Happy Commonwealth Day!

Guido has crunched the numbers and can reveal that since the EU was created in 1992, the size of the combined Commonwealth economy has ballooned by 258%, whereas the EU’s combined economies have grown by just 119%. Added to this, the average EU growth rate today sits at just 1.4%, less than half of that of the Commonwealth’s 3.3%. Happy Commonwealth Day!

The EU has only ever signed a paltry six FTAs with Commonwealth countries, meaning the UK has been held back from fully engaging with Commonwealth powerhouses like India, New Zealand, Nigeria, Australia, or Pakistan. Staying in the EU’s Customs Union would mean our terms of trade with naturally close Commonwealth friends will still be dictated by the EU…

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Quote of the Day

Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”


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