,
5 tweets,
1 min read
Read on Twitter
Dear every hard Brexiter who wants a hard Brexit with WTO rules,
I'll write slowly so you can follow this.
1. If we go to WTO rules we will need to apply tariffs to our exports and imports.
2. If we apply tariffs, then British manufacturers exporting will be more expensive.
I'll write slowly so you can follow this.
1. If we go to WTO rules we will need to apply tariffs to our exports and imports.
2. If we apply tariffs, then British manufacturers exporting will be more expensive.
3. If our exports are more expensive, fewer people will buy them and jobs will be lost and the economy will tank.
4. If we decide NOT to apply tariffs, then WTO rules say that foreign importers can flood us with cheap tariff-free goods.
4. If we decide NOT to apply tariffs, then WTO rules say that foreign importers can flood us with cheap tariff-free goods.
5. If our country is flooded with cheap tariff-free goods, then our domestic producers will not be able to compete, they will go bankrupt, jobs will be lost and the economy will tank.
6. The only way our manufacturers can compete with cheap tariff-free goods flooding the country from 3rd world countries would be to reduce OUR wages and working conditions to those of the importers.
7. In other words, our wages etc reduced to same levels of 3rd world countries.
7. In other words, our wages etc reduced to same levels of 3rd world countries.
8. So. No deal Brexit with WTO rules will mean - in order to avoid economic meltdown - that our working conditions and wages are reduced to 3rd world levels.
9. Now can you see why the hard-right of the Tory party are so keen on a no-deal Brexit?
9. Now can you see why the hard-right of the Tory party are so keen on a no-deal Brexit?
