" Top bosses back remain "

I may just have to vote leave now I think. Take a punt. That 2 year buffer makes a big difference.

I may just have to vote leave now I think. Take a punt. That 2 year buffer makes a big difference.

How long will it take?

This one's easy - two years.

That's the time set by Article 50 of the EU Treaty, which would be used for the first time in history if Britain votes out.

It's designed to give a country time to negotiate new trade deals with the EU before formally breaking ties.

Will the clock start straight away?

It looks like it.

Technically the two years only start when David Cameron formally notifies Brussels. So he could delay the kick-off.

But he told MPs in February: "The British people would rightly expect [it] to start straight away."
(Daily Mirror)

I run a small business and if we leave I will immediately have to increase my retail prices by 10% to cover the hike in import duty I will have to pay for importing goods from a country outside the Eu that has a trade agreement with the Eu but no separate agreement with the UK.
How long will it take for the UK to organise itself to arrange trade agreements with all the markets outside the Eu as well as the Eu itself? Who knows but don't expect it to be a quick and simple process. In the meantime my customer's will have to pay 10% more. Of course many will choose not to, and I will see a massive downturn in trade.

Of course Brexit will see a weakened puond which GOve and the others tell us will be good for exports. True I'm sure, but for a country that has such a large gap between the value of exports and what we import, is that not economic suicide?

So Brexiteers, get ready for an increase in the cost of living but at least you will have more low paid jobs available to you when all the Eu migrants currently filling those low paid roles decide to leave the UK.

How on earth can you justify saying you'll (quote) "immediately increase my prices by 10% to cover the hike in import duty I will have to pay for importing goods from a country outside the Eu that has a trade agreement with the Eu but no separate agreement with the UK" when the process to leave the EU would take a number of years to implement on all sides?

The markets may vary (certainly initially) but you cannot guarantee at this point what will happen in the medium to long term, so your comments smack of (a) personal opinion, and (b) perhaps even personal gain on the back of a Brexit vote!

Either way fella, you are scare-mongering based on the same unsubstantiated figures and guesstimates as everyone else, i.e. supposition rather than fact!

Just wanted to update you on this one my friend.
Today I had to order stock for 2 customers. Good news as business has generally been down by around 70% since the vote. I paid for the imports in US dollars. Value today was 14% down on pre Referendum value of my last order.
I have had to increase my retail and wholesale prices by 10% but even so the business is still making 4% less profit margin than it would have done. That means cut backs in other areas, to maintain the long term health of the business.
Good to see that all respected analysis points to the currency value dropping further in the coming months. Let's hope that long term this resolves well and sterling recovers against the usd and euro. Only problem is that it is likely many small businesses won't be around to see that happen.