I do not know either way. But services make up half of what UK exports. Not much shipping going on there. Exported goods to EU makes up 7% of GDP I think? 7% seems workable from my experience as an international retailer. As an example, I am mulling over whether to knock Amazon on the head, currently contributing 10% of my turnover. I suspect my time would be better spent trying to make money elsewhere. And it won't bankrupt me, losing 10%>
I don't really have an opinion here, other than if my figures are right, I can see why Bojo might see no deal as an ok outcome.
That 7% feeds into real lives, real jobs, real mortgages.
There's no guarantee that those who generate that 7% will be able to sell the same stuff elsewhere (is fish really going to be shipped 1000 miles?).
There's also no guarantee that we can make up the 7% with 'new'; industries if the barriers make shipping to the UK/elsewhere uneconomic..
Johnson et. al. is playing his public-school games with no regard to the damage and uncertainty he is causing.
Why should he? he'll be fine whatever.
At least he's not opening up the UK unilaterally. I assume someone has finally realised what that would do to local industries.
However, it does mean higher prices all round.
Unless, of course, the 'bonfire of the regulations' reduces employment costs. Which is, of course, the whole point of Brexit.
Johnson has already given himself the ability to
strip environmental regulations removing any way that future policy can be challenged.
Expect the same for worker's rights soon.
Stephen