-:Undertaker:-
10-02-2016, 01:25 PM
http://www.dailymail.co.uk/news/article-3439693/Britain-s-trade-EU-slumps-Major-boost-Leave-campaign-exports-outside-Europe-continue-soar.html
Britain's trade to EU slumps: Major boost for the 'Leave' campaign as our exports outside Europe continue to soar
- Figures show UK bought more from other countries than they did from us
- The gap between the the trading has soared to an all time high of £89billion
- UK propped up EU economies by buying French Wine and Italian clothes
- Eurosceptics said it showed Europe needs UK more than UK needs Europe
https://d3sex9wb5bzca9.cloudfront.net/images/uploads/the-facts/know_global_trade_cartoon.jpg
Britain's economy has become less reliant on the crisis-hit EU than ever as exports to Europe continue to collapse. In a sign that the UK could prosper if it quit Brussels, sales to EU countries lagged behind exports to the rest of the world in 2015 for the second year in a row. Official figures also showed that Britain bought far more from EU countries than they bought from us – with the gap at an all-time high of £89billion. Britons propped up struggling EU economies by buying French wine, German cars, Spanish vegetables and Italian clothes.
Eurosceptics said it showed Europe needs Britain more than Britain needs Europe, claiming the UK would be better off if voters opted to quit. Tory MP John Redwood said that EU nations would be happy to strike trade deals following a so-called Brexit, adding: 'They are not going to want to impose barriers on trade. Trade with Britain is so profitable.' The news undermines claims by Europhiles that a Brexit would be disastrous for our firms. US banks Goldman Sachs and Citi had warned last week that leaving would wreak havoc with the UK economy.
The gap between EU and non-EU exports widened from £1.7billion in 2014 to £17billion last year and underlined the shift in British trade to faster growing regions of the world. The EU accounted for 62 per cent of British exports in 2006, compared with just 47 per cent last year.
David Cameron has urged UK business leaders to join the campaign for Britain to stay in the EU in the hope that they can convince voters of the economic benefits. But yesterday's trade figures, from the Office for National Statistics, undermined claims that quitting the EU would be disastrous for the economy. The ONS said sales of British goods to the EU fell 8 per cent to a six-year low of just £134billion in 2015 – £31billion less than in 2011 when the eurozone debt crisis plunged the region into recession.
By contrast, exports to non-EU countries edged up more than 2 per cent to £151billion last year, meaning they accounted for 53 per cent of overseas sales by British companies. It was the biggest share of exports that the rest of the world has accounted for since comparable records began in 1998.
Our trade with the EU now accounts for less than half and that is only going to continue as our real friends in the world, the Commonwealth: India, Malaya, Australia, Canada, New Zealand, South Africa, Singapore, Hong Kong, Tanzania, Botswana and so on - continue to grow massively.
Imagine Britain being able to sign a Free Trade Agreement with the likes of China, as tiny non-EU Switzerland just has done?
Britain's trade to EU slumps: Major boost for the 'Leave' campaign as our exports outside Europe continue to soar
- Figures show UK bought more from other countries than they did from us
- The gap between the the trading has soared to an all time high of £89billion
- UK propped up EU economies by buying French Wine and Italian clothes
- Eurosceptics said it showed Europe needs UK more than UK needs Europe
https://d3sex9wb5bzca9.cloudfront.net/images/uploads/the-facts/know_global_trade_cartoon.jpg
Britain's economy has become less reliant on the crisis-hit EU than ever as exports to Europe continue to collapse. In a sign that the UK could prosper if it quit Brussels, sales to EU countries lagged behind exports to the rest of the world in 2015 for the second year in a row. Official figures also showed that Britain bought far more from EU countries than they bought from us – with the gap at an all-time high of £89billion. Britons propped up struggling EU economies by buying French wine, German cars, Spanish vegetables and Italian clothes.
Eurosceptics said it showed Europe needs Britain more than Britain needs Europe, claiming the UK would be better off if voters opted to quit. Tory MP John Redwood said that EU nations would be happy to strike trade deals following a so-called Brexit, adding: 'They are not going to want to impose barriers on trade. Trade with Britain is so profitable.' The news undermines claims by Europhiles that a Brexit would be disastrous for our firms. US banks Goldman Sachs and Citi had warned last week that leaving would wreak havoc with the UK economy.
The gap between EU and non-EU exports widened from £1.7billion in 2014 to £17billion last year and underlined the shift in British trade to faster growing regions of the world. The EU accounted for 62 per cent of British exports in 2006, compared with just 47 per cent last year.
David Cameron has urged UK business leaders to join the campaign for Britain to stay in the EU in the hope that they can convince voters of the economic benefits. But yesterday's trade figures, from the Office for National Statistics, undermined claims that quitting the EU would be disastrous for the economy. The ONS said sales of British goods to the EU fell 8 per cent to a six-year low of just £134billion in 2015 – £31billion less than in 2011 when the eurozone debt crisis plunged the region into recession.
By contrast, exports to non-EU countries edged up more than 2 per cent to £151billion last year, meaning they accounted for 53 per cent of overseas sales by British companies. It was the biggest share of exports that the rest of the world has accounted for since comparable records began in 1998.
Our trade with the EU now accounts for less than half and that is only going to continue as our real friends in the world, the Commonwealth: India, Malaya, Australia, Canada, New Zealand, South Africa, Singapore, Hong Kong, Tanzania, Botswana and so on - continue to grow massively.
Imagine Britain being able to sign a Free Trade Agreement with the likes of China, as tiny non-EU Switzerland just has done?