Originally Posted by
Pannonian
It seems the government will be taking the Fox route rather than Gove's. Cut tariffs on nearly everything. That means severe damage to agriculture and manufacturing, as imports will be exempt from additional charges, and with lower costs or scaled up economies, undercut domestic production. Exports will be subject to these charges, and will be uncompetitive. And there will be no need for trade deals, as other countries will have all they want without any need to further negotiate.
London, with its economy concentrated in services, may suffer less damage. PFH's Devon would probably suffer rather more. Especially as the EU will no longer be investing in these areas, and Westminster has never felt much urge to. Less funding, more unemployment, worse economy. This was why neighbouring Cornwall, in the week following the result, immediately sought reassurance that Westminster would replace EU funding with domestic. They knew the track record of Westminster, and feared it would do its usual and neglect the south west. And so it seems it will.