Uk Economy to be 6-9% smaller in a No Deal scenario

[SirGalahad]

So the Government has published its latest report on the implications of a No Deal scenario.

Doesn't have much to cheer about. You can find it here.

https://assets.publishing.service.g..._Trade_of_a_No_Deal_Exit_on_29_March_2019.pdf

One argument that has been put forward in relation to our future economic
relationship with the EU is that the UK can simply rely on the provisions under
Article XXIV of the General Agreement on Tariffs and Trade (GATT) to have tarifffree trade with the EU for a ten-year period. This is a misunderstanding of what the rules are.

Rees Mogg eat your heart out you fabricator.

HMRC has estimated that the administrative burden on businesses from customs declarations alone, on current (2016) UK-EU trade in goods could be around £13bn p.a. (not accounting for any behavioural change).

 

[durhamplumber]

HMRC has estimated that the administrative burden on businesses from customs declarations alone, on current (2016) UK-EU trade in goods could be around £13bn p.a. (not accounting for any behavioural change).

"Estimated"..."could be".....Crystal ball economics

 

[SirGalahad]

"Estimated"..."could be".....Crystal ball economics

They have more data than you and so are in a better position to make an estimate unlike your rubbish.

The anti-expert and anti-fact approach of a rabid Brexiteer. Even the staunchest Brexit Economists opinion is that it's worth running down 20% of the economy to become a fully service sector based economy.

 

[jasonzyx]

They have more data than you and so are in a better position to make an estimate unlike your rubbish.

The anti-expert and anti-fact approach of a rabid Brexiteer. Even the staunchest Brexit Economists opinion is that it's worth running down 20% of the economy to become a fully service sector based economy.

Don't forget that durhamplumber and others have admitted that they are content for the UK, as a nation and individually, to be poorer after Brexit.
In fact they are completely unconcerned about any disastrous consequences, in order to achieve Brexit.

An analogy for durhamplumber, because I know he likes them:
It's like the passengers on the Poseidon opening the sea cocks because they think it'll benefit everyone.

 

[Vinty]

"Estimated"..."could be".....Crystal ball economics

Not crystal balls just balls!.