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| UPDATED: 16:24, Sun, Mar 14, 2021
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Earlier this week, Professor David Blake urged Boris Johnson to hit back against the EU by imposing penalties on its goods of up to £90billion. His comments, made to this website, came after he claimed the euro is “undervalued against sterling on what economists call a purchasing power parity (PPP) basis by up to 20 percent”.
“It exploited every weakness we had to its advantage. For example, we had to trade off fishing for energy security, such is our dependence on electricity from the EU.
“It is time for the government to wake up and ensure that we have sufficient manufacturing capabilities to give us sufficient defence and energy security and resilience in the future.
“It also needs to introduce measures to counteract the structural undervaluation of the euro which has done so much damage to British manufacturing capability over the last 20 years.”
EU chief negotiator Michel Barnier and European Commission President Ursula von der Leyen (Image: GETTY)