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Of course, the UK can always seek to negotiate its own aviation deal with the US. However, with only nine months to go until Brexit Day, that looks a tall order, all the more so as Britain could cease to benefit after 29 th March from more than 750 other EU treaties and agreements, which will also need to be renegotiated.

But by far the harshest impact of a no-deal Brexit would be on Britain’s trade with the EU which—ironically—Brexiteers regularly accuse of being a protectionist fortress. Their accusations are overdone. The EU’s 5.2 per cent simple average external tariff, though above the 3.5 per cent US average, is among the lowest in the world.

However, EU tariffs on some imports are far higher: 22 per cent on trucks, 17 per cent on footwear, 14 per cent on audiovisual products, 12 per cent on clothing and 10 per cent on cars. British food and drink exports, 70 per cent of which go to the EU, would be hit harder still by a combination of tariffs and import quotas on many agricultural products.

If these circumstances prevailed after Brexit, the prices of many products from the EU—source of more than half of Britain’s imports—would rise sharply. But if tariffs were abolished altogether, as some Brexiteers want, parts of manufacturing and agriculture could face a flood of competition from around the world.

But tariffs are only half the story. A no-deal Brexit would also require UK exporters to struggle with a vast and complex new bureaucratic array of regulations and inspections to ensure that they meet EU standards. For many, the cost of compliance would be far higher than the cost of tariffs.

Brexiteers who say reliance on WTO rules would safeguard Britain’s trade either do not know any of this, or else they do know it and are not telling the truth. The next time they appear on the BBC—which too often allows their false assertions about trade to pass unchallenged—perhaps interviewers might press them to say which explanation is correct.

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July 6, 2018 at 12:53
An excellent article and another good reason for subscribing to Prospect. One wonders how people as sensible as Sir James Dyson can say that the best course for the UK is to flounce out of the EU negotiations without a deal. The author's hypothesis - that Brexiteers either do not know, or are not telling us, that WTO rules will not save us - is chilling. I suspect the first explanation (which may account for the BBC's passivity).
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July 6, 2018 at 15:27
The UK is one of the most important countries in Europe, and it has the best military in Europe as well as tremendous intelligence assets, the best universities, it is English-speaking and has a long tradition of having the rule of law and protection of property rights. Those are big plusses that none of its European partners can match. While there would likely be a transition period if no deal could be reached, the money Britain would not have to pay would take care of a lot of difficulties if it stayed in Britain. The Commonwealth countries, and in particular, New Zealand, Australia and Canada, plus the USA, would work out trade deals with Britain that would more than make up for its EU non-membership, and Germany would not be willing to lose its major market for auto exports, the UK, so it would force the EU at some point to come around and be more reasonable. In fact if the free movement of people becomes less of a principle to the EU as a by-product of the migration crisis, one of the main reasons for the UK's voting to leave may have been answered, and the EU could have just the free movement of goods and of people to the extent that individual countries would so permit. It may be time for some creativity rather than the obnoxious approach taken by Juncker and Barnier-----the populism in much of Europe, including in France, dictates that Britain's opposition to total free movement of people may no longer be so out of step in much of Europe, including one of the founding countries, Italy. In other words, perhaps with Merkel's star in decline, and business interests in Germany being more assertive, there might be a possibility for an association with the EU that would allow Britain to retain more sovereignty than Norway's deal permits but still allow British historical exceptionalism room within a not too tight an arrangement. To to get something like that, Britain has to bargain from strength and not be so fearful of European bullying tactics.
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July 6, 2018 at 16:05
@NR_BUCHSBAUM That is a rather unoriginal rendition of the standard Brexiteer diatribe, worthy of a comment on the Daily Mail, but not Prospect, where one expects something rather better. Try to do better or stop writing tedious and pointless comments that do not respond meaningfully to the article.
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Tank Encyclopedia

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United Kingdom (1966) Main battle tank – around 2,281 built

The Chieftain was a development of the legendary Steve Madden Carrson Sandal Women Black bM4Vr9SQ
, which introduced the world to the MBT concept in 1945, dominated the battlefield in the Middle East and imposed its main gun as “the” NATO standard during the Cold War. However, the fast pace of Soviet advance in ammunitions triggered a study for a new main battle tank aimed at exceeding all expectations and setting up a new reference for the Cold War. And in 1966, when it entered service, the Chieftain was, indeed, the most formidable main battle tank in the world. The Chieftain’s rifled Royal Ordnance L11A5 120 mm (4.72 in) gun was specifically tailored for it and also became the new NATO standard caliber. Its cross-country speed was better than that of the Centurion, and it could maintain it longer than the lighter Leopard I . The Chieftain also had the best protection of the time. The Chobham armor became a milestone in tank protection development.

Chieftain Mark X at Bovington Tank Museum, England

The Chieftain originated from a British Leyland design of a new tank, dating as early as 1950, when the War Office requested a replacement for the Centurion, as the Medium Tank No 2. The Centurion itself was not seen as ideal in firepower since the arrival of Soviet heavy tanks armed with 120 mm (4.72 in) guns like the and following models up to the T-10. The British Conqueror heavy tank (1955) tried to respond with a high velocity, long 120 mm (4.72 in) gun, but not surprisingly failed on the mobility aspect. The next tank had to have a heavier gun on a more mobile package.

Two main features had to be included, a brand new L11 120 mm (4.72 in) main gun, and protection by new thicker sloped armor, capable to sustain an impact from the new Soviet HEAT and improved AT rounds. It also had to be fitted with the new Leyland L60 engine.

For at least twenty years the “magic triangle” speed-armor-armament was not achieved as well as the Centurion had, because the new engine did not fill all expectations and the sheer weight of armor was not met by an adequate power-to-weight ratio. Although having excellent mobility, the Chieftain was the slowest of the three Cold War British MBTs. The Centurion before and especially the Mephisto Womens Lady Patent Patent Leather Shoes Black hBWwIZ9lhR
after, were faster.

Design of the Fv4201 started in 1958, and the first prototype was built in 1959. Six other prototypes and a pre-production series of 40 tanks followed from 1961 to 1963. It was eventually accepted for service in May 1963, officially designated the Chieftain Mark V MBT, accompanied by an order for the production of 770. In 1966 the first Mk.Is entered fully active service with the tank units.

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