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It's a large market for both sides, but Brexit will hurt one much more than the other. The UK exports ~50% of its goods and services to the EU. The EU exports
by Androider 8y ago
It's a large market for both sides, but Brexit will hurt one much more than the other.
The UK exports ~50% of its goods and services to the EU. The EU exports 8% of it's good and services to the UK. The latter is in absolute terms the larger amount of goods and services, but the former is just a massive portion of total trade to have to suddenly replace or re-negotiate.
Think about it this way: SMB company A has to suddenly replace 50% of its customer base. Enterprise company B has to suddenly replace 8% of it's customers. I know which one I'd rather be!