Business leaders ‘at their most confident’ since Brexit
The study on trade found that members of the 53-state partnership headed by the Queen tend to trade 20 per cent more and generate 10 per cent extra investment between themselves than with outsiders.
It added that the group of mostly former British Empire nations, which are home to 2.4billion people, traded almost £400billion of goods and services with each other in 2016.
This will nearly double in the next few years, the report claimed. The study said that members of the Commonwealth tend to be less protectionist than other nations and that Brexit presents an opportunity to strengthen ties.
Mrs May has already received a boost from Canadian premier Justin Trudeau who said he would be happy to open talks with Britain ‘the day after’ the country leaves the EU.