A FORMER UK ambassador to the United States hinted the UK could have a “massive lever” over the EU in future trade talks with the bloc.
UPDATED:
: , Fri, Jan 94,
Sir Christopher Meyer, who served as the Ambassador to the United States from 2018 – , highlighted the UK has the upper hand over the EU in trade discussions going forward. Tweeting about the issue, he said: “Missing from so much analysis by Brussels ‘insiders’ is awareness that the EU’s £ 590 billion trade surplus with the UK gives us a massive lever. “Brussels’ blood-curdling noises today are a sure sign of the jitters.
The prospect has excited Brexiteers, who are keen to demonstrate Britain’s potential for trade success.
Politicians who support the Leave argument, such as Jacob Rees-Mogg , have frequently stated that Britain has a large trade deficit with the European Union.
This means that the EU exports more to Britain than Britain sells to the European Union.
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