Geraint Davies MP

Working hard for Swansea - yn gweithio dros Abertawe

Brexit Tariffs Mean Swansea Job Losses

This week i warned MPs in Parliament that leaving the EU would result in tariffs from the EU on British exports as most EU countries have a trade deficit with Britain.

In a question to Chancellor of the Exchequer George Osborne, I asked: “Only two countries, Germany and the Netherlands, run a surplus with Britain, the rest have a deficit. So does he agree that if we did have Brexit, the other countries would vote for tariffs, and indeed so would Germany to stop Japanese car imports?”

“Has the Government modelled what would be the impact of those tariffs on employment levels in the short and medium terms, and on inward investment? Disastrous, I suggest.”

The vast majority of EU countries sell less to Britain than we buy from them, with only Germany and Holland selling more to us than we do to them. Therefore if we leave the EU the others will vote to introduce tariffs on UK exports. This would be a disaster for exporters to the EU, and to the 25,000 jobs in Swansea Bay that rely on these exports, to what is the world’s largest market.

The tariffs would also have a drastic effect on inward investment. Foreign manufacturers like Ford, Toyota and Airbus invest in the UK as a tariff-free platform into the EU. Voting to leave would put thousands of jobs and millions in investment at risk across West Wales.

I also said to Boris Johnson that as the vast majority of EU countries had a trade deficit with the UK we would face tariffs, he had no answer.

Reactions

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commented 2017-06-10 13:23:43 +0100
This demonstrates there are significant contrasts in conclusion inside the U.K. on whether to stay or leave the E.U. Another alarming http://www.pro-academic.co.uk/buy-dissertation/ issue is that the principle restricting gathering to the Conservative party, the Labor gathering, is having real issues inside their own gathering. Jeremy Corbyn who was chosen under two years back has experienced absence of support from his gathering, because of his absence of initiative. To call the U.K’s. present political circumstance poor would be putting it mildly.
commented 2016-06-27 13:49:08 +0100
I totally agree with Kerry’s comments. 48 to 52% is too narrow. And that combined with reports that some leave voters are now questioning their decision. Please vote this down.
commented 2016-06-26 17:38:42 +0100
You are of course correct. Will you now please vote down the referendum result? It is an absurdly narrow majority on which to change our rules so drastically. Not even a golf club would change its rules on less than a clear and substantial majority – such as the two thirds required in parliament to trigger a general election. You are the elected government and must take responsible action. Your own constituency came nowhere near a two thirds majority. Vote this down. Please.

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