The Great Single Market Con-Trick

UK benefits 2nd-least from exports to the Single Market - 27th out of 28 members

Official: Only 7.3% of the UK economy relates to goods exports to the EU

“The UK is the Member State with the lowest trade integration in the Single Market for goods”

- EU Commission, Single Market Scoreboard, 2018

Last year the EU produced its assessment of the effectiveness of the Single Market by country, in a series of reports. These were released just after Mrs May's disastrous Chequers Plan was published as a white paper.

Below is a chart showing the EU Commission's figures for goods exports into the Single Market.

When this information was released, Brexit Facts4EU.Org exclusively analysed the figures and suggested that our summary should be required reading for all Remainer MPs.

Today we are re-presenting the information, in a simpler format in this article, for the Remainer MPs who form the majority in Parliament.

This data comes from the EU itself. We use EU data wherever possible because then it cannot be contested by those MPs who seem to have blind allegiance to that organisation.

To reiterate, according to the EU Commission, UK goods exports into the EU's Single Market account for only 7.3% of UK GDP. By anyone's reckoning that's not an enormous slice of the UK economy.

The key thing to remember is that no-one is saying that this amount of GDP will disappear when we leave. The UK will continue to have access to the Single Market just as every other country around the world has, including the USA, China, etc. It’s only the terms which will change.

This is the truth about the Single Market

As you can see, the UK benefits least out of all the EU’s 28 member states when it comes to membership of the Single Market and is 27th out of 28 when it comes to goods exports alone. For some of those countries it has been an essential part of their economic success in recent years, but not for the UK.

If Remainer MPs would like more information on the facts of the Single Market – rather than its imagined benefits – we have a great deal more information which we have produced in the last three years. All of this is based on official sources and is incontrovertible.

We would be happy to make it available to any MPs who are interested in the facts rather than the fiction of the Single Market.

For the UK, the Single Market has been a huge disappointment

Our report above shows unequivocally that the Single Market has been of great benefit to many other countries, but that the UK comes bottom of the list. This is despite the fact that the Single Market is sold to the British public by Remainer MPs as one of the defining benefits of EU membership.

It is also despite the fact that the UK has been the second-highest net contributor to the EU’s funds. In other words, the UK has been the second-biggest payer, but at the end of the queue when it comes to benefiting from that.

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