Yesterday, Liz Truss sealed a trade deal with the economic Colossus that is Albania. What used to be the North Korea of Europe. I imagine we'll be anle to export several bags of potatoes there every year.
It is good news, but not that good. I think this is something like the 64th such deal, most of which are rollovers from what we had as an EU member state, no worse, but no better.
We had 188 at an EU member state, so so far we have lost 124 trade deals. And the biggest one is the trade deal with our richest, closest neighbours in the EU which is on much, much worse terms than it was.
Only the Observer today comments on the front page about the loss of trade with the EU: 68% down on December levels, with most trucks returning to the EU empty as exporters still can't comlete paperwork or deem it not worth it. The hauliers trade body said they warned Ministers, but were ignored.
More useful idiots.
And the really bad news is that in July things will get worse when more checks are phased in.
Deep, deep joy.
And with the DUp and ERG pushing for the NI Protocol to be scrapped, a reminder that the EU has not yet ratified the TCA, and so it can be closed down without notice until then.
Exports are 64% down on previous flows, and the global average on downturn from COVID is 16%. Brexit accounts for the difference.
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