Today’s podcast focuses on the Free Trade Agreement, FTA with Japan, more specifically referred to as the Comprehensive Economic Partnership Agreement, Or CEPA. The UK and Japan are major investors in each other’s economies, ranking fifth and sixth respectively for inward foreign direct investment.
The OECD predicted that globally, immigration will fall 46% this year due to COVID-19 restrictions and economic weakness.
With rising new cases and tighter social distancing restrictions, the strong summer recovery is likely to fade into an uncertain and weak autumn.
The UK economy grew by 2.1% in August. The slower growth leaves UK activity 9.2% below its level in February.
There is, so far as I am aware, little or no precedent for what the UK is attempting to do: seeking to reduce unfettered access to its closest and most important market – which also happens to be one of the world’s two largest. In 2018, 46% of the UK’s exports went to the EU, and 54% of UK imports came from it. Almost all countries in the world try to make trade deals, not dismantle them.