Brexit Not Damaged Uk To Eu Trade

[Gramps82]

https://www.dailymail.co.uk/news/article-12713781/Brexit-NOT-damaged-UK-trade-EU-despite-dire-warnings-Remainers-exports-goods-services-continued-rise-UK-left-single-market-report-argues.html

Perhaps the doom monger remainers should be aware that trade between the EU and UK has not suffered because of Brexit.

[Buenchico]

Hmmm. 

A report from the Institute of Economic Affairs, which isn't exactly noted for its political independence nor for its independence from big business interests (such as the tobacco, alcohol, gambling and fossil fuel industries) being quoted in the politically-biased Daily Wail.  So nothing to worry about there then, clearly!

The IEA also a body which, for well over a decade, refused to accept the scientific evidence for climate change and which  repeatedly published reports (which just happened to be in the interests of the businesses which fund it) toally denying climate change issues.

Despite its impressive-sounding name, the Institute for Economic Affairs is far from being politically neutral.  For some meaningful  facts and figures, see the website of the Office for Budget Responsibility (which, despite being a Government body, is committed to neutrality within its reports):
https://obr.uk/cross_cutting/brexit-and-the-eu/

[bazwillrun]

Fear not, the two trolls will soon be on to disprove that with their usual irefutable arguemnts of facts and logic....

[Zacs-Master]

'Between 1999 and 2007, the EU accounted for 50-55% of UK exports. By 2022, this figure had fallen to 42%'

https://commonslibrary.parliament.uk/research-briefings/cbp-7851/#:~:text=The%20UK%20had%20a%20trade,exceeded%202019%20levels%20in%202022.
 

 

[New Judge]

Between 1999 and 2007, the EU accounted for 50-55% of UK exports. By 2022, this figure had fallen to 42%'

Indeed. But in fact it fell from a high of 54% in 2006 to a low of 42% in 2015 - a year before the referenedum. It recovered slightly to 44% before the pandemic, but has now reduced back to about 42%.

The percentage of UK exports going to the EU had been falling steadlily long before Brexit and it is disingenuous to blame the reduction on the UK's departure. 

https://www.statista.com/statistics/551209/united-kingdom-uk-exports-eu-european-union-share/

 

[retrocop]

//Fear not, the two trolls will soon be on to disprove that with their usual irefutable arguemnts of facts and logic....///

 

Not forgetting their numpty mate Phil. They don't speak for themselves I notice.

[youngmafbog]

still too early to sayt one way or another but signs are that is certainly wont do as bad a project fear spouted.

Of course, in reality one will never know anyway given Covid and the Russia/Ukraine war that hit fuel prices.

 

[Gramps82]

Regrettably there are those who are still willing to talk down any achievement that the UK achieves, and more regrettably they take great delight in doing so.

[Zacs-Master]

Regrettably there are those who are still denying the effects of Brexit and more regrettably they take great delight in doing so.

[youngmafbog]

What nonsence AM, typical left wing if you dont have an answer start attacking their intelligence or education.

[douglas9401]

🤣

[Zacs-Master]

Why don't you come up with some clichés of your own instead of borrowing Toras', YMB?

[youngmafbog]

What are you on abour ZM? thats not TTT's its a plain fact.

You really are an obnoxious person sometimes.

[Hymie]

Strange then, that Brexit is responsible for an £850 Million drop In Beauty Product Exports from the UK to the EU?

 

https://www.theanswerbank.co.uk/News/Question1853324.html

[Gramps82]

An extract from the report which confirms that Brexit has not harmed trade.

"This makes any claims that Brexit has harmed UK trade with the EU look 'absurd', Ms McBride argued.

She added: 'While the data is still emerging and longer-term effects are as-yet unknowable, there has been no real disparity between UK trade with EU and non-EU countries."

[bazwillrun]

^

oh dear, all you can do is regurgitate the same item you cherry picked a few days back...one damn item out of the hundreds of thousands of products and services we must trade with the eureich...and im guessing you got that from "my mate phil" whos got a two bob youtube channel...thought so

[Hymie]

The report was by that well known lefty 5C organisation; Oxford Economics.

https://www.oxfordeconomics.com/about-us/

[bazwillrun]

Stop crying, we are out...grow up and accept reality , why dont you take your silly little friend freom here , find an uninhabited island somewhere and you keep yourselves company talking about Boris and Brexit, you deserve each other...

[gulliver1]

Oh dear, Oh dear, Oh dear.🤣🤣🤣🤣🤣lol ... end of ..OK. PMSL.

[Hymie]

Having looked further at that report from the Institute of Economic Affairs; it states that the increase in exports (from the UK to the EU [2019 – 2022]) increased by 13.4%, but this figure does not take into account inflation.

 

With inflation taken into account, that increase in trade becomes a decrease of 7.2% (as stated in the same report).

 

So we have now reached the point where Brexiteers are celebrating the failings of Brexit as a success.

[New Judge]

With inflation taken into account, that increase in trade becomes a decrease of 7.2% (as stated in the same report).

The authors must have gone to a different school to me (or at least were taught a different version of arithmetic).

Inflation between 2019 and 2022 was 12.8%:

https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

This means that if a company exported £1,000 worth of goods in 2019 the same goods would have a value of £1,128 in 2022. If they exported (by value) 13.4% more they would have exported £1,134 worth of goods, so slightly more than in 2019.

Moving on a little, does the report mention whether, alongside the (alleged) decrease of exports to the EU, there was a concomitant increase in exports to elsewhere? A number of companies, tired of the shenanigans displayed by the EU in furtherance of its protectionist attitude, have sought out new markets outside Europe. Some have even taken to selling more more of their goods within the UK, thus improving the country’s balance of payments.

So we have now reached the point where Brexiteers are celebrating the failings of Brexit as a success.

It’s possible to produce all sorts of data and cite different reports to support whatever argument one is making (see above). You continually mention “exports”, “GDP” and “the economy” almost to the exclusion of everything else. Have you ever thought about the other reasons why it’s not such a good idea to have remained in the EU? Please don’t ask me what they are because they have been pointed out to you many times. But the one undeniable and irrefutable benefit of Brexit is that the UK is no longer a member of the EU. As you may also recall, I’ve stated many times that for me, that is all the thing that I celebrate most of all.