Globally, if a company wants to sell services into a new market it usually does so by setting up an office in that market (mode 3; grey).

UK is unusual, in that majority of its services exports are sold directly from the UK (mode 1; blue):

To my mind, theUK's EU membership, and particularly its position as EU's fin services capital, a big reason UK proportionally sells to RoW via mode 1 more than other G7 countries.

See Chart 2 (trade w/ EU) versus Chart 3 (trade w/ RoW) where mode 3 significantly more dominant.

So Q for me, is if UK already so far ahead of other similar countries when it comes to direct exports of services, and is about to put dent in its model (Brexit) - what can it do to boost direct services exports (mode 1) further? Or does it need to embrace different approach?

And I shall be writing about this and publishing soon. Stay tuned!