Brexit Means: Leaving Single Market, Customs Union European Court of Justice
So they got that number by adding together the exports as a proportion of GDP and Imports as a proportion of GDP. I mentioned something like this on the French election thread. Adding together import and exports like that doesn't tell you much, and you'd only do it if you were trying to make trade look bigger.
The thing is that if you set that against every other country in the European Union, then the UK would be in the bottom six, only kept off the bottom by the tendency of English people to buy imported consumer goods on credit. If the UK is delighted about having 60% there, then what about Germany which is at 86% or Denmark which is at 100%, or Lithuania which is at 155% or Ireland, thanks to a big healthy dose of contract manufacturing is at 210%.
It would seem that leaving the EU in pursuit of trading opportunities, having been among the worst performing countries in the EU in terms of exports, would seem to be a foolish and dangerous path to take.
Tubby Isaacs wrote:
The Brexit Department tweeted this out. It seems to show trade picking up in the mid 70s and early 90s.
Obviously the EU and the Single Market must be bad.
The Brexit Department tweeted this out. It seems to show trade picking up in the mid 70s and early 90s.
Obviously the EU and the Single Market must be bad.
The thing is that if you set that against every other country in the European Union, then the UK would be in the bottom six, only kept off the bottom by the tendency of English people to buy imported consumer goods on credit. If the UK is delighted about having 60% there, then what about Germany which is at 86% or Denmark which is at 100%, or Lithuania which is at 155% or Ireland, thanks to a big healthy dose of contract manufacturing is at 210%.
It would seem that leaving the EU in pursuit of trading opportunities, having been among the worst performing countries in the EU in terms of exports, would seem to be a foolish and dangerous path to take.
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