Trade

UK to become economic competitor after Brexit, Merkel warns

The U.K. will become “an economic competitor on our own doorstep” after Brexit, Angela Merkel said Wednesday, while stressing that she believes a no-deal exit could still be avoided.

The German chancellors warning during a parliamentary debate comes after several EU countries last week expressed concern that the U.K. could try to boost its economic advantage post Brexit by pursuing a strong deregulation push. France and other countries said they want to impose tariffs on Britain if the country weakens “its commitments to fair competition.”

“After the withdrawal of Britain, we will have an economic competitor at our own doorstep, even if we want to keep close economic, foreign and security cooperation and friendly relRead More – Source

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