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0 pointspatrickmcnamara6y ago0 comments

Their goods would also be subject to EU tariffs depending on how trade talks go and the EU accounts for ~50% of UK trade iirc. So it's still very up in the air.

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mandevil6y ago

Yes. I am not an economist, and even if I were, there are so many moving parts to Brexit I could not begin to calculate which ones are the most important.

But I do believe that financial exports (which is what the US and UK have specialized in since the Reagan/Thatcher era) create Dutch Disease just like natural resource extraction does, making the currency too valuable for high employment sectors and concentrating profits in low-employment sectors.

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