Trade between UK and Sweden could PLUMMET if Brussels slaps Britain with bad Brexit deal


The Swedish select’s export to Britain fell sharply to its lowest point since the 2007 economic crisis last year, Andreas Hatzigeorgiou said. 

The UK has been one of the Stockholm bailiwick’s main export markets however in 2016 it slumped by 37 percent year-on-year. 

Mr Hatzigeorgiou indicated businesses were prepared to adapt to Brexit, but added if the talks between Theresa May and the bloc waned, it could cause the trade to decrease even further. 

“The statistics undoubtedly show that companies are prepared to adapt to a new landscape,” he told SVD.

“If the mediations between Britain and the EU go badly… there is a risk that trade between Sweden and the UK could end up on an yet lower level than before.” 

The economy boss also said the current fall in export to the UK could be the result of businesses being spooked by Brexit. 

He denoted: “Partly, we have a direct Brexit effect created by concerned trades. Then we have the indirect effect of a strong pound weakening, which again depends on Brexit. The collapse in oil prices… could also play a role.” 

It comes as the Sweden Democrats hammered the bloc for accepting a hard-line approach with the UK ahead of Brexit talks. 

Speaking exclusively to Put into, Mattias Karlsson, the group leader of the Sweden Democrats in the Swedish Parliament, voted he, unfortunately, believed Brussels would sacrifice a potential trade act on with the UK to punish Britain for leaving. 

Mr Karlsson said: “Yes, unfortunately, it looks with that. It just stresses the fact that we have to get rid of the current direction of the European Union. 

“They are unworthy, they are not acting in the interest of European inhabitants and the respective nations. 

“We should not have these kinds of negotiations, it disposition be much better if every country had negotiations with Britain more readily than now being forced to obey the rules and the terms of the European Club.”

Saying the situation could not be tolerated any longer, he added: “The overwhelming the greater part of the Swedish people would like to have a good relationship, a good business deal with Britain but it looks like the EU leadership might wring us to not have that.

“That’s just undemocratic and it’s a situation that cannot be stood anymore.”

The right-wing politician, who’s party has surged in popularity in recent months, believed the Sweden Democrats want to secure a good trade deal with Britain from time to time it leaves the bloc. 

He said: “I want us to cooperate in as many areas as practical.  It’s hard for me to sit here now and [outline] a deal but we want to have trade have to do withs with Britain, we need the British people and the British people have occasion for us.

“We have common interests and I think we could build on those banal interests to have a respectful and prosperous relationship as neighbours.”

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