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> The new trading relationship between the UK and EU, as set out in the ‘Trade and Cooperation Agreement’ (TCA) that came into effect on 1 January 2021, will re
by lozenge 4y ago
> The new trading relationship between the UK and EU, as set out in the ‘Trade and Cooperation Agreement’ (TCA) that came into effect on 1 January 2021, will reduce long-run productivity by 4 per cent relative to remaining in the EU.
> Both exports and imports will be around 15 per cent lower in the long run than if the UK had remained in the EU. (OBR)
Trump never lowered trade by 15 per cent and most of what he did can be reversed. Brexit, which started on a cynical whim of David Cameron. can't be reversed.