Quote:
Originally Posted by Sephiroth
I think that is the lazy view. As you know, there is a deep imbalance on trade between the UK and the EU. Wealth generation depends on either reversing that imbalance (Brexit doesn't help but it's there whatever) or increasing our trade elsewhere through our endeavours. We can do that whether or not we are in the EU.
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I think we pretty much have a trade imbalance with lots of countries, not just the EU but also the US and others. Part of our problem is that free trade is easiest in manufactured goods and not services and we focus on the latter.