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Comment by fredley | Hacker News Reader

The UK is on the cusp of committing economic suicide, or at least crippling itself for decades. It needs all the friends it can get. I imagine this is a measure to cosy up to the US, in full knowledge that it is an unhinged administration, in the hope of getting a good trade deal out of it once we cease trading as part of the bloc.

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> The UK is on the cusp of committing economic suicide, or at least crippling itself for decades.

No.

Here's why.

The UK can control it's currency and maintain a clear direction. The EU can't do that. The Euro favors some countries.

The UK can have bi-lateral trade deals that is best for her with all countries around the world[1]. The EU can't do that, it has to consider ALL countries best interests within the Block.

The UK can change it's business rates to be more competitive than the EU [2]. The EU can't really do that, lest it risk some states losing money.

In short. The UK is in an excellent position for growth.

[1]: https://www.theguardian.com/business/2017/feb/07/uk-g7-econo...

[2]: http://www.telegraph.co.uk/news/2016/11/21/theresa-may-to-of...

I'm actually rather bullish about the UK. Remember, when the UK had trade deals with countries around the world? We'll have that time again.

Far from economic suicide. Based on the trade deficit [1], I doubt the EU can survive giving the UK a punitive trade deal. This is a great opportunity for the UK [2].

[1] https://fullfact.org/media/uploads/Trade%20deficit%20and%20s...

[2] https://econsnapshot.files.wordpress.com/2014/11/gdp-us-eu17...

You are forgetting about shomething important: balance of trade excludes financials and services, which would probably net out that by a large degree.

The UK is actually ensuring their survival on the long run. And other EU countries will follow, the EU is doomed to fail.

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