|
|
Post by see2 on Jan 8, 2024 8:54:03 GMT
That's very helpful thank you.
It doesn't appear to support Vinny's proposition that Brexit has had the effect of improving Britain's chronic trade deficit. In fact it appears the 2022 deficit of £68 billion is the largest on current record.
- it's the total deficit that matters to us not who it is with. Currently our deficit is lower than it was in 2010 - so as a measure of success or failure seems we are doing OK. ha ha ha, truly laughable. |
|
|
|
Post by jonksy on Jan 8, 2024 8:55:33 GMT
LOL except they aren't, but really what you are saying is the majority of the UK are thinking of the EU in a positive light. Personally, I reckon the Westminster party and its entourage have set about making such a hash of democracy, that they are trying to make the EU the better option. The EU practices Representative Democracy, same as the UK. The EUSSR and democracy is an oxy-moron in the same sentence. |
|
|
|
Post by see2 on Jan 8, 2024 8:58:47 GMT
Total trade deficit, taking into account all trading partners, 2.5 percent. UK EU trade deficit as a percentage again is lower than in 2015. Independence is working. Try EDIT. www.bbc.co.uk/news/business-57427997 |
|
|
|
Post by see2 on Jan 8, 2024 8:59:57 GMT
The EU practices Representative Democracy, same as the UK. The EUSSR and democracy is an oxy-moron in the same sentence. Only in the mind of the totally misled and confused. |
|
|
|
Post by jonksy on Jan 8, 2024 9:00:32 GMT
Total trade deficit, taking into account all trading partners, 2.5 percent. UK EU trade deficit as a percentage again is lower than in 2015. Independence is working. Try www.bbc.co.uk/news/business-57427997 A link to the Brussels Bullshit Corp. |
|
|
|
Post by Dan Dare on Jan 8, 2024 9:31:23 GMT
That's very helpful thank you.
It doesn't appear to support Vinny's proposition that Brexit has had the effect of improving Britain's chronic trade deficit. In fact it appears the 2022 deficit of £68 billion is the largest on current record.
But that is irrelevant - it's the total deficit that matters to us not who it is with. Currently our deficit is lower than it was in 2010 - so as a measure of success or failure seems we are doing OK. I'm considering full years in order to have a consistent basis for comparison, so as stated the deficit for 2022 was £68 billion whereas for 2010 it was £25 billion.
We'll learn how 2023 turned out in a few months.
PS According to ONS BoP data the deficit for 2023 Q1-Q3 was £32.1 billion so also comfortably ahead of 2010, with another quarter still to come.
|
|
|
|
Post by Vinny on Jan 8, 2024 10:22:08 GMT
|
|
|
|
Post by oracle75 on Jan 8, 2024 10:24:58 GMT
During the entirety of the Brexit debate in 2016, there was almost no discussion of possible/probable GDP or percentage of economic growth.
It was about immigration, promised drop in prices ( no discussion of inflation),
a miraculous NHS, the huge damage leaving would do to the EU, including fracturing, the demise of the German car industry, and the wonderful life of the solitary country.
Subsequently the UK has quietly rejoined European projects, and enjoyed a slower economic recovery post Covid than almost any other western country.
The whole idea of comparing selective stats based on numbers 10 years old is false and irrelevant. They change in every country on earth and 10 years, post pandemic and within a war, is completely misleading.
Look at the promises made by the buffoons. Then look at what you are experiencing now. Take into account the promised annulation of thousands of EU laws which has not happened.
Then assess whether it has been positive.
After all many back then were promising a ten year review of WHAT WAS PROMISED and not some new criteria.
|
|
|
|
Post by oracle75 on Jan 8, 2024 10:27:27 GMT
How on earth can importing more than you export possibly be a succeess?? |
|
|
|
Post by Vinny on Jan 8, 2024 10:33:46 GMT
Oh dear is Kim upset with me?
|
|
|
|
Post by see2 on Jan 8, 2024 10:36:46 GMT
A link to the Brussels Bullshit Corp. Your state of denial means you have stopped thinking and stopped learning. |
|
|
|
Post by Dan Dare on Jan 8, 2024 10:37:32 GMT
Percentage of what though? You're creating your own metric here in order to place a positive spin on the trade figures.
The metric that is used to make international comparisons is the current account balance as a percentage of GDP:
As can be seen this is highly volatile but the trend is clearly downwards.
You can't sustain the 'Brexit has been good for trade' line by inventing your own metrics and/or cherry-picking a particularly favourable quarter.
Your argument is completely specious.
|
|
|
|
Post by see2 on Jan 8, 2024 10:43:34 GMT
The UK deficit is caused by the fact that the UK cannot / does not produce many of its needs, while exports don't earn enough for the country to pay its way. That was true long before the EU, and is still true today. The problem lies with the UK not the EU. |
|
|
|
Post by Vinny on Jan 8, 2024 10:49:08 GMT
You're ignoring the Covid crisis and war as economic factors.
UK exports to EU in the four quarters to end of June 2023:
£362.4 billion.
Imports from the EU in the same time period:
£452.5 billion.
Difference between the two £90.1 billion therefore exports to the EU are 19.92% behind imports.
In 2015 the trade deficit between imports and exports from the EU was £67bn 23.291%.
23.291% of £452.5 billion is £105.38 billion.
|
|
|
|
Post by see2 on Jan 8, 2024 10:56:33 GMT
|
|
