Re: Is this the same Dyson who has no time for the EU ?
UK loses tax-free access to the single market hard it is quite likely going to cost him a pretty amount of sales.
Unlikely. The FX rate fluctuation have much bigger impact on import/export than tariffs do ; for example GBP fell more than 7% since June vote (relative to EUR; at one moment it was almost 15%), but the average WTO tariffs (i.e. the cost of export to EU in case there is no trade deal) are just 2.5% . That's how much FX rate of a major currency might move in a month, in the period of low volatility. Why do you think the Germans have not kicked out Greece from EUR yet? Because it would destabilise the single currency, which is the biggest aid to German exports both on the continent (removing FX rates entirely) and elsewhere (keeping EUR artificially low)
Biting the hand that feeds IT
