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      British Intelligence Confirms Russian Attacks on Azovstal

      6th May 2022
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      BBC: Johnson to Apologise to Parliament Over Fine

      19th April 2022
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      London Underground on Strike After Collective Bargaining Failure

      1st March 2022
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      10th February 2022
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      British Government Wants to Speed Up European Union Laws

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      There were Also Parties in Boris Johnson's Official Residence on the Eve ...

      14th January 2022
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    • Cuddling Animals and Cleaning the House: British Energy Supplier Through the Dust After Tips to Keep Warm

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      11th January 2022
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      14th December 2021
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      Paris Wants EU to File Lawsuit Against London Over Fishing

      10th December 2021
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      Elon Musk Sells Shares in SpaceX to Pay for Twitter Deal

      17th May 2022
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      Russian Ambassador: US Sanctions Hit Ordinary Russian

      7th April 2022
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      Biden Meets Parents of Ex-Marine Locked Up in Russia

      31st March 2022
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      16th March 2022
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      Von der Leyen Calls Russia Greatest Threat to World Order

      12th May 2022
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      NATO chief: Finland and Sweden can Join Quickly and Safely

      28th April 2022
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      Von der Leyen: EU Stands in Solidarity with Poland and Bulgaria Against ...

      27th April 2022
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      11th April 2022
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      5th April 2022
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    • No Evacuation Routes in Ukraine Due to Conflict in the East

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    • Ukrainian Resistance Blows Up Tracks for Russian Soldier Train-Two Senior Officers Killed

      Russia Says Ukraine Prepared Attack on Donbas

      9th March 2022
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    • Denmark Expels 15 Russian Spies

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      22nd February 2022
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    • International Court of Justice Orders Myanmar to Take Measures for Rohingya

      International Court of Justice Orders Myanmar to Take Measures for Rohingya

      23rd January 2020
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    • Lebanese Hezbollah Calls for Revenge on the US

      Lebanese Hezbollah Calls for Revenge on the US

      3rd January 2020
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    • Greta's father: I Adjusted My Lifestyle, Not for the Climate, but to Save My Daughter

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      30th December 2019
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    • Pope Francis Speaks Urbi and Orbi and Calls for Guaranteeing Safety in the Middle East

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      25th December 2019
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    • Five of Eleven Death Sentences after Journalist Khashoggi Murder

      Five of Eleven Death Sentences after Journalist Khashoggi Murder

      23rd December 2019
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    • Indian Rape Victim Who was Set On Fire has Now Died

      Indian Rape Victim Who was Set On Fire has Now Died

      7th December 2019
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    • Barnier

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      15th October 2019
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    • Juncker Gives Johnson The Last Brexit Plan A Chance

      3rd October 2019
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    • Cristiano News

      "Not Messi, But Ronaldo Earned This Prize"

      26th September 2019
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  • Technology
    • Netflix Lays Off 150 Employees After Disappointing Figures

      Netflix Lays Off 150 Employees After Disappointing Figures

      18th May 2022
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    • Chinese Hackers Target Russian Targets

      Chinese Hackers Target Russian Targets

      4th May 2022
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    • Russia Blocks Chess Website for Critical Articles

      Russia Blocks Chess Website for Critical Articles

      25th April 2022
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    • Huawei Gives Russian Staff a Month's Leave

      Huawei Gives Russian Staff a Month's Leave

      14th April 2022
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    • HP Sees Revenue and Profit Rise

      HP Sees Revenue and Profit Rise

      4th March 2022
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    • Netflix Lays Off 150 Employees After Disappointing Figures

      Netflix Star Pleads Guilty to Child Abuse

      11th February 2022
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    • Call of Duty will Remain for Sale for PlayStation Even After Acquisition

      Call of Duty will Remain for Sale for PlayStation Even After Acquisition

      26th January 2022
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    • EU to Propose Larger Own Chip Production in February

      EU to Propose Larger Own Chip Production in February

      21st January 2022
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    • Google and Facebook Receive Millions of Fines for Their Cookies in France

      Google and Facebook Receive Millions of Fines for Their Cookies in France

      6th January 2022
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      Netflix Lays Off 150 Employees After Disappointing Figures

      18th May 2022
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    • Elon Musk Sells Shares in SpaceX to Pay for Twitter Deal

      Elon Musk Sells Shares in SpaceX to Pay for Twitter Deal

      17th May 2022
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    • Blockbuster Spider-Man Helps Sony Achieve Record Sales

      Blockbuster Spider-Man Helps Sony Achieve Record Sales

      10th May 2022
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    • Von der Leyen Calls Russia Greatest Threat to World Order

      Von der Leyen: EU Stands in Solidarity with Poland and Bulgaria Against ...

      27th April 2022
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    • Elon Musk in View of Bonus of No Less Than 23 Billion Dollars

      Elon Musk in View of Bonus of No Less Than 23 Billion ...

      21st April 2022
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    • Broad Appeal to IMF for Extra Support for Poorer Countries

      Broad Appeal to IMF for Extra Support for Poorer Countries

      13th April 2022
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    • Russian Car Sales Plummet Due to Western Sanctions and Boycott

      Russian Car Sales Plummet Due to Western Sanctions and Boycott

      6th April 2022
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    • HP Sees Revenue and Profit Rise

      HP Sees Revenue and Profit Rise

      4th March 2022
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    • EU to Propose Larger Own Chip Production in February

      EU to Propose Larger Own Chip Production in February

      21st January 2022
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    • Djokovic Cancels Cincinnati Tennis Tournament

      Djokovic Cancels Cincinnati Tennis Tournament

      10th August 2021
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    • Japan Extends Corona Emergency Around Tokyo

      Japan Extends Corona Emergency Around Tokyo

      30th July 2021
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    • Andy Murray: Olympics can Offer Hope

      Andy Murray: Olympics can Offer Hope

      21st July 2021
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    • Czech Volleyball Beach Player Tests Positive in Olympic Games

      Czech Volleyball Beach Player Tests Positive in Olympic Games

      19th July 2021
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      Tokyo Olympic Athletes Village Officially Opens

      13th July 2021
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      18th June 2021
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    • Nadal Back in Second Place in the World Ranking After Tournament Win

      Nadal Back in Second Place in the World Ranking After Tournament Win

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    • Basketball Players LA Lakers Second Defeat in NBA

      Basketball Players LA Lakers Second Defeat in NBA

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      12th October 2020
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    • Top 6 Campsites in Canada

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      18th December 2018
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      10 Most Photogenic Places On Earth

      3rd May 2018
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      29th April 2018
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      21st April 2018
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      4 Tips for Planning the Perfect Lads Holidays

      20th April 2018
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  • Ukrainian Resistance Blows Up Tracks for Russian Soldier Train-Two Senior Officers Killed

  • Netflix Lays Off 150 Employees After Disappointing Figures

  • Elon Musk Sells Shares in SpaceX to Pay for Twitter Deal

  • Commercial Flight from Capital Yemen for the First Time in Six Years

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News
Home›News›No Deal For Brexit Is An Economic Environment

No Deal For Brexit Is An Economic Environment

By James Anderson
1st May 2018
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Brexit-Negotiations

No Deal For Brexit Is An Economic Environment: British Prime Minister Theresa May can maintain that no Brexit deal is better than a bad Brexit deal, in reality, it would be a disaster scenario, said by Planet Engine.

 

It is a purely political statement that has no economic value whatsoever. A No Deal is the Bad Deal. Nevertheless, the Brexit negotiations take failure into account. According to EU President Donald Tusk, it is up to the British which outcome will have the difficult discussions. There are three options: a good deal, no deal or no Brexit at all. The last scenario, which there is no Brexit at all, is the least likely outcome.

Export
Back to the doom scenario, no agreement on 29 March 2019, the day the Brexit must be a fact. From an internal market of which the British are part, they fall back to the agreements that made within the World Trade Organization, But the consequences for all products are not same. The main victims? The export of meat, Or the trade in sugar or cocoa. Both products often make a stopover in the Netherlands. For these products, the import tariff can increase by 40 to 50 percent from one moment to the next.

On top of that, the 58 bilateral trade agreements that the EU has with other countries suddenly no longer apply to the British. “Then the United Kingdom is the least connected country in the world of all countries that are members of the World Trade Organization,” Of course, the UK can make new arrangements with important trading partners. After the EU these are America, China, and Switzerland. But to date, the EU has refused to give the British the freedom to talk with other countries about new agreements.

Interests of other EU countries
But the British are of course not the only ones who will be stricken if there are no appointments at all. Within the EU, Ireland, Belgium and the Netherlands have a keen interest in the negotiations because of their healthy trade relationship with the UK.

Is there an emergency exit if the negotiations fail? Sure, and May has already opened the door a bit. In her speech for which she traveled to Florence at the end of October, she spoke about a transitional period of 2 years. In fact, that would be an extension of the negotiations. Europe too now sees such a transition period as almost inevitable. But the conditions that the European countries are likely to demand will not appeal to the British: they do pay to Brussels, respect all EU rules, but do not have a say in decisions made within the EU.

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