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From an analysis by Dan Roberts in today's Guardian that I can't find on the website:
The only way to argue against such analysis [about the effects of leaving the Customs Union] is to adopt the position taken by extreme free-traders such as Jacob Rees-Mogg. In this vision, Britain not only seeks to lower the few remaining trade barriers for manufactured goods but also throw open its doors to all comers in agriculture and commodities too. Do not worry about the Chinese dumping subsidised steel or the Brazilians flooding our supermarkets with bargain-basement food, they say. The benefits of lower costs for consumers will compensate for any collapse in British farming or steel.

It would be a Brexit that would decimate the parts of Britain that voted for it, but it is the only one that makes sense for those who want to take back control.

Hard Brexit and China deal would wipe out Welsh steel industry, first minister claims | The Guardian | 02/02/2018

Carwyn Jones has warned that the Welsh steel industry would be "wiped out" if Britain left the European single market and signed a free trade agreement with China, and claimed a fresh deal with New Zealand including agriculture could badly hit its farmers.

The first minister of Wales made the comments as his government launched a trade paper claiming that hard Brexit would have a severe, negative impact on the country's economy.

The report, which is supported by an economic impact analysis from Cardiff Business School, claims that crashing out of the EU on to World Trade Organization rules would cause the Welsh economy to shrink by between 8 and 10%, equivalent to £1,500-£2,000 per person in Wales.

by Gag Halfrunt on Mon Feb 5th, 2018 at 08:15:28 PM EST
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