The EU Single Market stopped being an asset for UK goods exporters a decade ago. Today, UK exports of goods to EU have stalled, imports are surging, and services don’t cover the deficit. The UK's global trade is far healthier — and for good reason.
UK goods exports to EU stalled in 2008
Exports to countries outside the EU are growing quickly
The £85 billion deficit in goods trade with EU worsens by £10 bn every year
The US does a better trade with EU than UK — and th...
The Single Market is supposed to attract investment, turning UK into a springboard for exports to Europe. One glance at the UK vehicle industry shows the reverse. Today, EU supplies 85% of your accelerating vehicles imports, while exports to EU are stationary.
In 2015, the UK trade deficit in vehicles with EU hit a record £28.5 billion
Today, your three top-selling cars are imported from EU
UK motor vehicle exports outside the EU have grown 12% per year since 1998
Brexiteers are reviving classical liberalism in UK. Their views on regulation, trade, markets and foreign policy are identical to nineteenth century liberals. As a political group, they deserve to survive the referendum.
Over-regulation was also a prime target for 19th century liberals
Pre-war Liberal Party believed global free trade offered UK best prospects
Liberals hated high tariffs and rigged markets, because they cost workers money
Your financial services are anti-Brexit but their EU exports don’t pay for your EU trade deficit. UK services are more successful exporting outside EU, with creative and IT services growing fastest. Their safest course lies outside the emerging Single Market in services.
Service industries export 55% more to countries outside EU than inside
Finance brings an EU surplus of £10 bilion per year: just 12% of your deficit in goods
Worried that the UK will struggle to trade outside the EU? Take a look at Australia and New Zealand. We negotiate our own trade deals with huge economies like China. The result: our trade grows faster than yours.
New Zealand negotiated its own 2008 deal with China. Exports doubled
UK relies on EU for it's China trade. You have a £19 billion deficit
Australia’s deals with China, Japan & US generate an overall surplus
Relying on EU to negotiate UK trade gives you poor...
America has a vested interest. Wanting UK to take part in European integration has been US policy since World War II. For Washington, it’s the best guarantor of a stable Europe that is on-side with US policy. But you bear the cost; America gets the benefit.
Brexit would make Washington’s European policy more complex, not yours
UK runs a £34 billion surplus in trade in goods & services with US: you don’t need a new trade deal
No Australian PM would tolerate a US leader say...