Op­por­tu­nity to ex­ploit ‘no deal’ with EU

Birmingham Post - - FEATURE -

THE Govern­ment has is­sued ad­vice on what will hap­pen if there is a ‘no deal’ Brexit – and one would be en­ti­tled to have con­cerns.

In fact, our ne­go­tia­tors sug­gest that the like­li­hood of not achiev­ing a deal in­creases by the day.

Yes, it would cre­ate prob­lems, but could also lead to many op­por­tu­ni­ties which Govern­ment, if it has any busi­ness sense what­so­ever, will take steps to ex­ploit.

The sink­ing pound means we are more com­pet­i­tive in world mar­kets, and if it is go­ing to cost more to im­port goods into the UK, Govern­ment should be en­cour­ag­ing busi­nesses to man­u­fac­ture those items which we now pur­chase over­seas.

This in turn will cre­ate more jobs which will also mean less dole money be­ing paid out. This fact alone will mean that Govern­ment can invest more money in Bri­tish in­dus­try.

One ma­jor as­set as­sists Bri­tish man­u­fac­tur­ers’ over­seas mar­kets: we have a very good name for qual­ity prod­ucts and dura­bil­ity, an ex­tremely valu­able sell­ing point.

It would be ad­van­ta­geous to be able to do a deal with Europe, but as the weeks slip by, it is be­com­ing more ap­par­ent that Michel Barnier is not go­ing to budge on any of his red lines. I there­fore can­not see that a deal is pos­si­ble.

In terms of EU his­tory, they do have a knack of com­ing up with a last-minute fudged fix, which may hap­pen in this case.

Al­ready both French and Ger­man man­u­fac­tur­ers, plus pro­duc­ers are start­ing to pile pres­sure on Brus­sels to be re­al­is­tic, for they can see the im­pact of los­ing Bri­tish cus­tom. Jobs will be lost, and the eco­nomic re­sults will be very dam­ag­ing.

There is also another lit­tle mat­ter that the EU has to con­sider, namely that there is a move­ment to­wards the right across mem­ber states.

El­e­ments of the new Ital­ian Govern­ment got into power on the back of a ‘quit Europe’ man­i­festo.

To lose Bri­tish busi­ness could be cat­a­strophic for Brus­sels in more ways than one. Rus­sell Luck­ock is chair­man of Birm­ing­ham press­ings firm AE Har­ris

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