Thread: Brexit discussion
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Old 13-12-2017, 18:42   #1259
OLD BOY
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Re: Brexit discussion
Quote:
Originally Posted by jonbxx View Post
Oh yes, I was aware that we can set our own tariffs, hence the question - protectionism with high tariffs or free trade with low ones? Without a trade deal with the EU, we would have to fall back on our WTO MFN tariffs and it will be interesting to see what the government decides they want them to be. Under the WTO, everyone pays the same tariffs for import unless there's a deal so the German car industry would have the same leverage as Mini, Nissan, Honda, Vauxhall/Opel, etc. in the UK with exports i.e, none.

The EU by its nature is protectionist, hence the high tariffs on agricultural products which protect farmers not just in France but across the EU. In 2015, the EU tried to increase tariffs on steel to protect the European steel industry, including South Wales but the UK Government vetoed it.

As Mick isn't answering, you said the GB will be better off out of the EU. How will the person on the street be better off?
You are making a lot of assumptions on tariffs. But in any case, if we have to accept tariffs by the EU, the government has already said that this is covered by the fall in the value of the pound.

In answer to your question, assuming the economy improves with our ability to increase exports to the rest of the world, the person in the street should benefit from that. Trade will continue with the EU, of course, we're not pulling up the drawbridge!
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