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The Economist
10 Apr 2025

Britain | John Bull
Britain is unusually well shielded from a tariff shock
Credit good luck more than diplomatic ingenuity
Each of the past few decades’ big shocks has battered Britain harder than many of its peers. The crash of 2008 pummelled its finance-heavy economy. Then, in 2020-21, came the one-two punch of Brexit and the pandemic. Most recently, spiking European gas prices in 2022 squeezed Britain’s gas-reliant grid especially hard.
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