EXCLUSIVE: UK exports to EU are up 26.6% since the Referendum

Despite Covid and ‘despite Brexit’, the UK’s exporters are steaming ahead

Montage © Facts4EU.Org 2022

A Facts4EU.Org analysis of the true picture of the UK’s export performance since voting ‘Leave’

Facts4EU.Org has reviewed the latest trade figures for the United Kingdom from the Office for National Statistics. In this report for CIBUK.Org we compare the 2021 totals with the pre-Referendum year of 2015.

We also review the latest Q1 2022 figures with the same period in 2016, just before we voted to leave the European Union.

With the unremitting flow of negativity from the BBC and others, readers would be forgiven for thinking that exports from Brexit Britain to the EU have fallen. In fact the opposite is true, as we show below.

Brexit Facts4EU.Org Summary

Total exports of goods and services to the EU

Whole year numbers - 2021 compared with 2015, the pre-Referendum year

  • 2015 : £ 223.3bn
  • 2021 : £ 261.7bn – an increase of 17.2%

[Source: Latest ONS official data, UK total trade, seasonally adjusted, released Wed 27 July 2022.]

© Brexit Facts4EU.Org 2022 - click to enlarge

Without the Covid-19 effect, the increase would have been even higher

In 2021, much of the EU and the rest of the world was being affected by lockdowns and a general decrease in commercial activity. In order to get some indication of the effect of Covid-19 on exports, Facts4EU.Org looked at the drop in 2021 from the last pre-Covid year, which was 2019.

To take out any idea of a ‘Brexit effect’ on exports to the EU, we analysed the UK’s exports to the rest of the world. Total exports of goods and services from the UK to non-EU countries fell by 10.5% over the Covid years.

In other words, without Covid-19 we could have expected the UK’s exports to the EU to have been around 10% higher than our ‘red box summary’ above shows.

Let’s bring things up to date – how did Brexit Britain do in the latest results for Q1 2022?

Next we look at the ONS results for Q1 (Jan-Mar 2022), released yesterday. In this case we can review the quarterly data and compare Q1 2022 with the same quarter in 2016 – just before the UK’s EU Referendum.

And the news gets even better.

Brexit Facts4EU.Org Summary

Total exports of goods and services to the EU

Q1 2022 versus Q1 2016

  • Q1 2016 : £56.9bn
  • Q1 2022 : £72.0bn – an increase of 26.6%

[Source: Latest ONS official data, UK total trade, seasonally adjusted, released Wed 27 July 2022.]

© Brexit Facts4EU.Org 2022 - click to enlarge

The fastest-growing economy in the G7

In 2021 the UK was the fastest-growing economy in the G7 – something not mentioned enough.

“For 2021 as a whole, UK GDP growth was 7.4%. This was the highest in the G7.”

- House of Commons Library report, 07 July 2022

The UK also out-grew the EU27 in the first quarter of this year, according to the official figures.

Observations

BBC, will you please stop being so negative about our country?

Yesterday the BBC seemed to take pleasure in reporting that the OECD are now forecasting the UK will be the slowest-growing economy in the G7 in 2023.

© BBC 2022

We would point out to the Beeb that the Paris-based OECD’s record of economic forecasting is as bad as that of the UK’s ‘Office for Budget Responsibility’, set up by arch-Remainer and former Chancellor George Osborne.

Prominent commentators in Germany are now predicting a recession in their country – the largest economy in the EU. We have yet to see this on the BBC.

Facts4EU.Org is proud to publish good news about Brexit Britain

It’s easy to look at the negatives. “Bad news sells,” as they say in what used to be called Fleet Street.

In our report above, produced for our affiliated organisation CIBUK.Org, we have presented positive news. Total exports to the EU were up 17% last year, compared to the pre-Referendum year. In the last quarter they were up by almost 27%, compared to the same quarter in 2016.

Given the falls in trade across the world as a result of Covid-19, this is an impressive achievement from Brexit Britain. Yes, we’re facing difficult economic times but then so is the EU and so are a great many other countries around the world.

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[ Sources: Office for National Statistics ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Thurs 28 July 2022

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