Quote:
Originally Posted by Chris
Much about our trade patterns had to change, quickly, in order to fit us into the common market, which is part of the reason why many Brexiteers are so confident that our trade patterns will relatively easily snap back into their natural shape once we’re out.
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What is their natural shape? The gravity model suggests that greater distances weaken the attractiveness of trade and proximity increases it. Therefore, a high proportion of our trade should be with the EU and not with former colonies like Australia and Canada.