After recent declarations by Theresa May and David Davis, the UK’s conservative government seems to be convinced that a “hard” Brexit is the best option for the country. Discussions with the EU over the UK’s participation in the single market seem to have been halted and the Norwegian European model rejected. This is terrible news for UK trade and especially for the services sector which is the UK’s most important trading sector, with a trade surplus equating to 5% of the national income (about $138 billion).
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