Why?
Explain in detail with facts not supposition. Explain also how the 92% of planet Earth which is not in the EU are socially and financially impoverished by their exclusion?
1: We have very few if any trade agreements with the rest of the world that do not link to agreements as EU members. Even our WTO access is linked to our EU status. As a result we will need to renegotiate trade deals with several hundred countries starting immediately we leave the EU. As the average trade negotiation takes 5 -10 years we will be caught in a worst case scenario WTO trade situation for a very long time . Trade deals cost millions of pounds. Negotiating new trade deals across all our trading partners will cost billions.
2: Trade deals with an entity like the EU with 742million potential clients are quite obviously better than trade deals that can be negotiated with a small island of 60 million people. As a result the new trade deals will be worse than the existing deels we have now via the EU. People always talk about EU trade and forget our trade deel with China for example, is an EU trade deel.
3: Just in time ordering has revolutionised manufacturing and driven down costs in terms of logistics and storage. Frictionless borders have made just in time ordering a possibility. The reintroduction of hard borders will cripple this service and force manufacturers back to the days of stock holding which involves warehousing, logistics and finance. This will significantly impact on production costs and is the reason behind many other issues like the projected insulin shortage issue. Holding stock is not cost effective or efficient.
4: The financial services sector is critical to the UK economy. We get 28 billion pounds in tax revenue from the Financial services sector. 39% of that came from the EU mainly from something called the Euro Clearing. This will be lost to us when we leave the EU at a tax loss of 11 billion pounds. A 44% of financial trade goes to the EU and we benefit from something called the Financial Passport, or Bank Passport. This will be lost post Hard Brexit and the total cost to the British tax payer of this and the Euro clearing will be in the region of 16 billion pounds a year
5: The Irish border issue is not only a trade issue but also a direct breach of the Good Friday Agreement which brought a level of peace to Ireland. It is likely a collapse of the GFA will follow a hard Brexet
6: Problems with in the import of foreign labour will cause big problems for the NHS and Farmers. The NHS is already indicating staff shortages of 100,000 people due to immigration issues exacerbated by Brexit. The prediction is a shortage of 350,000 staff in the next three years. We do not have the skilled staff to cover these positions in the UK and we have not got the infrastructure to provide training. As a result this will need to be set up for future requirements but the cost would be significant and the time delays damaging
7: Even with trade agreements in place and ignoring the loss of just in time imports, the border controls will massively impact trade with Europe causing delays which cause costs. As we speak they are putting in provisions to use the M26 as a lorry park to cope with the back log of lorries trying to get through Dover and the Chanel Tunnel rail link. This in turn will cause chaos on the roads of Kent.
8: In order to get big business to continue to have factories in the UK we will have to offer significant tax incentives so the company's can off set logistical and import export tax losses. This will have to come from the tax payer
9: Regardless of tax deals for very large companies line Nissan (who's deel was so awful its top secret) any medium sized to small companies will likely decide that the problems with import export in the UK outside a free trade agreement will cause increased costs and they will look to locate business to countries within the EU which will impact on employment in the UK
10: The IMF calculates the cost of Brexit to be in the region of £6000.00 for every working family in the UK. The Government estimates of the cost of a no deel Brexit are 2.5% GDP reduction or 26 Billion pounds
I could go on for another 10 if you like?