Post-Brexit collapse in trade

[Tranquillus in Exile]

… ‘failed to materialise’.


The ports would be plunged into chaos. Stranded lorries would turn Kent into a giant car park. The supermarkets would run out of food, the factories would run out of parts, and export industries would be blown apart.


A new report by the National Institute of Economic and Social Research found there had been a ‘significant improvement’ in the UK’s net trade performance with the EU since the referendum.

Paul Mortimer-Lee, the report’s author, said: “This raises the question of whether analysts have been looking in the right place when searching for economic losses owing to Brexit.”

https://www.telegraph.co.uk/business/2022/02/04/post-brexit-collapse-trade-failed-materialise/


Gotta look some place else, Remoaners! Under your beds, maybe.

 

[Jack]

Any word on when Scotland leaves England and joins the EU?

 

[Tranquillus in Exile]

Any word on when Scotland leaves England and joins the EU?

Nope.

Did you know that in 2019-2020, before the pandemic, the devolved government of Scotland raised around £300 less per person in taxation while spending £1,600 more per person than the UK average? Scotland’s public spending deficit was 8.6% of GDP and rising. That, of course, was financed by the rest of the UK.

https://www.bbc.co.uk/news/uk-scotl...ar, and represented 8.6% of the country's GDP.

The Scots could always bet that the EU would be ready and willing to change its fiscal rules and take that on. What do you think?


P.S. Here’s an amusing fact. Prior to Brexit, Scotland’s higher education system was free to students from Scotland and any EU country except England, which was largely paying for it. I don’t know what they’ve done since Brexit.