Tag: Brexit

Is Britain winning or losing from Brexit?

Brexit pessimists are having a field day following official confirmation that UK exports to the EU slumped in January – and they have a point. Anything that increases the cost of doing business across borders was always likely to reduce trade. Nonetheless, the first month’s trade figures after the end of the transition period are … Continue reading Is Britain winning or losing from Brexit?

Big freeze in GDP should keep tax hikes on ice too

The latest UK GDP numbers were better than expected, but it would still be dangerous to raise taxes in the March Budget. This would be far too soon after a year when the economy contracted by nearly 10% and with a renewed decline almost certain this quarter. To recap, UK GDP rose by 1.2% m/m in December … Continue reading Big freeze in GDP should keep tax hikes on ice too

Importing is ‘GREAT’, too

The UK government promotes international trade under the banner ‘Exporting is GREAT’. However, imports are a 'good thing' too - and in some ways they are actually better. This is not always an easy concept to grasp. If exports help to support local businesses and create jobs, it seems logical that imports must do the … Continue reading Importing is ‘GREAT’, too