>According to the Telegraph, co-author and associate professor of economics at LSE, Thomas Sampson, said the increased trade costs “make the UK a harder place to do business.”
Unless you’re a UK business selling into the domestic market.
People voted to be worse off. For higher imported food prices and for it to be too difficult for small companies to export. It’s disrespectful to their intelligence to suggest otherwise
The new report says there was a sharp drop in the number of trading ties between British exporters and EU importers after the Brexit deal was signed, with “lower value” relationships hit, as Britain stopped selling to smaller countries in the EU.
[…] the study also found no evidence the Brexit deal led to a decline in UK exports to the European Union.
[…] the study said “although UK exports to the EU fell sharply at the start of 2021, they subsequently rebounded, and our results do not show a persistent negative effect of the TCA on export values.”
The study also warned “against drawing premature conclusions about the long-run trade effects of Brexit”.
Overall it seems to me that the conclusions of this report are a bit all over the place…I guess the pandemic skewed the data, but the only takeaway seems that we cannot say
Isn’t that what they wanted though? Less foreign spending and more internal spending?
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>According to the Telegraph, co-author and associate professor of economics at LSE, Thomas Sampson, said the increased trade costs “make the UK a harder place to do business.”
Unless you’re a UK business selling into the domestic market.
People voted to be worse off. For higher imported food prices and for it to be too difficult for small companies to export. It’s disrespectful to their intelligence to suggest otherwise
The new report says there was a sharp drop in the number of trading ties between British exporters and EU importers after the Brexit deal was signed, with “lower value” relationships hit, as Britain stopped selling to smaller countries in the EU.
[…] the study also found no evidence the Brexit deal led to a decline in UK exports to the European Union.
[…] the study said “although UK exports to the EU fell sharply at the start of 2021, they subsequently rebounded, and our results do not show a persistent negative effect of the TCA on export values.”
The study also warned “against drawing premature conclusions about the long-run trade effects of Brexit”.
Overall it seems to me that the conclusions of this report are a bit all over the place…I guess the pandemic skewed the data, but the only takeaway seems that we cannot say
Isn’t that what they wanted though? Less foreign spending and more internal spending?