FT states what was obvious before
The UK now realises it is small, too small to interest the US or China in trade deals. It can’t check European goods at customs, fund a satellite system to replace the EU’s Galileo or stop refugee boats. Liz Truss showed that little Britain couldn’t buck the bond market. British universities depend on the EU’s research programme, Horizon. Britain’s shrinking military is effective only in coalition; the UK’s €6.6bn in aid to Ukraine merely tops up US and German funding.