Even in a digital age, trading services often requires people to move too, says Sam Lowe The internet makes the world feel smaller. Gone are the days when sending documents overseas took months, or paying for a 20-minute call to a supplier in the Philippines required taking out a second mortgage. Yet services trade is still constrained by geography – a 10% increase in distance between countries tends to reduce services …
Continue readingBrexiteers’ delusion of regulatory independence
By Sam Lowe Far from reclaiming its independence, post-Brexit Britain will have to choose between remaining within the EU’s regulatory ambit or performing a transatlantic pivot towards the US. Either way, it will be a rule-taker, not a rule-maker Brexit-induced dreams of independence have poisoned Britain’s political discourse. Scarcely a day goes by without a new rallying cry plastered across a tabloid front page: We will break free of the …
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