Re: Pity the small traders
"multi-nationals with coffers overflowing with extortionate profits"
Actually, I don't think most multinationals make extortionate profits.
But you are right in saying that the impact will be less on them as many will be used to trading with countries outside the EU. Hence they have the export departments, familiarity with complex WTO schemes, software, etc. However, hundreds of thousands of small businesses in the UK only have international trade with countries in the EU. This is because these markets are close, have the same regulations as the UK, and there is no customs/export/import hassle. It is these businesses which will be hard hit - never mind any tariffs, it's the bureaucracy and trying to figure out what rules apply that's going to hit them. (As I said before, getting to grips with the WTO schedules is a complete pain, and you also need to know what treaties apply in addition to them.)
Biting the hand that feeds IT
