'Don't be fooled by EU's poker face…we hold the best cards in the game of Brexit negotiations'
Don’t be fooled by EU’s poker face…we hold the best cards in the game of Brexit negotiationsREMEMBER how EU economies were supposed to soar ahead as the UK descended into a self-inflicted, Brexit-induced slump?
Given the importance of manufacturing to the German economy, it is likely the whole economy is now heading for recession — a fate the country only narrowly avoided at the end of last year. Of the large Eurozone countries, only Spain is currently outgrowing us — but Spain is still recovering after a very deep recession from which it emerged in 2015. In common with Italy, the Spanish economy is still smaller than it was before the 2008-09 banking crisis.car factory is earmarked for closureAll bad news in the UK economy is automatically attributed to Brexit — on the BBC, especially.
In 2018 we exported £289billion worth of goods and services to other EU countries and imported £345billion from them — a trade gap of £56billion. Moreover, EU exports to Britain are concentrated in products that attract relatively high tariffs.
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