Once again #Brexit provides a good example of what is sometimes referred to as the 'gravity' model of #internationaltrade... the nearer (& larger) the market is the greater the pull of imports & exports (& thus volumes).
Leaving the #EuropeanUnion added friction & barriers to dealing with our closest major market(s); fiddling round with trade deal(s) with distant economies will never make up for the gravitational pull of a neighbouring market... as we are finding out!
https://www.theguardian.com/politics/2023/nov/25/uks-flagship-post-brexit-trade-deal-worth-even-less-than-previously-thought-obr-says
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-11-25 17:49:22
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2023-11-25 17:49:22Event JSON
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