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pol_throw_away | 7 years ago
As someone living in the UK I think the EU holding trade with the EU as a hostage is disgraceful. I understand the EU has real concerns about rule harmonisation it wants to protect and the UK leaving the Union is going to put pressure on that. However, let us say the UK exited the EU tomorrow. What effect would this have on the rules the UK operates under and would this negatively effect the EU enough that it would make sense for them to end trade with the UK? My guess is there would be very little initial change in the law in the UK. Initially I'm guessing the UK would end the jurisdiction of the ECJ, end free labour movement of EU citizens to the UK and stop taking new legislation from the EU. However, note that on day 1 probably all of the laws effecting trade and harmonisation of rules would still most likely be in place. It would make more sense in the no-deal situation for the EU to keep the current free trade in place and introduce exceptions as the UK begins to drift from the common market rules or negotiates free-er trade agreements with other countries that would undermine the harmonisation rules.
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