Quote:
Originally Posted by stampsx2
Britain, solid century of decline? Since they’ve been in the EU for the last 47 years, you’re right, it’s probably time to try something different.
If every trade deal is cancelled and tarrifs imposed, that will leave a lot of opportunity for new business growth in the country. All the restraints of negotiating better deals with individual countries will be lifted. Britain would fall under WTO trade rules anyway.
As an aside, Canada, Australia, China, U.S. are all not in the european union and are doing arguably better than the eu.
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Britain by virtue of having a market around a fifth of the size is unlikely to be able to negotiate better trade deals than already negotiated on their behalf by the EU.
Additionally the only people in the UK with experience of negotiating trade deals, have not done so since prior to 1973.
So, a smaller market with a significant capability gap and a need to negotiate deals with every market in the world, each that will have their own competing priorities means it does not look good at all for the UK.