Tuesday 30 July 2019

(Welsh) lambs to the slaughter

As I have said before, what amazes me most about Brexit, is those who either pushed this lunacy for years or decades, or those who are tasked with delivering it now, understand so little of what Brexit actually is and what it means for the UK, businesses and people.

Take Welsh lamb.

Under a no deal Brexit, it would be subject to 40% tariffs to the EU. But this morning, on Radio 4, the Minister for Wales stated that Welsh farmers could send their lamb to Japan instead of the EU.

Things to note:

1. The EU has a FTA with japan.

2. Once Brexit happens the UK will not have a FTA with Japam, it has one now because it is a member state of the EU.

3. Japan is unwilling to "role over" current tariffs in the EU FTA to the UK, believing it can get a better deal for itself.

4. Under a no deal Brexit the UK would be a third country to both the EU and Japan.

5. It is economically illiterate to suggest trade with our nearest neighbours can be replaced with trade to a country the other side of the world.

6. The BBC reporter did not pick up on this.

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