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Does “Empire 2.0” make economic sense?

On Tuesday, the PM said that Britain should "strike trade deals with old friends." But Commonwealth countries are either far away, relatively poor—or both

By Paul Wallace  

Placards extolling the virtues of remaining in the EU lie discarded ©Jonathan Brady/PA Wire/PA Images

Theresa May got her way this week as MPs overwhelmingly endorsed her decision to call a snap election. When making that surprise announcement after the Easter break the prime minister said the early poll was needed to strengthen her hand in negotiating a Brexit that will include the freedom “to strike trade deals with old friends and new partners all around the world.” That strategy has been dubbed Empire 2.0 in Whitehall, an irony always likely to get…

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