Question Author
New Judge,
Trading between UK and EU will still take place.
EU is the world’s richest trading bloc (rich than USA, China, Japan, etc.) with 500 million consumers, not a poor trading bloc, as brixters try to assert.
EU is the world’s richest trading bloc (rich than USA, China, Japan, etc.) with 500 million consumers, not a poor trading bloc, as brixters try to assert.
Around 44% of UK exports go to the EU, however from EU's perspective around 7% of EU exports goes to the UK. Multi-national manufacturers (like for automotive, aerospace, machinery, pharmaceuticals, foodstuff, etc) in EU currently investing their production base in UK (as a gateway to supplying the EU market) will divert & re-locate their future investments to a fully pledged EU state should UK Brexit - this will cost several hundreds of billions of pounds in UK in lost revenues.
Also, around in a trade deal, UK will lose most of her £50bn pa trade in financial services with the EU.