If you introduce trade friction and additional costs that inevitably reduces trade and investment, with a consequent real reduction in wealth. What the modelling does is to put a value on the loss of… (View Post)

The productivity cost of Brexit per OBR is 4% of yearly GDP, according with other economists of up to 6% hit, which maps to around £100 billion a year. The potential US tariff savings against the EU … (View Post)

Brexit was economically illiterate, as your comment here so clearly demonstrates, just as Trump's tariffs are also economically illiterate. The only good thing about the tariffs is that they can… (View Post)

A partial reset with the EU is indeed a big prize but the current government isn't pursuing it with any energy. The risk is it will push for a deal with Trump with relatively little upside at th… (View Post)

In the long term being dead might prove to be an excellent decision ... (View Post)