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Post by Dan Dare on Jan 8, 2024 11:07:42 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. Again Vinny, you're inventing your own metrics - which nobody else uses - to tell a particular story.
If you want to see how it's done properly, go to the Balance of Payments section of the ONS National Accounts.
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Post by Equivocal on Jan 8, 2024 11:08:43 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 I believe the figures were revised:
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Post by oracle75 on Jan 8, 2024 11:19:02 GMT
I repeat....... How on earth can importing more than you export possibly be a succeess?? |
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Post by Pacifico on Jan 8, 2024 11:22:14 GMT
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. ha ha ha, truly laughable. I remind you of the extra rules for Mind Zone: - Avoid mocking/joking responses / images / one liners.
Try and construct an argument. |
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Post by oracle75 on Jan 8, 2024 11:23:34 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. If it was a shop it would be out of business. Ditto Brexit Britain Ltd. If you think it is a success you would soon be homeless and using food banks. Oh wait.... |
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Post by Pacifico on Jan 8, 2024 11:26:54 GMT
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.
Balance of Payments and Balance of Trade are measuring 2 different sets of criteria. If the trade deficit is the measure of success or failure of Brexit then there is no indication of failure (so far) |
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Post by Dan Dare on Jan 8, 2024 11:32:26 GMT
How do they differ?
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Post by buccaneer on Jan 8, 2024 11:32:26 GMT
Brexit Britain is fine. The whinging and whining hasn't stopped because certain people didn't get their own way back in 2016.
These bunny boilers will look for any confirmation bias on dubious grounds to promote their ire at Brexit.
Their arguments are as bad now as they were prior to the referendum. The project of pessimism and fear has failed them, yet they learn nothing.
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Post by see2 on Jan 8, 2024 11:35:43 GMT
ha ha ha, truly laughable. I remind you of the extra rules for Mind Zone: - Avoid mocking/joking responses / images / one liners.
Try and construct an argument. Fair comment, but I was addressing a post by using a similar approach used by the poster I replied to. |
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Post by Vinny on Jan 8, 2024 11:37:35 GMT
Again Dan, you're misrepresenting the stats because as an ex Pat, you have a loyalty to the EU because it made it easy for you to move around.
But other than that, what economic advantage did it provide the UK?
None.
Membership was a failure.
High unemployment signified that.
Industrial decline signified that.
The high trade deficit with the EU signified that.
Our economy is growing, things are improving.
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Post by Dan Dare on Jan 8, 2024 11:44:20 GMT
'Misrepresenting the stats'? That's a serious charge, can you substantiate it? If not a retraction would be in order.
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Post by see2 on Jan 8, 2024 11:45:46 GMT
Brexit Britain is fine. The whinging and whining hasn't stopped because certain people didn't get their own way back in 2016. These bunny boilers will look for any confirmation bias on dubious grounds to promote their ire at Brexit. Their arguments are as bad now as they were prior to the referendum. The project of pessimism and fear has failed them, yet they learn nothing. Arguments before the referendum included lies mainly by those who voted Leave. I think the referendum itself, regardless of who won, is a permanent stain on the UKs reputation for fairness. Most of the 'arguments' by Remainers are usually about faults and failures so far, and IMO, as a remainer, Those who voted to leave should be big enough to take any truthful criticisms. |
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Post by see2 on Jan 8, 2024 11:53:52 GMT
Brexit Britain is fine. The whinging and whining hasn't stopped because certain people didn't get their own way back in 2016. These bunny boilers will look for any confirmation bias on dubious grounds to promote their ire at Brexit. Their arguments are as bad now as they were prior to the referendum. The project of pessimism and fear has failed them, yet they learn nothing. Edit. The post was meant for Vinny. |
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Post by buccaneer on Jan 8, 2024 11:54:44 GMT
Brexit Britain is fine. The whinging and whining hasn't stopped because certain people didn't get their own way back in 2016. These bunny boilers will look for any confirmation bias on dubious grounds to promote their ire at Brexit. Their arguments are as bad now as they were prior to the referendum. The project of pessimism and fear has failed them, yet they learn nothing. Arguments before the referendum included lies mainly by those who voted Leave. I think the referendum itself, regardless of who won, is a permanent stain on the UKs reputation for fairness. Most of the 'arguments' by Remainers are usually about faults and failures so far, and IMO, as a remainer, Those who voted to leave should be big enough to take any truthful criticisms. I haven't seen many "truthful criticisms" on this forum about any of the alleged failings of Brexit. I have seen though, that the doom mongers who told us the world would nigh on end if we dared leave the EU, haven't changed their tact. Even though they were horrendously wrong with their dire predictions. |
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Post by buccaneer on Jan 8, 2024 11:55:49 GMT
Brexit Britain is fine. The whinging and whining hasn't stopped because certain people didn't get their own way back in 2016. These bunny boilers will look for any confirmation bias on dubious grounds to promote their ire at Brexit. Their arguments are as bad now as they were prior to the referendum. The project of pessimism and fear has failed them, yet they learn nothing. They are not as good as the Outers when it comes to lying and to selling their lies. All your negatives are down to the very long term failure of the UK to cope. And that despite a period of success under New Labour. Sorry, I have no idea what you are rambling on about. |
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