On topic, I remember Hacker's oddly appropriate description of his first meeting with the US President in Yes, Prime Minister: "When we started our talks I read him my brief and he read me … (View Post)

I mean that the rules of the Single Market favoured trade with countries in the SM compared to trade with countries outside the SM. Which is why our trade with the EU as a percentage of total trade i… (View Post)

The EU took about 43% of our exports in 2019, down from 54% in 2002. That was while we were still members of the single market. So while we do of course trade with our neighbours, we do so less and l… (View Post)

People have been predicting that for many years, but I don't thnk it will happen soon, if at all. It runs against the one-size-fits-all mania in Brussels; they would have to admit to themselves … (View Post)

You need to brush up on your national income accounting - basic first year undergraduate macro. Increasing investment INCREASES a current account deficit, rather than reducing it. See here for a tuto… (View Post)