There appears to be no end to gloomy stories about the immediate consequences of a no-deal Brexit. In the latest prediction, retailers have warned of shortages of fresh food resulting in price rises.
The consequences of a no-deal Brexit are not just confined to Britain. The Irish Taoiseach (Prime Minister), Leo Varadkar, has tried to reassure the Irish public about the implications of a no-deal Brexit, claiming that it would not trigger recession nor necessitate the return of austerity.
Media scaremongering aside, what are the real risks of a no-deal Brexit? Most of the reliable information can be gleaned from the government’s Operation Yellowhammer documents, parts of which were leaked to the media in mid-August.
Yellowhammer is the codename used by the Treasury for cross-government civil contingency planning in the event of a no-deal Brexit.
Based on the partial leak of Yellowhammer documents in mid-August, and other reliable data, here is a list of five core expected Brexit-related shortages and difficulties in order of importance:
This list is not exhaustive and, crucially, it does not include long-term political and strategic issues, notably the border between the Republic of Ireland and Northern Ireland. A no-deal Brexit will almost certainly lead to the return of a “hard” border between the Republic and British-controlled Northern Ireland.
In terms of the Irish question, the political and strategic consequences of a “hard” border are difficult to calculate at this stage, but the return of border controls will at minimum strengthen calls for Irish unity and the end of British rule in Northern Ireland.