hit tracker
Friday, March 29, 2024
HomeLatest NewsWP Zakaria Journalist: Post-Brexit Britain Has Become An Island Nation With No...

WP Zakaria Journalist: Post-Brexit Britain Has Become An Island Nation With No Political Weight KXan 36 Daily News

Date: March 29, 2024 Time: 19:26:56

This week marked the third anniversary of Brexit, and coincided with the “bleak verdict” of the International Monetary Fund: this year the British economy will perform worse than all the major economies in the world, including Russia, writes the author of the article.

On virtually every metric, from business investment to exports and employment levels, the UK lags behind the competition. According to Bloomberg Economics, British GDP would be 4% higher if the state remained in the EU.

The UK had a powerful voice in the EU as one of its three largest economies, also enjoying special status thanks to its UN veto power, close relationship with Washington and “impressive military strength”.

But over the past decade, defense spending has stagnated, while funding for the diplomatic service and foreign aid have declined in real terms. “Even Washington has little time for a country that is not part of the EU. As journalist Neil Asherson once feared, the UK has become Little England,” Zakaria said.

According to the author, to regain its weight, the UK must first return to the EU.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
RELATED ARTICLES

Most Popular

Recent Comments