, 6 tweets, 2 min read Read on Twitter
On Minford's 4 points. 1) You would only see gains from an (any) FTA once it’s implemented. Impact of no-deal would be felt immediately. /1
You don’t have any trade agreements and negotiating them will take time. So far, you’ve not even been able to conclude the lesser continuity agreements with all the existing partners. Not even half… /2
2) EQUIVALENT to a tariff. It won’t be a ‘border wall’ wall just friction resulting from having a normal border in place. Also non-tariff and behind-the-border barriers to trade are much more difficult to regulate, spot and remove. Kind of why there is so much fuss over them /3
3) Civitas statistics again. Whatever the numbers are you don’t ‘receive’ tariff revenue from exporters. You get them from your own importers. It’s an import tax paid by your own importers. The authorities get the revenue but the importer pays and often passes to clients /4
4) Personally, I can’t wait to see the UK population pick up the work currently done be unskilled immigrants. I think definition of 'skills' might change very quickly /5
I'm just going through the motions here. To be fair, whether you're pro or anti #Brexit I hope you're at least clear on the first 3 points. /end
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