A whimper not a bang – Britain’s immediate economic prospects are grim

Article summary

FOR THE four-and-a-half years since Britain’s referendum on membership of the European Union, firms have been worrying about the impact of Brexit. The queues of lorries at Dover that had been widely predicted failed to materialise. […] Samuel Tombs of Pantheon Macroeconomics, a consultancy, reckons that the impact of the third lockdown will be closer to that of the first than the second. […] Dutch Bike Bits, an online retailer of bicycle parts, has described the new British arrangements as “ludicrous” and halted sales to Britain in December. […] To avoid creating a hard border on the island of Ireland, Britain and the EU agreed that there should be a new internal border in the United Kingdom, between Great Britain and Northern Ireland.

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