Germany & France Fear Unleashed British Economy

Deutsche Bank’s chief economist, David Folkerts-Landau, not only says that over the medium and long-term a ‘No Deal’ Brexit will make no difference to the British economy, he says an inadequate deal which constrained the British economy would be “a second best solution”. Confirming what many in Downing Street believe, namely that even without the back-stop, May’s regulatory-aligned deal would have detrimentally constrained the dynamic British economy. So-called “regulatory alignment” is an EU imposed constraint on unleashing the British economy to outcompete turgid EU rivals. As the leaked French memo on Friday revealed, Paris fears a resurgent, deregulated dynamic British economy…

mdi-timer 2nd September 2019 @ 10:16 am 2nd Sep 2019 @ 10:16 am mdi-comment Comments