Key Brexit legacy issues may come to head for Truss
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BORIS Johnson declared last month (July) in his Conservative Party leadership resignation speech that he got “Brexit done”, yet he leaves his successor with a significant number of challenges to face into this Autumn and beyond with the European Union.
Recent lines of trucks and holidaymakers at UK ports remind that many of the ramifications of leaving the EU, suppressed by the pandemic, are beginning to be more strongly felt by voters and businesses. This includes new trade barriers caused by leaving the bloc which have hurt importers and exporters and, despite a sharp fall in the pound since the 2016 vote, there is little to suggest businesses have benefited from increased competitiveness.
Indeed, the UK economy has lagged the trade performance of other big nations before the pandemic, and failed to fully share in the global trade rebound since. Since 2016, UK GDP per capita has grown some 3.8 per cent since the referendum, while the counterpart figure for the EU is 8.5 per cent.
