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Jesus I despise Brexit.
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thesweetcheat
thesweetcheat
6052 posts

Re: A Point of View
Jul 23, 2018, 17:56
Just one point, regarding the trade figure of 90% you quote.

The latest (July 2018) report from the Office of National Statistics:

"The UK imported 55% of its goods from EU countries, but exported 51% of its goods to countries outside EU in the 12-months to May 2018

When looking at UK goods imports, 55% came from EU countries, while 51% of UK goods exports were to countries outside of the EU in the 12 months to May 2018. The EU and non-EU split for imports of goods remained the same as the previous 12 months to May 2017, although the amount the UK exports to countries outside of the EU fell slightly, from 52% in the 12 months to May 2017 to 51% in the 12 months to May 2018."

So the percentages are nearer 50/50.

Here's the government's latest figures by value:

"EU, taken as a whole is the UK’s largest trading partner. In 2017, UK exports to the EU were £274 billion (45% of all UK exports). "

When you look at the regions, the Northeast is the biggest exporter to the EU. 59% of the NE's exports go to the EU ( the NE also gets 60% of its imported goods from the EU. The Southwest is lower at 46% export and 44% import.

Also, the amount we export to both EU and non-EU countries is falling, but the amount we export to non-EU countries is falling more. According to the ONS:

"The largest contributor to the £2.0 billion decline in exports to non-EU countries was a £1.6 billion decline in exports of machinery and transport equipment, most of which is due to falling exports of cars."
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