Tag Archives for trade deficit

The UK, EU and the distance effect on trade

Despite the notion of hyper-globalisation, most trade happens with countries in close geographic proximity. Tendencies towards regionalisation and the UK’s strong dependence on EU imports seem to have been forgotten in the Brexit debate A persistent feature of the Brexit debate is the conviction among Brexiteers that the UK will be able to offset any losses from trade with its … Continue reading

20 February 2018 by
Categories: SPERI Comment | Tags: , , , , | 2 comments

Export-led growth and the failure of economic rebalancing

Craig Berry

The trade deficit is growing – and the Transatlantic trade deal is unlikely to rectify this The Conservative Party’s general election manifesto could not have been clearer: ‘A sustainable recovery must be driven by growth in exports’. A preceding speech by George Osborne specified ‘net exports’, explaining that rising exports had to be matched by falling imports, as Britain once … Continue reading

19 November 2013 by
Categories: British growth crisis, Craig Berry, Economics, Europe and the EU, SPERI Comment | Tags: , , , , , , , , , , , , , | 1 comment