Saturday, September 16, 2017

Opaque Foundations

Liam Halligan and Gerard Lyons fulminate about "soft Brexit" in the Telegraph --

Why do we have a large deficit on our EU trade, but a sizeable surplus on our trade outside the EU?

While to them, that's an argument to switch towards non-EU trade, there's a problem. Because trade with the EU is allowing the UK to import things that make it more competitive in trade with non-EU countries!

No comments: