What Exactly Does A Brexit "no Deal" Mean?

[crackernut2]

Can anyone please explain in so many words what what a no deal Brexit means and what are the consequences for trthe UK?
Thanks

[pansypotter]

A no deal Brexit means the UK would leave the European Union (EU) immediately on 29 March 2019, and there would be no agreements in place about what their relationship would be like in future. I dont think anyone really knows what the consequences will be for the UK. casera casera

[CrapAtCryptics]

Que sera sera - I still think, in the long run, we can thrive outside the EU.

[mushroom25]

on midlands today yesterday, it was explained that on Brexit day, with no deal, the UK reverts to WTO trading rules. for farmers selling their produce to the EU (for example), this means the imposition of tariffs - lamb would be subject to tariffs equivalent to a 45% increase in cost. this would make UK farm produce uneconomic to the EU consumer. tariffs also apply in the other direction, and as more than 30% of food consumed in the UK comes from the EU, there will be a corresponding hike for UK consumers. the government could elect not to impose tariffs on EU goods, but WTO rules don't permit this unless tariffs are removed from all imports; this would open UK markets to goods with which UK farmers could not possibly compete.

[Maydup]

Hence the stockpiling!

[pansypotter]

@crapatcryptics, thanks for the spelling correction, it was a bit too early, my brain was still asleep lol

[KARL]

Some of the consequences will be near immediate, for example for travellers in and out of the UK - UK citizens travelling elsewhere may be subject to stricter processing and restrictions on entry, stay, etc. (up to foreign authorities) while foreigners entering the UK may similarly experience changes (up to the UK authorities). There is likely to be some confusion as airlines, ferries, trains plus the immigration officials have to deal with huge numbers of travellers who have not been informed about what to expect. This part of the consequences has me thinking that there will be more chaos at the UK end because (unlike everywhere else I know of within Europe) there are no record systems in place that at the UK border instantly recognise legitimate foreign UK residents.

Other consequences, such as trade, health service capabilities, food availability and cost, etc., etc. will take years to fully emerge. Those who point out that nobody really knows the full story are correct. Promises have been issued to the effect that from 29th March the UK is heading for a bright new future, it's never been so good, "we'll show them" because the rest of the world is going to flock in fawning to beg the UK to allow them to receive the UK's blessing. I am unconvinced and (as I have previously said) I will watch with great interest.

[bobc1941]

Whose hoarding what ?