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