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[MoHasanie]

JRPGfan said:

MoHasanie said:

I think it's in the best interest of both the EU and the UK for trade to remain the same. For the UK, the EU reperesents 47% of all exports so it's huge. And as Kowen pointed out, the EU has a huge trade surplus with the UK, which is a situation everyone wants to be in, so Europe would also want things to remain the same. 

So basically the UK is dependent on the EU for almost 50% of its trade.

And now its going to end up paying more for that trade.

Ofc things will continue as they have, the thing is the UK is going to pay more for it.

But you see, both economies are barely growing. Growth has been slow for both after the 2008 crisis, and lowering trade with your biggest partner only hurts you even more. It just doesn't make sense to decrease trade. I think we will probably just see the UK make a Norway style deal with the EU, which would continue to allow the UK to have full access to the European market.