Cazenove's Jeffrey: Underneath the bonnet of Brexit Britain

At one level, trade and the exploitation of comparative advantage enhance global growth and wealth; however, at another level, trade also exposes weaknesses in economic architecture, both in the international framework and in a more local context. Improving growth through creating a level playing field for trade flows within the free trade area has been and remains a core objective of the European Union. However, the EU has always had a slightly schizophrenic attitude towards free trade, in that it often behaves in a highly protectionist fashion with countries outside the area.  Th...