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  • Writer's pictureChris. Tynan

Brexit & Bust

Over the past year or so, it has become very clear that the British government hasn't a clue what they are doing with regards Brexit.


Until recently the full extent of how the British government mislead the population during the original referendum was unknown.

It is unfortunate, that now the truth is out there, the British electorate wishes another ballot on whether to leave or remain within the European Union.


The European Union doesn't really care which way it goes, as they have treaties with many countries that they will keep. Unlike the UK that will have to negotiate new treaties if they leave the EU. This will take time and put a major burden on the British people in excess expense.


It has already been proposed that the cost of doing business with the EU will increase by over 40% and with other countries such as the USA it could be greater than 50%.

This will directly hit the pockets of the British people.


Companies such as Honda (the first non European car company to setup a car plant in the UK), is already moving manufacturing to Spain. Where they will 1. have a cheaper workforce and 2. be given fantastic incentives and subsidize by the EU.

Toyota, KIA and Hyundai are also looking to move. This will not only remove direct employment by these companies, but also the supply chain to these companies.

This could mean as many as 500k unemployed over the next 18 to 24 months.


Agriculture will be one of the hardest hit. As it is highly subsidized by the EU.

If Britain leaves, these subsidize will stop immediately so the cost will escalate, therefore, as the UK exports most of it's subsidize meats (beef, lamb etc.) to the EU. It will be to expensive for EU retailers to purchased these products.

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