All of a sudden, the UK received a shot in the arm on Thursday as the Office for National Statistics (ONS) reported that Britain was the best performing economy of the G7 countries in 2016 despite the fact they voted last June to leave the Eurozone.
In fact, this report is providing the Prime Minister of England added incentive as she comes to Washington to negotiate with the new President on trade and strengthening long-standing ties.
The bureaucracy that is the European Commission has proven to be a detriment to economic growth, and has stifled the region’s productivity through onerous regulations, and a failed policy of economic sanctions against one of their biggest customers. And in just six months time since leaving the EU, the UK has seen a boost to their economy by being able to form bi-lateral trade partnerships that would have been impossible under EU rules.
As Prime Minister May prepares to meet with President Donald Trump tomorrow for the first time since his inauguration a week ago, both offices appear to be going into this meeting with fresh perspectives, and high expectations. And the fact that each of their new administrations have chosen to ditch their former policies of globalist, or corporatist free trade, they now have at their disposal different models in which they can use that have been tested successfully by both Russia and China.
This is long but important: Theresa May says it’s time to engage with Putin and calls for cooperation with Russia rather than conflict. pic.twitter.com/6rOqpX9LXQ
— Jim Waterson (@jimwaterson) January 26, 2017
For the United States and the United Kingdom, their changes in both leadership and sovereignty provide each with a clean slate in which to chart a new future course for their respective nations. And if this comes in the form of new trade agreements, geo-political pacts, and continuing progress in the ‘draining of each other’s swamps’, it will probably not be long before other Western countries like Italy, France, and Greece rush to follow in their footsteps, and seek their own determination without the authority and control from tyrannical bureaucracies.