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Europe is not a country and the UK is not Europe -- I get it.
I have traveled a bit in both.
So, the UK government will lower its tariffs now? Import more goods that British workers will have better selection and prices -- Oh wait?
Less tariffs -- less tax revenues.
Lower Tarrifs=> More Imports=> Less Jobs=> Less workers -- less tax revenues.
Well, the UK signed the WTO|GAT in 1948 so your tariff rights are limited there too... is GATEXIT next?
The nation-states in the EU amount to 50% of your export trade the UK raw and resale product prices just went up (After Article 50 Brexit) 20% on all b2b sales. Those products will not be traded VAT free with the EU. Same with raw and resale products imported from the EU imported to the UK -- when the cost of goods rises wholesale -- guess who pays -- the consumer. If higher prices lead to higher wages inflation becomes a problem and the currency value deflates. Soros is predicting a GBP in the $1.05 range -- he just may be correct.
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