Nissan Deal Raises Questions on Trade, Says Lockhart
The U.K. economy performed better than anyone expected since the vote to leave the European Union and, as a bonus, Nissan affirmed its commitment to the U.K. with a decision to build two new car models at its plant in Sunderland. Both give those who championed a split fresh reason to cheer and helped to counter the pre-referendum warnings from the Treasury and most economists that choosing Brexit would cast the economy into recession and repel foreign investment. The question now for the economy, and those charged with leading it through the messy divorce from the EU, is whether that resilience endures or soon crumbles. Sidley Austin Partner Nicolas Lockhart and London School of Economics Fellow John Ryan discuss implications of Brexit on trade with Mark Barton on "Brexit: What's Next?"