turtle wrote:So lets look at another scenario .... Lets imagine there in no real deal and we both part company yes this will have an effect of the UK and we chose this root so really that is down to us but how will this have an impact on EU imports to the UK. ?
A lot has been said about how it will damage the UK but what damage will it do to the EU.... can they afford to risk this ? the EU finances are not in good shape and the Euro is failing.
So really my question is can the EU cut the UK adrift ?
Firstly I think the idea that it is solely down to us (the UK) as to if we accept a deal or choose the 'no deal' route is misguided. A deal requires both parties to agree. A no deal requires only one party to not agree. That could be the UK choosing the 'no deal' option but I see no reason why it could
only be the UK that chooses such ?
As to who can most 'afford' a 'no deal' result well that has already been discussed
here
The reality is, at least EU wide, that UK exports to the EU represent in the region of 44% of total UK exports worldwide and EU exports to the UK represent around 14% of EU worldwide exports. Now it is true as as Groucho pointed out in the previous discussion of this, that if you compare the UK not to the EU as a whole, but to individual EU members alone, like say Germany then the numbers are very different and that may indeed have some impact but over all currently the UK's exports to the EU are a much larger proportion of all it's exports than the EU's exports to the UK are of theirs.
Even when considering the UK with say Germany alone, there is the very real difference between 'goods' exports that have WTO rules that would come into force in the absence of any other deal agreed between EU and UK and 'services' exports that would not. If you really want to try and gauge what the effects of both UK and Germany alone would be in a hypothetical scenario where 'no deal' happens, then you need, I think, to consider not just the total value of exports from each country to the other as a proportion of all exports from each country but also how much of that export amount is 'goods' and how much is 'services'.
For me as a 'negotiating strategy' to even be talking publicly (our representatives I mean, not us) at this stage about who would loose more in a 'loose - loose' scenario is misguided and seems more aimed at 'domestic' consumption than it is at securing the best possible deal in the actual negotiations. Publicly they should in my view be talking only about the desire of securing the best 'win - win' scenario possible.