Astounding, and what do our esteemed leavers think will happen to the rest of the Oxford plant if it’s hit with a 10% tarrif on the 100,000 plus minis that are exported to the european mainland each year, (represents about £150m per year loss assuming they are all base model mini ones)…plus tarrifs on parts and engines if…
“Cabinet ministers have been told to draw up rearguard plans in case Britain crashes out of the EU with no fresh trade deal.
Brexit Secretary David Davis has urged his colleagues to prepare for what critics have dubbed the doomsday “cliff edge” prospect of leaving on World Trade Organisation (WTO) terms – and hefty tariffs.”
A handy reference: WTO rules mean hefty export tariffs on, for example, dairy products (36 per cent), cars (ten per cent), food and drink (20 per cent) and clothing and textiles (10-20 per cent).