Observations

The significance for Brexit

The majority of the goods exported from the UK are destined for non-EU countries. Not only that, but some of the biggest customers have no trade deal with the EU. As we have reported on in detail several times, the EU’s record at doing free trade agreements has been lamentable.

The UK’s biggest customer is the USA, with which the EU not only has no trade deal, but with which it is in dispute on a wide range of issues.

“But we haven’t left yet”

This is a common refrain from Remainers. We have news for them. We know. Given that members of the Brexit Facts4EU.Org team have still not been able to go back to their normal lives three years after the Referendum, believe us we know.

What Remainers overlook is the overall effect on the outward-looking mentality of British business since the British people voted to leave the European Union. We’re not talking about the top echelons of the CBI, of course, but rather the members of organisations such as the Alliance of British Entrepreneurs.

There is now far more talk about global markets in the business world than there was when it seemed that we were forever destined to be a captive customer for EU27 companies. Let’s not forget that the EU27 earned over £95 billion from us last year. That was their surplus of what they sold us compared to what we sold them.

Exchange rate fluctuations have helped UK businesses to export more of course, but we sense a real excitement and enthusiasm amongst many business people at the UK once again spreading its wings on the global business stage.

Exchange rate changes simply can’t explain the disproportionate increase in exports to non-EU countries. The fall in the pound made British products just as popular to EU customers, and yet it’s the global exports which have shown the biggest increase in the latest figures.

Have you heard the EU's latest trade news from yesterday on the BBC?

As usual, we searched in vain on the BBC’s outlets for any mention of the above news from the EU yesterday. Answer came there none.

We invite readers to imagine if the figures had been reversed. Imagine if it had been the EU27’s global exports which had grown by 15.3% and further imagine if it had been the UK’s global exports which had dropped by 4.4%?

Then also imagine if the EU27’s share of the UK’s export market had increased by 4.6 percentage points, not fallen by that amount? In those circumstances we can’t help feeling that the BBC would have been all over this like a rash.

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