Brexit Reality starts to bite for Ireland
Posted: 21 Feb 2019, 08:30
As the UK says it will not drop tariffs on food imports when leaving the EU with No Deal. For a nation who sells 37% of their food exports to the UK, facing up to 53% WTO tariffs on food products is no joke. Pretty much, overnight, Irish food produce would be priced right out of the UK market.
Sadly this article was in the FT and it's paywalled. But the paragraph...
Means La La land, where Ireland gets to stand behind the shoulders of the EU saying Nah Nah na nah nah, doesn't quite come off so well.
Given that this situation would also cripple the Spanish industry, for whom the UK is the second largest export market next to Germany, it is now coming home to roost that hard nosing the UK into No Deal is not going to be a picnic for anyone and the first businesses to collapse are unlikely to be British.
Glad to get just a little bit of perspective out of the constant stream of hype drivel.
The FT is Pro Remain, so this is hardly a Brexit leading scare story.
Sadly this article was in the FT and it's paywalled. But the paragraph...
Ireland has responded with alarm to UK plans for tariffs and quotas on agri-food imports in a no-deal Brexit, as worries grow about the potentially grave impact on the country’s annual €4.5bn food and drink sales to Britain.
Means La La land, where Ireland gets to stand behind the shoulders of the EU saying Nah Nah na nah nah, doesn't quite come off so well.
Given that this situation would also cripple the Spanish industry, for whom the UK is the second largest export market next to Germany, it is now coming home to roost that hard nosing the UK into No Deal is not going to be a picnic for anyone and the first businesses to collapse are unlikely to be British.
Glad to get just a little bit of perspective out of the constant stream of hype drivel.
The FT is Pro Remain, so this is hardly a Brexit leading scare story.