Comments by "Helen Trope" (@heliotropezzz333) on "Expert Jason Hunter Schools James O'Brien On Brexit - LBC" video.

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  2.  @9418matthew  Do you know what trading on WTO rules (hard Brexit) would mean for the UK? No single country in the world trades solely under WTO rules because it's like being in the trading 4th division instead of the Premier League which is being part of a large trading block of having deals with them. Under WTO rules the UK would have to set a single tariff the same for all trading partners whereas in the EU we trade tariff free. If we set a tariff that will push the prices of all imports up so the cost of living will go up for everyone. If we set a zero tariff (perfectly possible), imports may become cheaper but we will be importing from countries where workers have no rights and are paid a pittance because they will produce the cheapest goods. This will undermine safety standards and wipe out British industry and farming as they won't be able to compete with such countries, as our workers and animals have rights. Also we'd be charging the EU zero tariffs while they could charge us 40% tariffs, making it uncompetitive for us to export. Most countries, like the USA are going down the protectionist route, protecting their home industries and China and Russia make if difficult to impossible for anyone to export to them. It will be a an economic disaster. Even the economist Patrick Minford, who is pro Brexit and pro using WTO terms, admits it will destroy British industry and agriculture. He does not mind about that. Brtain as a member of the EU currently has over 4000 trade deals with other countries. Those will immediately lapse as soon as we go out on a hard Brexit and Liam Fox only has 4 deals to put in their place. Trade deals usually take years to negotiate because of their size and complexity. There's no way there are not going to be massive consequences with a hard Brexit.
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