Wednesday, September 04, 2019

NO-DEAL BREXIT – SERIOUSLY? A brief overview by Nik Zafri

I don’t think an advanced nation such as Britain will agree to this proposal. Unless Britain has already an extremely efficient master post-Brexit plan that I may not be aware of. I always hold to the principle that we “don’t solve a problem with a bigger problem”.
What I see as a layman, the future exports from Britain to the EU will be greatly affected – tax, tariffs, customs, restriction etc. everywhere. What impacts it will have on the businesses, demand and supply, law, rules and regulations, political scenario, transportation network, Immigration and so on. I can't imagine the heaviest impact on the people...it will be hard if this "NO-DEAL" proposal is approved (which I doubt it)
Imagine Britons living in the EU countries? Will there be a mass migration? How about EU citizens in the UK?
I read with interest an article written by Anand Menon published in the Guardian, among others :

a) losing access to EU database
b) losing other forms of cooperation such as European arrest warrant, Schengen Information System and Europol.
He said further : This will hinder policing and security operations in a world where data is key to solving crime. Nor is it inconceivable, say, that we will witness a rise in organised criminal activity, as gangs seek to profit from this disruption.
I do believe that Britain will get through this but it may be time consuming to adapt to the new scenario of being a stranger in the European Union. There may be a significant fall in the per-capita income (Quoting Menon : 3.5% and 8.7%)
So what now? A “Divorce” bill without grace period of transition? Or will there be a grace period for smooth transitioning. Or perhaps a new set of rules will be imposed by the UK in the trade relation to the EU Countries?
It’s too early to tell.