Brexit: After the vaccines, London wins the economic battle against the European Union

Brexit: After the vaccines, London wins the economic battle against the European Union

Opponents of Brexit promised Britain a real disaster, From the 2016 referendum number. However, the country will not suffer until the official release by the end of 2020. Worst, After the remarkable success of the vaccine strategy compared to the European Union, Great Britain 27 years to achieve better financial success than.

Business growth and strong recovery

A month ago, UK exports to EU fall 41% in January, imports down just 30%, Had Introduced as a new negative consequence of Brexit. However, these statistics should be included in perspective: the truth of a month does not have to be for a year, especially after Brexit and in the midst of a health crisis. The commercial reality after Brexit will not be fully explored until the end of 2021. Yet, even this January, the reality in Britain was not bad. of course, Bilateral trade deficit narrowed by $ 1 billion as the country imported more than it sells from the European Union. Clearly, in January, trade with the European Union made a significant contribution to British GDP!

The February statistics are even better Imports from the European Union increased by 7%, especially with pharmaceutical products, while exports to the European Union increased by more than 46%.. As a result, The bilateral deficit is shrinking by another 2.5 billion. The contribution of British GDP from trade with the European Union has already reached 3.5 billion in two months, and the GDP surplus can be estimated at around 1%! Overall, the exchanges with the EU in the first two months of the year are comparable to the exchanges in April-May 2020 in the same context of health regulations. Sure, this is not a final decision, but the trend seems clear: disrupting trade is absolutely limited and London should succeed in 2 months.

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There is another area where Britain is poised to win the European Union on a grand scale: the economic recovery of 2021-2022. Sure, the country’s recession was strong in 2020, but now, The IMF is forecast to grow by 5.3 per cent in Great Britain in 2021, 5.1 per cent in 2022, 4.4 and 3.8 per cent in the next two years.. This finding is based on several factors. The first is the early exit from the health crisis: From April 12, the terraces of pubs and restaurants and all shops will reopen across the channel., There is a significant delay in vaccination as the rest of the continent is under strict control. The GDP figures for the second quarter will make a big difference on both sides of the channel.

But not so, because in addition to Brussels’ limitations, Great Britain also used the opportunity to support the economy more than its former counterparts. In large EU countries, 4 to 11 percent of budget measures inject more than 15 percent of GDP. If the trade balance does not deteriorate, London will benefit greatly from this further stimulus. On the contrary, The EU recovery plan, already too late and too late, is yet to be validated, Which does not affect the continent as well. apart from, 6.2% increase over British minimum wage over French minimum wage, And The collapse of immigration across the channel Will support the needs of the economy. The pound, which protects the country’s economy, has been depreciating since 2016.

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If so The success of the British vaccine strategy Was the next two years just the prelude to the same financial success? Away The post-Brexit collapse that some had predicted, Everything seems to be right, so British economic performance is higher than its former counterparts, contrary to the policy of a financial parasite, Between massive public investment and a revaluation of the status of popular classes.

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