Brexit trade talks are ‘going backwards’. Who benefits from leaving the EU, again?
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Michel Barnier: trade deal between the UK and EU is “unlikely”. But Boris Johnson said it was “oven-ready”!
Let’s get this right: before Brexit, the UK was part of the biggest market in the world, able to sell goods and services frictionlessly to 27 other countries.
Not only that, but the UK also benefited from the EU’s trade agreements with other countries and trading blocs, around the world.
This meant that our businesses paid no export duties on goods sold into the EU, and reduced duties on those sold elsewhere.
And what will be the situation after December 2020?
According to the latest reports, we will be reduced to trading on World Trade Organisation rules – meaning we will pay the highest tariffs possible.
And that’s not just with the EU countries. Has the UK actually signed a beneficial agreement with any other country or trading bloc?
It raises a pertinent question: Who benefits from Brexit?
I note that prominent industrial figures who advocated strongly for leaving the EU in 2016 subsequently upped stumps and disappeared abroad – lock, stock and multi-million-pound factories. Think Dyson.
Not only that, but strongly Brexiteer political figures, after securing the result they wanted for the rest of us, have quietly moved their own residences to EU countries – notably France – so they can continue to enjoy the benefits of living in the EU while having deprived the rest of us of them.
What do we get? How do we benefit?
Source: Brexit trade talks actually ‘going backwards’, warns EU’s Michel Barnier | The Independent
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Those who bet on a No Deal stand to make millions from shorting sterling