Currently, through the EU, we participate in 750 trade treaties with 78 countries. They all lapse at 11pm 29th March 2019 if we crash out with no deal.
The upside of Mays interim deal is it holds these treaties in place until we can negotiate our own trade deals.
If the UK leaves the EU without an agreement, the government will introduce postponed accounting for import VAT on goods brought into the UK. This means that UK VAT registered businesses importing goods to the UK will be able to account for import VAT on their VAT return, rather than paying import VAT on or soon after the time that the goods arrive at the UK border. This will apply both to imports from the EU and non-EU countries.
Fallen for nowt, i'm not a member of any political party or organisation, the truth is that Corbyn's policies are the only ones which are actually catering for the needs of those in most need, and therefore he has my support, those policies are for the good of the country as a whole, not the minority of right wing corporates ruling us right now, quite simple.
Agreed it would be a help. But like you say under WTO regs will need to be for all countries and not just a preferred partner (ie it cant be for EU only).
There will still be a lag for goods brought into stock and components part. 60% ish if imports are brought in as component parts for our industries that arent for immediate resale. There will be some exposure.
Questions to those involved in import/export...
Has the gov't asked or given any advice re brexit at any time?
Why do you think these things haven't been openly discussed by practically anyone during and after the referendum campaign??
I find it incredible personally...
Not that incredible.
We invaded Iraq without any plan of what to do afterwards.
If you have a spare half n hour just watch this debate on the common market in the 1970's between Michael Foot and Edward Heath .
Note the words of Michael Foot on what will happen and indeed did .
https://youtu.be/CuZrzwm6CJs
Or the words of Tony Benn on this one
https://www.youtube.com/watch?v=_zBFh6bpcMo
What's amazing to me is that fundamentally nothing's changed in respect of the arguments
Corbyn feeling the heat , a leadership challenge could be imminent .
https://www.theguardian.com/politics...backing-brexit