Bofferbrauer2 said:
Pretty good enumeration Some things to add: Almost all imports and exports will get more expensive until trade deals are realized. Since the UK is heavily reliant on food imports, foods will get much more expensive from the 1-2 punch of import taxes and the loss of EU subsidies in that... ehem...field. You were talking about UK citizens potentially no longer meeting qualifications in the EU (mostly that means that they will have to have a job or be retired to be able to stay over long term, just like any other non-refugee from a non-EU country), but the reverse would also be true. Considering that many EU citizens work for the NHS, and the latter already being critically short on staff, this could potentially deal a heavy blow to UK healthcare. As for trading at WTO rules, UK already stated copying the EU schedules (how the EU trades with any country they have no trade deal with). However, the EU, due to it's sheer economic size, has a better negotiation position that the UK alone. Hence why Taiwan already stated that they won't accept trading with the UK under those rules. Not all is bad though, as the UK can still get better deals for them since the ones from the EU are tailored to benefit the Union as a whole, not specific countries. |
I think that these two posts pretty much cover my understanding of the situation.