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Britain doesn't need EU trade deal to enjoy huge European sales
EUROPE needs Britain more than Britain needs Europe in trade because EU countries sell twice as much to the UK as the UK sells back, according to the pro-Brexit founder of the JD Wetherspoon Plc, the public house chain.
Thus, the trading bloc isn't as important to the UK as the UK is for the EU, said Wetherspoon chairman Tim Martin in a Bloomberg TV interview after a glowing report.
Mr Martin said economists such as Paul Johnson at the Institute for Fiscal Studies, who made dire predictions about Brexit's impact on Britain's fiscal health have suffered a number of counter indications.
Goldman Sachs and Morgan Stanley have revised earlier downbeat predictions after recent economic data pointed to a recovery.
Mr Martins remarks came after the Czech EU affairs minister Tomas Prouza complained of British ministers thinking they could escape EU rule and still enjoy free trade.
Mr Prouza said that if Britain wished to have access to the European free market it would have to grant access to foreign workers, pay EU taxes and submit to its authority.
British Prime Minister Theresa May has refused to declare whether she'll push for access to the single market. She's also given few signals on when she'll trigger the start of Brexit talks, fuelling complaints from other EU members that stalling may harm the bloc's other 27 members.
Thus, the trading bloc isn't as important to the UK as the UK is for the EU, said Wetherspoon chairman Tim Martin in a Bloomberg TV interview after a glowing report.
Mr Martin said economists such as Paul Johnson at the Institute for Fiscal Studies, who made dire predictions about Brexit's impact on Britain's fiscal health have suffered a number of counter indications.
Goldman Sachs and Morgan Stanley have revised earlier downbeat predictions after recent economic data pointed to a recovery.
Mr Martins remarks came after the Czech EU affairs minister Tomas Prouza complained of British ministers thinking they could escape EU rule and still enjoy free trade.
Mr Prouza said that if Britain wished to have access to the European free market it would have to grant access to foreign workers, pay EU taxes and submit to its authority.
British Prime Minister Theresa May has refused to declare whether she'll push for access to the single market. She's also given few signals on when she'll trigger the start of Brexit talks, fuelling complaints from other EU members that stalling may harm the bloc's other 27 members.
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