The UK left the EU at the end of 2020, and according to the latest figures from the Office for National Statistics, Brexit has already led to a significant slump in trade between the EU and the UK... / Brexit supporters endorsed the idea of CANZUK – an alliance between the UK, Canada, Australia and New Zealand.

Otto English dissects the disadvantages that a free trade agreement between the two countries would bring to the UK.

The press is fascinated by a gimmicky idea also involving Britain, Australia, and New Zealand.

So is there a business case for CANZUK as a primary relationship for any of these four countries? Let’s look at where our potential partners currently sell goods and services.

World View: Suggestion that likes of US, Australia offer alternative to EU is fantasy. / If the success of a political idea turns on its power to instil hope or optimism in its adherents, then, in its early years, Brexit was a colossal failure.

Having cut Britain adrift of Europe, Brexiters are indulging in an old fantasy about a new national role in the world—as the hub of a far-flung Anglosphere.