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The UK has not cut itself out of the European market, any more than the US is excluded from trading in Europe.
by denton-scratch 4y ago
The UK has not cut itself out of the European market, any more than the US is excluded from trading in Europe.
- woodruffw 4y agoI said common market. The UK is no longer in the EU common market[1], and is thus in the exact same position as the US. Unlike the US, however, the UK was previously in the EU common market. As a result, the global economy is now correcting for the UK's newly diminished trade efficiencies with the EU, whereas nothing has substantially changed for the US. [1]: https://en.wikipedia.org/wiki/European_single_market https://en.wikipedia.org/wiki/European_single_market
- denton-scratch 4y agoOh, OK. The "common market" is the name for an old form of the EU, that was really just a trade zone, without the "social" rules. We joined the Common Market, but we left the EU.