2 thoughts on “Would post-Brexit tariffs really cost UK consumers £930 a year?”

  1. Posted 09/11/2017 at 22:10 | Permalink

    We can be reasonably certain a near-future UK government would vote to increase tariffs with the EU. Both major parties lean nationalist-protectionist right now. Large sections of the public do too. They don’t understand economics. It’s why the free-market liberal Brexit was never gonna happen.

  2. Posted 15/11/2017 at 23:07 | Permalink

    “there are many better ways to help those who might lose out than resorting to naked protectionism”

    A list of these ways would be interesting. I accept the general principle that Free Trade is the most efficient but it takes centuries to develop a steel working culture for example. Losing it for the sake of a shortish (5 years or so) glut in China seems to justify an exception. And, say, how could we negotiate to allow the UK based Japanese car manufacturers access to the EU without some tariffs, on say oranges, that we could cut ourselves to encourage the decision.

    Anyway, as the EU/EEA/CU with Turkey has or is negotiating Free Trade Agreements in goods with 75% of World GDP is the disruption of Brexit worth it?

    Also your discussion does not dwell upon the real issue for modern Free Trade whether goods or services. Regulation. The UK is not a regulatory power (few countries use 3 pin plugs?). We must choose between EU regulations or US regulations (which China has by and large adopted) to gain advantages from Free Trade. With Brexit we will no longer have a voice in setting them. Is setting our own “naked protectionism”?

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