Britain’s services were hit hard by BREXIT


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The supposed columns of the economic argument for the brexit were dismantled by a reality. Far from a body from a corpse away from a body, some britisers have grown faster since the UK 2016 referendum because they describe the EU economy. Britain’s goods export collapsed G7 compared with the rest.

“See services”, Briters cries. Their export growth been exceptionalAccording to political exchange, the right thought of the center. The office for the budget liability also noted that the UK service is the trade growth a year ago The strongest in G7.

We must be happy England trade Performed well in the services? Was that the result of the brexit? Short answers are “no” and “no”. Instead, we have to grow further not to grow the services and blame Bexiti for this frustration New research From the London School of Economics.

It is important to note that although the Britain’s economy is, before explaining the findings Many weaknessesServices is a power. Television crews will always want to draw industries such as production or fishing to visually describe those who have become rich in a country, which is not related to 80 percent of England’s economic activity. The success of Britain is located in its lawyers, information providers, creative types, management consultants and teachers. A handful of university Create more export revenues For example, more than all the fishing industry.

Unusual for any economy, UK services Export is not meaningless amounts and almost goods and 40 percent height By expansion of space in 2024. OBB, the British service exports should not be equally strong. Management consulting and research and advertising, work services here – where Bitside Obstacles were small or not existed – strongly grown. Other services also left the unified market, including finance and transport, were not in the remarkable places. However, the financial guard left the hangal analysis.

Received the Bato, Economists of the LSE team left Shanniya Bhaltia, Swati Dhingra and Danyal Arnold. Using the information allowed to increase trade between different sectors and a large number of countries, how strong exports of strong Britain services in each sector compared to all other countries. Following the EU’s brinkogitarian agreements in 2021, they looked at the document and cooperation agreement facing the EU’s services and cooperation.

Results Stark. OBR, the British service exports appeared to face new brexital barriers. Exports to countries with larger obstacles of the United Kingdom have become harder. In addition to the most extreme obstacles, the export exports fell 90 percent. On average, BrechIIT had a 16 percent decrease in the EU services in the sectors that new trade frictions in the same sectors compared to other countries in the same sectors.

Brexit allowed British companies to trade in the United States and other countries? Again, the answer was “no”. In general, research was 4-5 percent lower than the Brechit service of Brechit’s services after five years of exports.

In a nation fighting to accept the relative economic decline since the brexit, we were very fast to celebrate better performance of services. Instead of showing some benefits of the brexit, it shows that many world-class worldwide companies are in the right time in the right time to sell worldwide. If the EU has been creating a “global British” he left, a simple effect: economic damage. Without brexit, it would be better.

chris.giles@ft.com



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