We’re trading with the world. It’s a fantasy

Reworking reality is preferable to accepting that Brexit has left us ripe for exploitation. Like a conman eyeing a mark, the world can sense our neediness. Last year, a desperate Truss unilaterally suspended tariffs imposed by the EU on US goods. She hoped that a grateful America would respond by dropping its tariffs on Scotch whisky, which have cost jobs and £500m in sales. The US was certainly grateful. It accepted the gift but gave nothing in return… More here.

Excellent article about a very non-excellent situation.

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