Irish Prime Minister Micheal Martin has warned No Deal tariffs would be ‘ruinous’ for both the UK and Ireland with charges of up to 70 per cent on exports such as beef.
The Irish Fiscal Advisory Committee warned this week that the impact of No Deal could eliminate six per cent off the Irish economy – equivalent to an £18 billion hit.
No Deal could see tariffs of up to 70 per cent on Irish beef which would harm a farming and agriculture sector which makes up 40 per cent of Ireland’s exports to the UK.
Consultants at Oxford Economics have also warned that more than 100,000 jobs could be lost in Germany following the impact of carmakers VW and BMW facing tariffs.
Can the eu afford to have no deal that is the real question also. Not only will they lose the 2nd biggest contributor to there eu yearly budget but they will lose alot from trade, plus having to beef up their ports and customs even as far as rotterdam adds more costs. So both sides will suffer, all imo to make a point and an example of the uk for daring to leave the club.
No they did not vote for brexit, we did as macron said but what elite club are you in that you cannnot ever leave and form your own.
lets go back to the start when they did not listen the the uk concerns and brought the referendum on themselves as they knew very well, what would happen and a vote would take place, only they thought there is no chance it would happen and we will vote to leave the eu. Fact is we did and the big problem with the eu is the political union to be able to trade and it is not what we joined up to in the beginning. We are not part of the euro although we have funds in the ecb to prop it up, which at some point we will want back as well. where is the ecb based is another question it’s in germany The European Central Bank (ECB) is headquartered in Frankfurt am Main, Germany. It has been responsible for monetary policy in the Euro area since January 1, 1999, when the euro currency was first adopted by some EU members. then theres the The EIB they had around €66 billion of its own funds in 2016. The UK’s 16% share of that would be €11 billion or just under £9 billion.