Posted on 08/10/2016 2:45:55 PM PDT by Berlin_Freeper
Despite hopes that negotiating its own trade agreements would boost the U.K. economy, even the worlds' biggest countries won't serve as a magic trade bullet.
For example, the U.K.'s trading relationship with China is much smaller than you'd expect. Signing a good trade deal won't be the transformative move that pro-Brexit supporters are expecting, according to a new report by the Institute for Fiscal Studies.
Even if British exports to China grow by 10% annually over the next 15 years, this still won't come close to levels seen with Britain's top trading partners: the United States and the European Union. And dramatic trade expansion with China won't do enough to compensate for small losses to EU trade, the IFS said.
(Excerpt) Read more at money.cnn.com ...
Since when does Britain need saving?? If anything, the Brexit vote will save it.
CNN is so damn good at predicting so many, many things. And so knowledgeable, too. About just about everything, aren’t they?
I trust them.
To be wildly wrong.
I'm guessing it's a "projection" attempt at dissuading other EU countries from following Britain's lead.
Yes, we all know that Britain was never known for its trading ability. I hope they can survive. /s
Wasn’t it Bismarck (or maybe it was Napoleon) who referred to Britain as a “nation of shopkeepers”? I guess it was not working for them back then either without the EU, eh?
yep, whatever it takes, any country that chooses to not be assimilated into islam and china russian themepark it will take quite a bit more bravery to right theirs and our ships.
Thanks for the interesting article.
You’re welcome.
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