Britain’s services exports are booming despite Brexit. Why?
Less dependence on the EU than goods exporters is only part of the answer
FOR SOME Brexiteers, the point of leaving the EU was to shift the country back towards making things. Relinquishing the role of Europe’s financial hub, the argument went, would mean a cheaper exchange rate; that would help the country’s long-dormant manufacturing sector. Many Remainers expected only half of that scenario to materialise: Brexit would indeed kill the golden goose of services trade but would not bring back the factories.
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This article appeared in the Britain section of the print edition under the headline “Pushing paper”
Britain May 13th 2023
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From the May 13th 2023 edition
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