Why Britain must look beyond the US for trade deals
UK Prime Minister Boris Johnson should be congratulated for making Brexit happen. The landmark UK-EU trade deal worth £660 billion (US $893 billion), according to Johnson, just passed through UK Parliament and comes as welcome relief to economies on both sides of the channel. The deal will allow the UK to access EU consumers without tariffs and prevents a no-deal Brexit from taking place.
But the country will now have to reset its position in the global trading landscape as its economy feels the pressure of rapidly increasing debt. Without the comfort of the EU market and an untested presence as a solo sovereign trading nation, the UK risks becoming financially isolated.… Seguir leyendo »