SwingsitlikeHogan
Major Champion
So this guy professes to know more than anyone else in the country about leaving the EU! In that case why didn't he read section two of the article where it states clearly that the leaving country and the EU will negotiate the relationship for the withdraw and a framework for it's future relationship.
Let's see what Para 2 says
'the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union'
And so if we leave with No Deal - and as we are told endlessly by the government and Brexiters 'nothing is agreed until all is agreed' where does that leave us? We have not agreed a Deal and so nothing is agreed - so no framewok agreement. And even if a framework is agreed Article 50 para 2 tells us
'The Treaties shall cease to apply to the State in question from the date of entry into force of the withdrawal agreement'
Even if we have an agreed framework the treaties will cease to apply - because new agreements might not be in place. If there is No Deal then there can be no agreed framework and hence no basis for any new arrangements.
With No Deal we will leave the EU with all trade agreements with countries arranged by or through the EU null and void. We then have to make new arrangements - and these take time.
We leave and in WTO terms we will be a third country and WTO tariffs will apply.
Now UK can choose to not apply any tariffs on imports - but why would countries buy goods from UK with WTO tariffs slapped on and that make our costs uncompetitive - they could waive import tariffs on our exports - but why would another country waive tariffs on imports from UK - they have no agreement with the UK and they'd have to waive them similarly from all countries - and they won't. UK export goods will become a lot more expensive and a lot less attractive proposition.
BTW - the guy is actually saying what the majority of economists and 'folk who know about these things' are saying. It's actually more that there are a few Brexiters who claim to know better.
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