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Who’s afraid of the WTO?

A no deal Brexit outcome would provide more freedom than we have currently

By Ruth Lea   October 2018

Arch-Leavers Jacob Rees-Mogg and Bernard Jenkin. Photo: Stefan Rousseau/PA Wire/PA Images

The global economy has changed almost beyond recognition in recent decades and I have little doubt that the transformation will continue. According to the International Monetary Fund, the 28 countries currently part of the European Union accounted for 34 per cent of world output in 1980, but this had fallen to less than 22 per cent by 2017 and will almost certainly continue falling.

Europe’s dwindling share of global trade has come to be mirrored in the pattern…

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