So what would actually happen with no deal? These are just some of the consequences:
Trade The UK would revert to World Trade Organisation rules on trade. While Britain would no longer be bound by EU rules, it would have to face the EU’s external tariffs.
The price of goods in shops for Britons could go up as businesses would have to place tariffs on goods imported from the EU.
Some British-made products may be rejected by the EU as new authorisation and certification might be required.
Manufacturers could move their operations to the EU to avoid delays in components coming across the border.
People The UK would be free to set its own controls on immigration by EU nationals and the bloc could do the same for Britons.
There could be long delays at borders if passport and customs checks are heightened. The fate of expats – there are 1.3 million Britons in EU countries and 3.7 million Europeans in Britain – in terms of their rights to live and work would be unclear.
Professionals working in the EU might find their qualifications are no longer recognised, meaning they are no longer able to practice.
Flights to the EU could be grounded as the necessary safety confirmations to cover both ends of the journey might not be in place.
Laws Relevant EU laws would be transferred over so there would be no black holes in Britain’s lawbook. Britain would no longer have to adhere to the rulings of the European Court of Justice but it would be bound to the European Court of Human Rights, a non-EU body.
Money The Government would not have to pay the annual £13 billion contribution to the EU budget. However Britain would lose out on some EU subsidies – the Common Agricultural Policy gives £3 billion to farmers.
The Irish border The issue of the border between Northern Ireland and the Republic would remain unresolved. While physical infrastructure has been vetoed, the border would become an external frontier for the EU in the event of a no deal Brexit. There would be pressure to enforce customs and immigration controls.
inews.co.uk/news/brexit/no-deal-brexit-what-meaning-uk-leave-uk-consequences/
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