EU will be the loser

EAcH day’s report of booming Britain lays bare the vacuity of the Brexit naysayers’ doomsday scenario, particularly with regards to job losses and the economic consequences of a no free trade deal.

Britain has a trading deficit of £80 billion with the EU, so a reciprocal tariff of, say, 10 per cent, would mean an overall £8 billion addition to the Exchequer.

Also, instead of job losses, the application of tariffs would create more well-paid jobs as the major EU exporters come under pressure to relocate manufacturing processes to Britain in order to avoid the tariff.

The contentious Irish border problem will be solved when the ramifications of Ireland no longer being a net recipient of EU (our) largesse fully sinks in.

This couples with the fact that Ireland’s neutral status will be threatened when it is expected to supply troops to the new EU army.

The obvious solution is to follow its single best customer — Britain — out of the EU.

Assuming the EU Brexit negotiators are honourable people, playing hardball (rightly so) to alleviate the dire economic consequences of losing their second highest net contributor, they must know that when all the noise dies down, a no-strings attached free trade deal is the only sensible answer.

Anything less and the EU would be the loser. richArD reiD, leicester.