[dhoulb]

Yeah this seems like the most reasonable option.

Even not having service trade isn’t a great disaster. Companies with sizeable EU revenue can just set up a European subsidiary (in Ireland, etc) to conduct business in Europe from the UK (or anywhere).

(Though I accept it’ll be a pain for e.g. finance companies which the EU requires to be based within the EU,)

Startups eespecially aren’t held back by these rules right now, they just sell everywhere in USD (and at some point when they’re big enough create an EU subsidiary).

The goods thing would be a real issue, if everything on supermarket shelves became 1.5x as expensive. So as long as that’s solved it’ll be fine.

[lloeki]

> Startups eespecially aren’t held back by these rules right now, they just sell everywhere in USD (and at some point when they’re big enough create an EU subsidiary).

It's not all about the money, e.g regulations like DPD and soon GDPR can affect this. Legal departments of our customers won't touch anything non-EU based with a 100 mile pole.

[pbhjpbhj]

>Companies with sizeable EU revenue can just set up a European subsidiary (in Ireland, etc) to conduct business in Europe from the UK (or anywhere). //

Or anywhere ... Why would you go to the bother and expense of being in UK, puppeteering a company in the EU. You just move to the EU and save yourself the cost/hastle.

[ljf]

OK - but tell me how that would work for cars for example, to be sold in the EU they need to have a certain percentage assembled in the EU. So really all those jobs will need to jobs to Ireland to be sold in the EU.

[tobltobs]

> Though I accept it’ll be a pain for e.g. finance companies which the EU requires to be based within the EU

What kind of services does the UK export which do not fall into the finance category?

[ben_w]

Software contractors?

[tobltobs]

Isn't the UK a net importer of software contractors?

[ben_w]

I don’t know, but if it’s exportable, it’s exportable.