Even not having service trade isn’t a great disaster. Companies with sizeable EU revenue can just set up a European subsidiary (in Ireland, etc) to conduct business in Europe from the UK (or anywhere).
(Though I accept it’ll be a pain for e.g. finance companies which the EU requires to be based within the EU,)
Startups eespecially aren’t held back by these rules right now, they just sell everywhere in USD (and at some point when they’re big enough create an EU subsidiary).
The goods thing would be a real issue, if everything on supermarket shelves became 1.5x as expensive. So as long as that’s solved it’ll be fine.
Even not having service trade isn’t a great disaster. Companies with sizeable EU revenue can just set up a European subsidiary (in Ireland, etc) to conduct business in Europe from the UK (or anywhere).
(Though I accept it’ll be a pain for e.g. finance companies which the EU requires to be based within the EU,)
Startups eespecially aren’t held back by these rules right now, they just sell everywhere in USD (and at some point when they’re big enough create an EU subsidiary).
The goods thing would be a real issue, if everything on supermarket shelves became 1.5x as expensive. So as long as that’s solved it’ll be fine.