The EU website today has no record of the EU/UK Trade Agreement under trade deals. Nor does its site give any indication of how to trade with the UK, left out from a long list of nations they refer to in the Trade section. Do they not want to keep on selling us so much, or are the just unable to update their site for the new realities? Surely they should put up the EU/UK Agreement subject to ratification, as I understand that is what they intend to do. Alternatively if they do not think they will be ratifying it they should put up the WTO terms to alert people to that.
The EU site has however been updated in one important respect. Where it seeks to show the scale and size of the EU in the world they now quote figures for the EU 27 without the UK. It shows the EU currently at a little under 15% of world GDP, with a forecast suggesting this will fall to 9% of the world by 2050. The EU cites estimates That the USA will lose less share than the EU over the next 30 years, whilst India will surge and China will do well.
I did not see any discussion of how the EU might limit its losses in share of world output, or narrow the gap with the USA. The challenge for the UK out of the EU will be shift our performance upwards to US or better levels, by varying our policy mix from the one the EU predicts will leave it declining as an economic force in the world.
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