Saturday 10 December 2016

Loss of UK markets after Brexit will hurt EU exporters

Published 28/07/2016 | 02:30

New British PM Theresa May is in no hurry to trigger Brexit negotiations. Photo: AFP/Getty
New British PM Theresa May is in no hurry to trigger Brexit negotiations. Photo: AFP/Getty

Most of the commentators about Brexit have concentrated on the damage it may do to the UK. Little comment has been made about the damage that the loss of the UK markets will inflict on the EU.

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We should remember the classic political sitcom 'Yes, Minister', and wily civil servant Sir Humphrey's lecture to the minister: "We have tried to have a disunited Europe for the last 500 years from the outside; now that we are in we will make a pig's breakfast of the whole thing."

New British Prime Minister Theresa May is in no hurry to start the ball rolling. I bet, as Sir Humphrey also said, that, "The Foreign Office will be terribly pleased, it will be just like old times."

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