Monday 27 August 2018

Don't worry, be Brexit

The universal message being spewed out by Brexiteers and the Brexit supporting titles of Fleet Street, is that Brexit cannot be as as bad as what people like, oh, I don't know, the Chancellor and the Governor of the Bank of England, are painting.In fact, there is no need to worry even about a no deal Brexit because, as the Institute of Economic Affairs (IEA) says that there in the event of a no deal, some kind of other deal will be struck to allow planes to fly and medicines to be imported.

Yes, there you have it, folks, in order to have a no deal, a deal will be needed. And the EU will be desperate for a deal. In fact they will blink first, just watch them.

In the event of a no deal (No WA), the UK will have set up, from scratch, all EU agencies that currently do all sorts of things for us; like regulate aircraft maintenance and registration and the obtaining of radioactive isotopes for medical treatment. These are just two areas, there are hundreds, and all will have to be replicated, and recognised by international bodies. Radioactive isotopes for medical treatment, not just cancer, can have a usable half life of six hours, so any delay in supply would be catastrophic for those needing them.

When there was a previous disruption due to a fire in the Channel Tunnel, supplies had to be flown in. Which could happen again, if the planes can fly.

Thing about these deals in the event of a no deal would only fly if the UK kept its word in relation to the December agreement in relation, in particular, to the Irish Border, but also to the financial settlement and citizen's rights. Any attempt by May or another PM to renege on these commitments would mean there could be no deal on anything, and on top of that, the UK's words on International Trade could not be taken in good faith. And this would happen just at the moment that that UK would need lots of good faith from over 60 countries to renegotiate trade deals it would lose as leaving the EU on bad terms.

Certainly, the EU saying to its trading partners, that in effect, the UK should be treated as a part of the EU until the end of 2020 would no longer apply. But all of this is an irrelevance to Brexiteers, just detail they don't want to know now, and certainly never troubled their thinking before this point.

So with thall this and the problems with trading on sole WTO rules means that no deal would be a great deal of trouble for the UK and its international trade, balance of payments, exports, tax revenue, health care, public sector employment, getting planes in the air, cross-border policing through INTERPOL. And on and on and on.

This is some kind of Kafkaesque nightmare that we never wake up from, and yet the smiling idiot Brexiteers claim all will be fine, and papers like the Sun print their lies.

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