Exactly. The EU just needs to sit on their hands for 2 years, and that will mean an automatic tariff of 9% on 44% of British exports.
Although with the plummeting pound British stuff might still manage to be as cheap. Only now 4.5% of British exports will be going into European hands instead of British.
Although with the plummeting pound British stuff might still manage to be as cheap. Only now 4.5% of British exports will be going into European hands instead of British.