Bloomberg shares how Britain pays for overconfidence with Brexit

British Prime Minister Boris Johnson argued that after leaving the European Union, the kingdom will regain its former influence on the world stage, but the reality turned out to be brutal.

Bloomberg shares how Britain pays for overconfidence with Brexit

Writes about this agency “Bloomberg”.

As noted in the media, the situation is exactly the opposite. Instead of strengthening its position, Britain is rapidly losing influence, it is economically vulnerable. This was largely due to the position of the British government, exaggerating the kingdom’s capabilities. The era of the coronavirus has only confirmed this.

“The UK suffers from a disproportionately high death rate from the virus and is facing its deepest recession in at least a century,” Bloomberg writes.

While London has indeed grown more assertive in its foreign policy positions over the past six months, the reality is that for other players, Britain is just another country.

As an example, the agency cites India, where they are quite positive about strengthening cooperation with Britain. This is because India is skeptical about the EU’s “bureaucratic and protectionist” stance. However, New Delhi sees its own superiority over London, and not vice versa.

Swapan Dasgupta, a spokesman for the ruling Indian party, said the government expects to gain access to British expertise in areas such as technology and finance, to combine British research with Indian manufacturing skills.

“Britain will be weak and vulnerable in many ways,” Dasgupta said. “Their vulnerability after Brexit is precisely why India has the opportunity to strengthen ties with the UK. Especially because of the concerns about China. “

Bloomberg also draws attention to the “most durable alliance”, referring to the cooperation of Britain with the United States. True, although Washington regularly talks about the importance of “special” bilateral relations, this does not prevent the American administration from threatening London if it interferes with US interests.