The complete withdrawal of manufacture from the UK yes, as I think you'll find Thailand already has a deal with the EU, so imports from their are like for like or pretty close and labour a fraction of the cost of UK. If we don't get a deal anything from the UK will cost more, some industrial bodies are quoting 20% or more. Within the next few years much of our manufacturing will disappear if we don't get a good deal with the EU.
The likes of Mini (BMW), Toyota, Nissan, whats left of Vaxuhall just vans now I think will go, Honda in Swindon we already know about. I know people from there and regardless of what's said officially, it is Brexit, they aren't willing to make the future investment in the UK.
Wait till the financial sector takes it's hit if we don't get a deal!
Anyway enough of the B word, we'll all find out very shortly.
Indeed, we do about almost 50% of our trade with the EU. Any economist will tell you that your immediate neighbours will always be your most important trade partners. The EU gives us access to 27 nations, with the 27 governments, around 27 languages, cultures etc, but all operating as one open market under a common set of rules. It really is quite amazing.
The EU also gives, or gave us over 50 comprehensive trade agreements across the globe.
Now it looks as we might be about to throw that all away. The current government is clear that it favours a hard BREXIT, which will make trade more difficult with the EU and the other countries that we access across the globe through those EU stuck deals that we were major negotiators in.
Fours years in, and no clear result insight, few manufactures are prepared to take the considerable risk of investing in the UK, and those that are home grown or have already invested in the UK are, one by one, leaving.
The leading BREXITEERS are comfortable with this. Both Johnson and Rees-Mogg are admirers of the leading BREXIT economist Professor Minford. Minford is quite clear, that whilst he favours a hard BREXIT, it will not only destroy UK automotive manufacturing but UK manufacturing as a whole. Not much will be left.
It will be in your interests to do it, just as in the same way we ran down the coal and steel industries
Professor Minford
Remember this is what you voted for.