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Post by Vinny on Jul 4, 2023 8:26:43 GMT
£46,789,480,342.1 better off on our exports to the EU over 2015 (inflation adjusted). www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator£38,074,416,040 better off on our exports to the USA over 2016 (inflation adjusted). Our membership of the EU wasn't working and was costing us £9.5 billion a year at the time post rebate, to do less trade than we would outside it. |
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Post by oracle75 on Jul 4, 2023 8:38:15 GMT
You just dont seem to be able to 7nderstand that quoting POUNDS as proof of increase or decrease in trade isnt valid when the VALUE of the pound increases or decreases.
If you want to use currency, you must use dollars, the currency to which the value of any currency is compared by everyone.
This has already been explained.
Being in the EU with its 80 plus trade agreements which the UK still use, allowed the UK to trade as widely as it does now. Whether companies took the opportunity is another question.
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Post by Pacifico on Jul 4, 2023 11:25:17 GMT
You just dont seem to be able to 7nderstand that quoting POUNDS as proof of increase or decrease in trade isnt valid when the VALUE of the pound increases or decreases. If you want to use currency, you must use dollars, the currency to which the value of any currency is compared by everyone.
OK - In 2015 (the last full year before the devaluation) the UK exported £223 Billion to the EU - which was $336 Billion In 2022 the UK exported £340 Billion to the EU - which is the equivalent of $416 Billion. I'm struggling to see the fall? |
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Post by Vinny on Jul 4, 2023 11:48:10 GMT
Average exchange rate for 2015 was £1 = $1.5285 so £223bn = $341 bn.
Current exchange rate is $1.27 to the £1.
Exports to the EU are worth $432338953739.73
There is no fail.
We're doing far better than before.
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Post by oracle75 on Jul 4, 2023 18:09:51 GMT
You just dont seem to be able to 7nderstand that quoting POUNDS as proof of increase or decrease in trade isnt valid when the VALUE of the pound increases or decreases. If you want to use currency, you must use dollars, the currency to which the value of any currency is compared by everyone.
OK - In 2015 (the last full year before the devaluation) the UK exported £223 Billion to the EU - which was $336 Billion In 2022 the UK exported £340 Billion to the EU - which is the equivalent of $416 Billion. I'm struggling to see the fall? [b I should hope that after 7 years, exports have gone up, notwithstanding that the UK was completely out of the EU for only 2 years of those 7. So 5 of those years are attributable to being in the EU and the terms and conditions of trade havent changed because the UK still trades under EU trade deal terms. How can you possibly attribute this to Brexit? Rather it is due to the UK still following EU trade T and C's. The questuon is how it compares to similar EU countries, who have done far better. See graph in the link in my previous post. Why is this remarkable |
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Post by oracle75 on Jul 4, 2023 18:13:05 GMT
Average exchange rate for 2015 was £1 = $1.5285 so £223bn = $341 bn. Current exchange rate is $1.27 to the £1. Exports to the EU are worth $432338953739.73 There is no fail. We're doing far better than before. As i said i never said there was a fall. I said it wasnt as good as comparable countries. Calculated as explained to be about 4% down on where it should be. Details in previous posts. However you dont know what i said earlier, Iggy. So i suggest you stop interfering when you only know half the conversation. |
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Post by oracle75 on Jul 4, 2023 19:51:27 GMT
£46,789,480,342.1 better off on our exports to the EU over 2015 (inflation adjusted). www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator£38,074,416,040 better off on our exports to the USA over 2016 (inflation adjusted). Our membership of the EU wasn't working and was costing us £9.5 billion a year at the time post rebate, to do less trade than we would outside it. So you are boasting some sort of numbers pre Brexit and saying trade as a member of the EU wasnt working. Your post doesnt make sense. It is just a few numbers that refer to pre brexit. So what?? |
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Post by Pacifico on Jul 4, 2023 21:21:10 GMT
OK - In 2015 (the last full year before the devaluation) the UK exported £223 Billion to the EU - which was $336 Billion In 2022 the UK exported £340 Billion to the EU - which is the equivalent of $416 Billion. I'm struggling to see the fall? [b I should hope that after 7 years, exports have gone up, notwithstanding that the UK was completely out of the EU for only 2 years of those 7. So 5 of those years are attributable to being in the EU and the terms and conditions of trade havent changed because the UK still trades under EU trade deal terms. How can you possibly attribute this to Brexit? Rather it is due to the UK still following EU trade T and C's.
countries have to comply with the T&C's of the countries they are exporting to. That has nothing to do with EU membership or Brexit - it is simply a fact of international trade. |
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Post by oracle75 on Jul 5, 2023 6:23:04 GMT
[b I should hope that after 7 years, exports have gone up, notwithstanding that the UK was completely out of the EU for only 2 years of those 7. So 5 of those years are attributable to being in the EU and the terms and conditions of trade havent changed because the UK still trades under EU trade deal terms. How can you possibly attribute this to Brexit? Rather it is due to the UK still following EU trade T and C's.
countries have to comply with the T&C's of the countries they are exporting to. That has nothing to do with EU membership or Brexit - it is simply a fact of international trade. Not good enough. The numbers quoted are for when the UK was still operating as a full member of the EU. Any credit about increases in trade belongs to being a member of the EU. |
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Post by Pacifico on Jul 5, 2023 6:48:40 GMT
All countries have to comply with the T&C's of the countries they are exporting to. That has nothing to do with EU membership or Brexit - it is simply a fact of international trade. Not good enough. The numbers quoted are for when the UK was still operating as a full member of the EU. Any credit about increases in trade belongs to being a member of the EU. We are not. If you just look at the last 3 years when we have not been members of the EU our exports to the EU have still risen (in whatever currency you want to use) |
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Post by oracle75 on Jul 5, 2023 7:08:56 GMT
But the UK is still working to contracts and agreements it had while a member!
And all those stats you sent were not for the past three years.Some were from 2015.
If what you say is true, nothing changes the fact that the UK is lagging behind and has lost a potential 4% of GDP while other comparable countries have recovered post covid and grown.
It is just facts.
Now what did Brexit do to "improve" UK business when it has lost 4% of potential growth?
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Post by Pacifico on Jul 5, 2023 7:22:57 GMT
But the UK is still working to contracts and agreements it had while a member! And all those stats you sent were not for the past three years.Some were from 2015. If what you say is true, nothing changes the fact that the UK is lagging behind and has lost a potential 4% of GDP while other comparable countries have recovered post covid and grown. It is just facts.
Now what did Brexit do to "improve" UK business when it has lost 4% of potential growth? The 4% GDP claim was cooked up by some remain supporting thinktank who had to create some fake alternative economy to 'prove' their thesis - those are not facts. The facts are that leaving the EU has had absolutely no noticeable impact on UK exports. What the UK does in the future that may or may not impact the level of exports is unknown. |
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Post by oracle75 on Jul 5, 2023 8:00:49 GMT
Tyypical. If you dont like it, call it a lie.
Well go a0nd have that conversation with the multiple sources who agree out there. Including the BOE.
The UK is still using the opportunities offered by the EU. The fact the other members use them more effectively is not the fault of the EU.
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Post by Vinny on Jul 5, 2023 8:06:50 GMT
Not good enough. The numbers quoted are for when the UK was still operating as a full member of the EU. Any credit about increases in trade belongs to being a member of the EU. We are not. If you just look at the last 3 years when we have not been members of the EU our exports to the EU have still risen (in whatever currency you want to use) Exactly. And remoaners cannot change the facts to suit their fantasy. Brexit is a success. Even Labour know it. |
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Post by oracle75 on Jul 5, 2023 8:18:43 GMT
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