Nothing to do with our EU exit. We were blocking the tariffs thinking we would remain in. I was merely bringing up that the very companies that are trying to threaten the government over an EU exit are the same companies the government was trying to help by blocking tariffs. Once we leave and the tariffs are not blocked anymore (in the EU minus UK) where will these carmakers, aerospace manufacturers etc. go?
Politics is a fine balance and when the Steel Crisis hit I said this. A long way before the referendum. Scroll back a thousand of my posts and it will be somewhere. The government at the time had to choose between protecting 400,000+ jobs in steel dependent sectors with the <50,000 in steel production.
Most of these carmakers refuse to list how much British Steel they use. One did and it was 40%.
You are screwed either way. Impose tariffs on steel and manufacturers will go where supply is cheaper.
Let cheap steel in, you screw over steel workers. And EU can refuse to buy your manufactured goods anyway. Especially if you insist on paying high wages which renders products not cheap despite the cheap supply of base material.
It will have to be carefully managed, or it will be a disaster. And even if managed correctly, you will still lose money.
But there are more important things than money. There are countries with less GDP and less GDP per capita than you that seem happy.
These UKIP/BREXIT/Tory types have sold you a fake bill of goods. You will not be economically stronger without EU. You will be weaker.
This is a cultural decision. People will be paid too much to make stuff, and consumers will pay too much to buy it. That is very inefficient. But the money stays in the country. How much will you pay to preserve "British culture?"
