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The "worst case" Brexit you outline is the likely outcome if the UK leaves the EEA. Services take up the largest share in the UK's exports and comprise the sector with the highest net positive contribution to the balance of trade. Its demise would not only mean a collapse in high paid labour and taxation, it would open a huge hole in the UK's trade balance and inflate its external debt.

luis_de_sousa@mastodon.social
by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Tue Aug 22nd, 2017 at 03:21:10 PM EST
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