Brexit and Asia: why treasurers need to hold a ‘no deal’ position
For the UK, it was hailed as an historic triumph, reaching an 11th hour agreement after years of hard negotiating. For Asia’s treasurers, however, ‘no deal’ is still the only deal.
As a bellwether of economic direction, some economists see no better indicator than shipping. And if the recent cost of shipping between the UK and Asia is any guide, a post-Brexit UK has already pivoted to the region.
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