That’s just a starting point. Now, there are two possible outcomes, and only two. Either Brits pay that difference for the same goods — exactly the same beer, cheese, cars, wine, and so forth. Or they don’t have them at all. If they want them, they will have to pay that additional amount eve…
Or they look for substitutes like Chinese, Japanese, American, Australian, New Zealand beer. Same thing for cheese. Same thing for cars. Note they can buy the same European cars made in Russia ro assemble in . . . Japan, China, Brazil, etc. Or American cars. Same thing with wine: there must be at least twenty countries outside Europe who produce good quality wines. And so forth.
You only look at one side of the picture.