«If
we lose access to the single market, let alone the customs union, that would be a huge blow to the British Economy.»
Switzerland has been warned by the EU that it will
lose access to the single market if it goes ahead with any limitations.
One respondent commented: «
we lose access to the single market and customs union.
Not exact matches
Yet even if the Britain
loses access to the European Union's
single market, many firms have lowered their estimates for job losses in London, meaning the city will likely remain Europe's financial center.
The currency has been under a lot of pressure on fears that the United Kingdom could experience a «hard» Brexit and practically
lose access to the European
single markets when it leaves the European Union — which could shock the local economy.
Some banks lowered the estimates for jobs they need
to move as they consider more carefully how much of their operations they will need in the European Union if Britain
loses access to the bloc's
single market, the survey found.
Leading Brexit supporters believe there is nothing
to fear from
losing our special
access to the
Single Market.
Another is that Barnier explicitly warned that U.K. banks will
lose access to the E.U.
single market when he said the following:
However all is not
lost as there is a precedent for a free trade agreement that gives
access to the EU
single market without full adherence
to the principle of free movement in the shape of the bilateral free trade agreement between Canada and the EU (CETA).
The broad consensus among those who believed a hard Brexit would negatively impact the economy, said: prices and inflation would rise; we would
lose manufacturing jobs as companies moved operations away from the UK and into Europe
to access the
single market; and, Sterling would fall as the UK struggles
to conclude advantageous trade deals with other countries.