|Strictly Come Brexiting with Liam Foxtrot....|
We understand this official press release has been suddenly removed from Government websites, as it make a stunning admission that UK will have to trade under WTO rules until BREXIT terms are finally ratified - this could take many, many years - and that immediately puts a substantive surcharge on a huge range of UK products and services, this is from a previous version before it was pulled by Liam Fox Minister for Brexit Affairs, and assisted by sidekick Stewart Jackson MP .... Ouch!
Will the cost of doing business in other markets increase?
While the outcome of future negotiations can’t be predicted, nothing changes until the UK has exited from the European Single Market.
This won’t happen until at least 2 years after the UK has invoked Article 50, which formally withdraws the UK from the EU. Even then exporters will only be affected if the UK exits the European Single Market as well as the EU. Until then:
- goods and people will continue to move freely between the UK and other EU member states
- the UK is still considered part of the EU when trading with countries that have a trade deal with the EU
There are plenty of opportunities right now for UK businesses to grow through exporting - and many reasons to take advantage of them. Recent research found that exporting led to ‘a level of growth not otherwise possible’ for 85 per cent of exporters. The same research found that exporting had significantly improved the profile or credibility of 87 per cent of exporters.
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