By not upholding our obligations

@randomNPCno3 Most of which aren't in the G7 are they?

So?

Meaning they're smaller..

With less output..

Again, so?

Meaning higher prices

Meaning more costs for the consumer

Trade with more than one country

Meaning they can buy less

Again, it's not that simple

Yes

Not every country on the planet exports.

It is

Not every country exports food, for example

Quite a few only import

Same with other goods

Those other countries may (Likely do) have lower standards for those goods

The EU has pretty high food standards for example

The USA and EU have very different food standards for example

Also the cost of transport and inspection will increase the costs to consumers

Because guess what, now goods need to go even further to reach us.

Then we're going to need to pay an initial cost to setup those trade routes and restructure our old system

Adding increased costs.

"Hur dur, just trade with other people"

Aint that simple.

6 of the top 10 food exporters are in Europe..

Only because of the EU, that list would change very fast when the UK starts buying elsewhere

I love how it drops by over half when it gets to No. 2 LMAO

MURICA stronk

🇺🇸

The US is big and has a large population, its just scale🤷

Off the bat the UK is in on the largest trade network on the planet (sorry eurocucks but USMCA is bigger than the EU).

wat

but thats only between US Mexico and canada?

UK isnt in that 😂

also, it isnt ratified

Yet

Sure but read through it. The standards set de jure make qualified producers Merican.

what do you mean by that? That the UK will be able to trade via it?

Basically yes they get access to the same product set via US suppliers in a FTA.

But the UK is not a part of the deal?

wat

Also, I mean come on they'll get a deal with Canada that'll put them within inches of an integrated market.

Even if they don't get deals from American and Canada (which they will) trading on WTO standard with all the other countries is a better deal than anything the EU is offering

idk, not my problem🤷

The trade deal hasn't even been negotiated yet, so how can you say that? @randomNPCno3

The ideal is: Free trade so that goods can move with as little friction as possible from A to B.

WTO adds tariffs in the way, increasing the costs of those goods

And the EU won't add tariffs if the UK does a hard Brexit?

The UK will be trading with the EU on WTO rules

Didn't you say like...3 hours ago that the EU would place tariffs on UK goods?

Yes

Through the WTO

or by "they" were you referring to the WTO?

Yeah, I should have been clearer

The WTO

Sounds like the EU would be throwing a bit of a tantrum

alternatively, sounds like a spiteful GF

🤷🏻

Spiteful for sure, but justified tbh

How so?

We didn't honour our agreements

Which ones?

Why should we be treaded any differently?

WTO rules don't regulate or tax you. Pretty easy to make up the difference.

In regards to the 'divorce bill'

how so?

Currently as a member, we need to keep paying into the budget

There's the pensions which we will need to pay our end of

And, as I pointed out before, losing access to UK markets is a substantial hit to German GDP. Bearing in mind their already in negative bond yields.....

Well, the EU isn't Germany

Though the Germans have influence in it

https://www.bloomberg.com/news/articles/2019-06-11/germany-gets-a-recession-warning-as-investor-confidence-plunges
<:pot_of_kek:544849795433496586>

Isn't the EU mostly funded by Germany?

It might be 20 percent of the budget?

Tops

Isn't Germany the largest economy in the EU?

True, but the EU is made up of more member states, with combined have more power than Germany

Here's some things we'll be forced to pay money for

https://obr.uk/docs/dlm_uploads/Fiscalrisksreport2019.pdf#page=172

Oh I agree that the EU can shiv Germany by taking punitive action against the UK. That's not going to change the economics of a recession in the largest economy....

True

There's quite a bit of speculation around either a global recession or a EU regional one

What did Thatcher say about the problems with socialism?

https://www.youtube.com/watch?v=okHGCz6xxiw

I meant the bit about running out of other people's money. In this case the German's. So if you don't have UK and Germany is in recession whose money pays the EU? France? I mean Poland has been kicking ass but I doubt they'll go for that...

Socialism works until your neighbors broke

I hope the EU doesnt impose punitive tarrifs on the UK after she leaves, that would be a monumental mistake imo, but we'll see

I personally see no reason for them and I doubt any of the countries surrounding the UK would find them a good idea either. The coming barriers of trade and the entire Brexit chaos will cause enough damages to all surrounding economies.🙁

@Jym a man of clarity!

```I meant the bit about running out of other people's money. In this case the German's. So if you don't have UK and Germany is in recession whose money pays the EU? France? I mean Poland has been kicking ass but I doubt they'll go for that...```

Well, I won't deny that the EU know it's economy is collapsing. In their desperate attempts to have more tariffs on countries like America and the UK. It's going to get messy!

Right now France has high employment let's see if that's false jobs, like zero hour contracts which tire the people. By the way if you have all of these kinds of contracts it's always low wage earners whom suffer.

Well I mean I thought the Eu was a stupid idea from go. Outside Brexit I already assumed it would fail.

Thatcher seems like a cool grandma that would give you lots of money for icecream and candy, but only after you clean her house spotless from top to bottom.

Which would not actually be that hard, since it's already pretty clean as it is.

You know nothing about her economic policies. Look up 'the Poll Tax'.

I really despised the way thatcher stole my milk! But I loved the fact that I was not going to be spanked anymore at school.

Thank god I wasn't born then

https://www.vg.no/nyheter/utenriks/i/kJbL0L/parlamentet-stenges-brexit-motstandere-faar-tidsnoed

Sorry wrong language!