Why the UK needs to be more like Germany
Posted November 06, 2019 15:06:04 The UK’s economy will suffer the consequences of a Brexit, which will result in a “hard Brexit”, the Chancellor of the Exchequer has said.
Mark Carney said he wanted to ensure the UK would have a strong trading relationship with the EU, but the UK has already become a “highly differentiated” economy, and that was not good enough.
“What we have done is set out a clear and ambitious vision for the UK, and what we are delivering is the UK is now highly differentiated from the rest of the EU,” he told a conference on Britain’s place in the world in London.
“The Brexit is the result of this Brexit.
The result of what we have achieved together is the economic benefits that we all now benefit from.””
The UK has become a highly differentiated, competitive and globalised economy, one of the most innovative in the European Union,” he added.
Carney told the event that Britain’s future would be decided in the Brexit negotiations and that the UK had the “greatest influence” on the outcome.
“We have a duty to act as a great partner to the EU and that is what we will do,” he said.
“It’s clear we will be a great trading partner, we will continue to have a trade relationship with Europe.”
But if the Brexit is not handled well, it will be bad for us, it is bad for the rest to be part of a very highly differentiated economy that is highly differentiated.