09-09-2019, 11:23 PM
Quote:The example of how a crankshaft for a new Mini is made shows how car parts can cross the English Channel multiple times during the manufacturing process. Tariffs on these partial exports and imports, and delays to “just-in-time” production processes would make British factories much less appealing to carmakers.What a no-deal Brexit could mean for the UK in five charts | Politics | The Guardian
Quote:Guardian analysis showed that under WTO rules, British exports to the EU would be hit by tariffs of £6bn (roughly two-thirds of Britain’s net contributions). Imports were also likely to be affected, increasing the cost of living in the UK; and that is without taking into account recent falls in the value of the pound sterling.What a no-deal Brexit could mean for the UK in five charts | Politics | The Guardian
Quote:Ireland's economy would be among the worst-hit victims if the UK crashes out of the European Union without a deal, according to Oxford Economics. The Irish economy, which is heavily tied to that of the UK, could lose 2% to 2.5% in the long term because of Brexit, due to the losses in trade.A 'no-deal' Brexit would hammer the Irish economy and wipe billions from its GDP | Markets Insider