Re: So any company that trades with an EU country has to open their borders to EU inhabitants?
Some good points raised.
The EU as currently constituted cannot allow free trade without free movement.
Ergo Britain will not get a free trade deal, as free movement is by and large what brexiteers voted against. And they WON.
However that doesn't mean no trade, and I suspect a compromise of 'low tariffs' and 'some movement of some people' will be hammered out.
Carny has signalled low interest rates and that's dumped the pound a fair bit but restored the FTSE.
A low pound might offset EU import tariffs, but the reverse is true. A low pound and an import tariff makes EU goods very expensive. Good for the trade balance. Bad for the ailing Eurozone economies.
The net effect of that will be that British exports are unaffected to the EU, and improve to the rest of the world, whilst the EU loses market share to e.g. the rest of the Anglosphere, which is queuing up to do deals.
French wine even more expensive. New Zealand wine cheaper?
The real answer is of course that the doom and gloom forecasts were based on a lot of assumptions, most of which are imponderable.
What happens next depends on how we proceed, far more than the fact of exit. And whether the considerable increase in the ability to act politically independently, is used wisely or not.
Biting the hand that feeds IT
