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by crdoconnor
3648 days ago
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>They'll still get hit hardest. Weak pound means more expensive imports. UK imports ~40% of it's food I can think of one rule which will get revoked in that case: https://en.wikipedia.org/wiki/Set-aside Much like Russia (which suffered a much worse currency slump and also imports a lot of food), the UK will likely roll with it and engage in import substitution. >Speaking to your point on competition as well - if the UK wishes to join the EU free market they will most likely need to accept freedom of movement. That's clearly the deal the remainers wanted to take but if I recall correctly they lost. At the low end I'm pretty sure the wage rises coming from fewer Poles, etc. will at least match - and possibly outstrip inflation caused by newly instituted 2-4% tariffs. |
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Where are these extra jobs going to come from with a rock bottom pound and markets in freefall? Do you believe this was a vote about repatriation or something?