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.

'It is hard to predict how full Brexit would play out, because this scale of multiple simultaneous renegotiations of global trade agreements is unprecedented – and no country has ever left the EU. It certainly can’t be assumed that Britain is bound to get quick and good deals because it is a large economy.'

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.

While Boris Johnson, the likely successor to British Prime Minister Theresa May, takes his country down a path of diminished trade, the European Union is negotiating one of the largest free-trade agreements in the world. One really has to wonder what the "buccaneering" Brexiteers have to complain about.

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