Non-Resident Senior Research Fellow & former Chief Economist @UNUWIDER 🇺🇳Professor @uni_copenhagen
@DERG_DK #DERGDK. My views, do try them for fit.
Jul 14, 2018 • 5 tweets • 4 min read
On UK trade arrangements after Brexit, we need more clarity from the Govt. on SERVICES, in which UK is leader (both financial & non-financial services). Chequers plan focuses on goods #R4Today@MishalHusainBBC 1/5
EU accounts for more than 35% of UK's services exports (> share exported to US). This vastly exceeds the shares of the smaller economies (Oz etc.) with which UK is seeking post-Brexit trade deals #R4Today 2/5
Jul 6, 2018 • 8 tweets • 6 min read
Services: 80% of UK economy (architecture, management consulting, legal, creative etc) & big services surplus UK runs with RoW & EU. So why does Govt want to damage economy in #Brexit plan being discussed by cabinet today (focusing on goods only?) ft.com/content/2ce78f… via @FT
And anyway services get bundled in today's global value chains for high-value high-tech goods (c. Aircraft engines & their maintenance) which is what UK government is supposed to be promoting via its (mysterious) industrial policy announced back in 2016.
Jun 23, 2018 • 5 tweets • 5 min read
Two years on from #Brexit referendum vote, UK growth has slumped. Lowest of any G7 country. Lower than Eurozone. Likely to fall further (c. Airbus). But hey, no worries, it's all #ProjectFear say the #Brexiteers (graphic @WSJ)
Still, young Brits can always pick fruit - rather than look forward to careers in high-tech industries like Airbus. Well done #Brexiteers (but hey, no worries it's all #ProjectFear isn't it?)
May 2, 2018 • 6 tweets • 5 min read
The Brexiteers are correct: if UK doesn't leave the customs union - enabling it to make its own trade deals - then there is no real #Brexit
(Trouble is: leaving CU will damage UK prosperity, jobs & Ireland. Is this the "will of the people"?).