The UK will face “extremely nasty repercussions” as a result of its trade war with the EU after Brexit.


The UK will face “extremely nasty repercussions” as a result of its trade war with the EU after Brexit.

According to Jonathan Portes of This website, BREXIT trade tensions could have “extremely nasty implications” for both the UK and the EU, with the EU potentially launching a series of retaliatory measures.

Michael Gove, the Secretary of State for Levelling Up, stated today that the UK will not execute Article 16 in the Brexit impasse with the EU. Prime Minister Boris Johnson and Lord David Frost claim that the Northern Ireland protocol isn’t working, and the UK government is threatening to suspend portions of the Brexit trade pact. “Everyone recognizes that the execution of the protocol at the moment is causing some interruption to trade and, at the very least, is causing inconvenience to inhabitants of Northern Ireland,” Mr Gove said yesterday. I believe the [European] Commission is taking a constructive approach, and Lord Frost has stated that “although it’s always possible that Article 16 will be triggered, we’re sure that we’ll be able to make progress without it.” The possibility of a trade war between the United Kingdom and the European Union looms, but Jonathan Portes, Professor of Economics and Public Policy at King’s College, told This website that such a conflict would be bad for both the UK and Northern Ireland.

He stated, ” “What we’ve seen over the last few days is the UK government waking up to the potentially disastrous repercussions of overplaying its hand and invoking Article 16.

“It’s tough to end a conflict once it’s started because neither side wants to be regarded as losing, which would be very destructive.”

Professor Portes explained that the EU might attack the British economy in a variety of ways.

He went on to say: “The EU’s options for retaliation are unclear, but it may suspend the present data access equivalence ruling, which permits corporations to transfer data from the EU to the UK, which would be extremely harmful to some UK businesses.

“It could impose stricter customs procedures. There is some leeway in the legislation in terms of how stringent you can be in enforcing every formality, so they could ramp it up and make things more difficult for British exporters.

“The legality of this is unknown, but the EU could put targeted tariffs on car parts, which would also be quite.” “..


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