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?
The lead in Sunday’s Observer (7th February) was ‘Fury at Gove as exports to EU slashed by 68% since Brexit’. If this headline is right, this is indeed a ‘Brexit disaster’. Fortunately, some basic due diligence suggests that it’s over the top. The Observer claims that ‘the volume of exports going through British ports to … Continue reading Have UK exports to the EU really been ‘slashed by 68%’?
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