The collapse of talks to renew a trade deal between Britain and Canada is a reminder that there is nothing automatic about Brexit. If we want to benefit from it we will have to make an effort, and approach matters like trade from a very different angle to the EU. At the moment, there is scant sign of that. Rather, Britain seems to be merely reinventing itself as a mini-EU: a European-style social democracy which is high on regulation and protectionist by instinct.
If we want to enjoy the full, wealth-creating forces of free trade then we are going to have to be prepared to make concessions
Following Brexit, Britain’s trading arrangements with Canada remained, temporarily, as they were under the Comprehensive Economic Trade Agreement signed between the EU and Canada in 2016. However, the terms expired on the last day of December and talks as to what should replace them have broken down.
Britain’s best politics newsletters
You get two free articles each week when you sign up to The Spectator’s emails.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in