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by arcturus17
1971 days ago
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Well, many people already warned about this, but Brexiters retorted with two arguments: (1) The lack of EU regulation would allow the UK to negotiate its own trade deals with non-EU countries, potentially making up the loss of trade with the EU (2) The lack of red tape would also allow the UK to become find new efficiencies in the production of goods and services The UK is a resourceful country so in the long run they will make up for some of the loss, but I doubt they will ever reach the same trade potential as if they had stayed in the EU. What's clear is that the short term looks dire for a lot of businesses. |
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The irony being that red tape has gone way up due to Brexit, not down, and this was obviously going to happen to anyone with even small amounts of experience with international trade.
Things have become so much more expensive and difficult that some businesses are shutting down due to non-viability, some EU businesses have decided they can no longer ship to the UK (not worth the hassle), and UK businesses have decided they can no longer ship to EU countries.
There was one company I saw recently that now ships products to every country in the world except the UK, because the UK is currently more difficult to deal with than random third countries.