirpier than ever, while the turning of the calendar will send Remain diehards into increasing despondency.

Now being spun as "Clean Brexit" apparently!

I do wonder how the EU will sell recession to it's own citizens on the back of the UK being treated like a leper. You hope that sense will prevail.

What drugs are you on?

He voted to Remain in the EU Ref.

If you have a choice of selling to 70m customers or 400 million customers, which customer base do you chose?
The answer is both, as long as you continue to make a profit.

You really think businesses around the world will stop trading with Germany & France because Britain businesses have started offering inferior products at higher prices.

Of course you could be right. Our government could cut corporation tax to zero, dispose of business rates, give subsidies to our private companies & remove employee pay protection to ensure we are competitive.

So the UK becomes the Del Boy of the world, wheeling and dealing in cheap tat, peddling trash, dumping surpluses and being dumped on. No market stability or influence in the corridors of power, no respect, no hope. Just a greedy bunch of con-artists out to shaft each other and anybody else they can, with a down-trodden work-force, put-upon and submissive. What a prospect, just to show how prejudiced and anti-European you are. It's pitiful. Cutting off your nose to spite your face, I'd call it.

Do you have any credible evidence that the EU intend to treat us like a leper?