Fears that UK is heading towards 'train crash' Brexit
https://www.theguardian.com/politics...n-crash-brexit
We can always resort to WTO rules though. Oh hang on a minute
So if you are a supporter of Brexit how much of a hit are you prepared to accept before you change your mind?
https://www.theguardian.com/politics...n-crash-brexit
Quote:
“Sir Tim Barrow, Britain’s new permanent representative in Brussels, faces the daunting task of stopping what colleagues and critics suspect is a tumble towards a disorderly exit from the European Union.
Where once the choice was between hard and soft Brexit, the new worry in diplomatic and business circles is that the UK is heading for “train crash” Brexit, a scenario in which incompatible negotiating demands from Downing Street and the other 27 member states result in Britain walking away without a deal on either the terms of separation or future trading relations with the EU.”
“Sir Tim Barrow, Britain’s new permanent representative in Brussels, faces the daunting task of stopping what colleagues and critics suspect is a tumble towards a disorderly exit from the European Union.
Where once the choice was between hard and soft Brexit, the new worry in diplomatic and business circles is that the UK is heading for “train crash” Brexit, a scenario in which incompatible negotiating demands from Downing Street and the other 27 member states result in Britain walking away without a deal on either the terms of separation or future trading relations with the EU.”
We can always resort to WTO rules though. Oh hang on a minute
Quote:
“The problem is that even moving to WTO tariffs would require agreement. Other signatories around the world would need to accept that Britain had a right to inherit the same rates negotiated with the EU. In the case of agriculture, where there are shared quotas in place to limit cheap imports, Britain would have to negotiate its share with French farmers or risk losing entire export markets.
“People like Fox suggest it will be an easy and painless process [to inherit WTO rules] but I am not really convinced of that,” said McGivern. “It will be relatively easy for industrial goods but not for agriculture. Because the pie has to be split, it becomes a zero-sum game.””
“The problem is that even moving to WTO tariffs would require agreement. Other signatories around the world would need to accept that Britain had a right to inherit the same rates negotiated with the EU. In the case of agriculture, where there are shared quotas in place to limit cheap imports, Britain would have to negotiate its share with French farmers or risk losing entire export markets.
“People like Fox suggest it will be an easy and painless process [to inherit WTO rules] but I am not really convinced of that,” said McGivern. “It will be relatively easy for industrial goods but not for agriculture. Because the pie has to be split, it becomes a zero-sum game.””
Quote:
“Many of the Tory sceptics pressuring Downing Street fear all this talk of transition arrangements is a trap to prevent the Brexit referendum result from being implemented.
“They are looking for ways they will be betrayed,” said Mark Leonard of the European Council on Foreign Relations. “They don’t want to get bogged down. They would rather just take the economic hit.””
“Many of the Tory sceptics pressuring Downing Street fear all this talk of transition arrangements is a trap to prevent the Brexit referendum result from being implemented.
“They are looking for ways they will be betrayed,” said Mark Leonard of the European Council on Foreign Relations. “They don’t want to get bogged down. They would rather just take the economic hit.””
So if you are a supporter of Brexit how much of a hit are you prepared to accept before you change your mind?
