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It's not trading less with the EU. This is a myth. Trade ratios between EU and RoW haven't shifted after Brexit. British GDP is lower now because of lockdowns.
by nvm0n2 3y ago
It's not trading less with the EU. This is a myth. Trade ratios between EU and RoW haven't shifted after Brexit.
British GDP is lower now because of lockdowns. Brexit itself appears to have made no difference. The governments own trade statistics show this clearly.
- scott_w 3y agoYou’re completely incorrect. Trade by volume is massively down between the UK/EU. Trade by value is similar because of the effects of inflation. Once you adjust for that, you see a huge drop.
- nvm0n2 3y agoYes, but not proportionally so. Trade is down because of the damage of lockdowns. If it were due to Brexit you'd see trade with the EU fall more than trade with the rest of the world. We don't see that. The ratio of trade with EU vs everywhere else hasn't moved.
- scott_w 3y ago> Yes, but not proportionally so. Also completely incorrect. See the British Chambers of Commerce from April 2023: https://www.britishchambers.org.uk/news/2023/06/uptick-in-exports-but-trade-with-the-eu-remains-weak/ https://www.britishchambers.org.uk/news/2023/06/uptick-in-ex...