Emeritus Prof Christopher May on Nostr: Once again #Brexit provides a good example of what is sometimes referred to as the ...

Once again #Brexit provides a good example of what is sometimes referred to as the 'gravity' model of #internationaltrade... the nearer (& larger) the market is the greater the pull of imports & exports (& thus volumes).

Leaving the #EuropeanUnion added friction & barriers to dealing with our closest major market(s); fiddling round with trade deal(s) with distant economies will never make up for the gravitational pull of a neighbouring market... as we are finding out!

https://www.theguardian.com/politics/2023/nov/25/uks-flagship-post-brexit-trade-deal-worth-even-less-than-previously-thought-obr-says