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Berthold Busch IW-Analyse No. 137 28. July 2020 The British Go it Alone in Europe

On 31 January 2020 the United Kingdom formally separated from the European Union. Having abandoned its role as an outsider in (western) European integration to join the then European Economic Community (EEC) in the early 1970s, the country proved to be a difficult member that was ultimately no longer prepared to support the further deepening of European integration.

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The British Go it Alone in Europe
Berthold Busch IW-Analyse No. 137 28. July 2020

The British Go it Alone in Europe

IW-Analyse

German Economic Institute (IW) German Economic Institute (IW)

On 31 January 2020 the United Kingdom formally separated from the European Union. Having abandoned its role as an outsider in (western) European integration to join the then European Economic Community (EEC) in the early 1970s, the country proved to be a difficult member that was ultimately no longer prepared to support the further deepening of European integration.

However, it is worth remembering that the United Kingdom was a forceful advocate of liberalising economic relations in the internal market and enlarging the European Union. Following their departure, the British are now free to negotiate trade agreements with the rest of the world, which they see as a promising route to economic prosperity. Indeed, even before Brexit, British foreign trade was moving away from the EU and towards third countries. Yet continental Europe is still the island nation’s most important trading partner and both sides must therefore seek a meaningful framework for future economic cooperation. The manuscript of this Analysis was completed in early March 2020.

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The British Go it Alone in Europe
Berthold Busch IW-Analyse No. 137 28. July 2020

Berthold Busch: Der britische Sonderweg in Europa

IW-Analyse

German Economic Institute (IW) German Economic Institute (IW)

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Markus Demary / Vera Demary IW-Policy Paper No. 7 2. September 2024

Crypto regulation in the EU

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IW

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Berthold Busch / Björn Kauder / Samina Sultan IW-Report No. 34 12. August 2024

The EU and money: Who pays, who gets?

The German net position fell slightly in 2023 compared to the previous year, from 19.7 billion euros to 17.4 billion euros. However, it is still significantly higher than in the pre-Brexit period.

IW

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