The Esk
Player Valuation: £70m
We have a trade deficit with the EU. It is in both of our interests to sign a good trade agreement. The Germans are not going to stop exporting their motorcars out of spite.
The problem is that if we leave the EU the amount we import will remain the same but the amount we export to the EU will certainly fall as EU members switch to other EU suppliers. Thus our trade deficit will grow as a result.
That is an undeniable consequence of leaving the EU. It will be compounded by a fall in direct foreign investment, and quite possibly the relocation of existing foreign owned businesses from the UK to continental Europe.