Comments by "Helen Trope" (@heliotropezzz333) on "Will the election solve the Brexit crisis? | Question Time - BBC" video.
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@fatfat1877 Explanation: We'll be down the plughole if we try leaving without a deal just on WTO terms. No country in the world trades just on WTO terms because in trading terms it's the 4th division. They all want deals with a big trading block which is the premier division which is where we are now. It's a bit of a myth that the EU controls us. There are some rules of membership but 99% of what the UK spends is determined by the UK government. So what happens if we go to no deal WTO terms? We have to then set a tariff for trading with the world and under WTO terms it has to be the same tariff for everyone we trade with in the same goods. If we set a tariff that will push prices up for UK consumers and we'll be worse off. If we set a zero tariff (possible under the rules) our farming and manufacturing won't be able to compete with cheap imports from countries where workers have no rights and are paid pennies an hour so our farming and manufacturing industries will be destroyed. Don't just take my word for it. Patrick Minford, an economist who is for a hard Brexit says the same about the future of British farming and manufacturing. It will affect other economic sectors also. Wealthy people like ex stockbroker Farage and Jacob Rees Mogg will be raking it in because WTO rules do not regulate financial systems and they will be even more free to squirrel away their profits to tax havens around the world. Also over 80% of our exports are services and 49% of those are to the EU. The day we hard Brexit, those services with lose their 'passport' rights to European EU countries, which is why businesses are talking about moving their headquarters to the Europe. The very people who want Brexit because they are suffering under the present government's austerity programme, will be stuffed even more under no deal Brexit. None of this was explained before the Referendum by a campaign that wasn't even talking about a no deal Brexit. As for getting trade deals, as a member of the EU, we have over 40 trade deals that will no longer apply the day we go out on no deal and there are only a handful lined up to replace them. Trade deals take years to negotiate because they are complex covering everything traded between countries. Trump is protectionist and the US is a larger economy than ours, and if we want a trade deal with the USA it will be very much on his terms, as he doesn't need to deal. His negotiators have already said they want access to NHS funding for their corporations as part of the deal and for us to take their farming products like chlorine washed chicken and hormone fed beef - practices currently banned by the EU. China and Russia are not our friends and in any case they don't allow countries to export freely to theirs. They are protectionist. Asian countries have each other to trade with nearby. The only thing India wants from us is more visas for people to come here. Other countries won't make up for the loss of the big trading area on our doorstep (the EU). The way out of our problems is to vote for a party that will do something about inequality in the UK and protect jobs and trade, and that's not the Tories or the Brexit party. Farage has stated he is for replacing the NHS with an insurance based market system. He is for taking restrictions off the sale of handguns and he has other right wing policies too. If we set a zero tariff, that would be zero for EU trade also, except as outsiders the EU would be placing a tariff on us (could be 40%). That would make us uncompetitive in trading with the EU. You can't just count the cost of trading with the EU in terms of our subscriptions. You have to count the benefits to the economy too and the health and welfare of people to get the whole picture.
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