MY BELIEF IS
THE BRITISH PEOPLE, HAVE HAD ENOUGH
I voted to exit the European Union whether or not we had a deal. There was no mention of a deal when the question was asked. It can be argued that entire debate has been hijacked by politicians, by big business with a vested interest in staying in and by the Irish backstop. To the extent where we're losing the main argument for the majority of Great Britain. For politicians to suggest the British electorate did not understand a 'simple question' is as shameful, as it is insulting. To suggest there should be another referendum when the referendum has been held and the British people have spoken would be a nail in the coffin for the home of democracy. I would gladly leave the european club under World Trade Organisation WTO rules.
*The democratic vote has been delivered and as a Country we must as abide by that. I would say to anyone blocking this, have faith in British entrepreneurs and innovators and more than that, listen to the British people who voted and NOT MP's who are holding GREAT BRITAIN to ransom. London has in effect railed against the will of the rest of the Country and this must stop. You cannot have another vote because your were on the losing side. The World is watching, Europe is STILL determining our future and we must DELIVER DEMOCRACY, or be be the laughing stock of the World. - With or without a deal for God's sake. - JUST LEAVE NOW!
We are the 5th largest economy in the world
Trade with the EU matters a lot, but slightly less than it used to
About 44% of UK exports in goods and services went to other countries in the EU in 2017 - £274 billion out of £616 billion total exports. That share has generally been declining, since exports to other countries have increased at a faster rate.
If you look at the Top 20 world economies from within Europe only Germany pips us in the rankings and I believe that won't last long when we come out. Only France, Italy, Spain and the Netherlands figure in this list. You have to look to the Top 40 to find that only 7 of the other 22 countries in the European Union appear.
Poland, Sweden, Belgium, Austria, Norway, Ireland at No 32 and Denmark at No 38 figure in the Top 40 and their collective GDP equates to 3,453,016 so even these do not come close to the United Kingdom.
All of these Countries economies will suffer when we leave.
So it begs the question - Who needs who more?
The UK's negotiating power
“All of these countries have a vested interest [in negotiating with us]... Poland wants to sell machinery to us. The Italians want to sell fashion goods to us. The Germans, cars and engineering goods. The Spaniards and French want to sell food and drink to us. And they all have surpluses in our direction. So they want to sell to us more than we want to sell to them.”—David Davis MP
While, it’s difficult to get a single answer for the size of the UK’s exports and imports to and from the rest of the EU it is my understanding. Using UK data of goods and services to other EU countries were worth £230 billion in 2014, about 13% of the value of the British economy.
Newer figures are now available, showing it’s down to 12% for 2015. It’s stayed at around 13-15% over the past decade.
In 2014 exports from the rest of the EU to the UK were worth between £290 and £360 billion, depending on whether you use EU data or UK data. That’s about 3 to 4% of the size of the remaining EU’s economy.
As explored above, our trade with other EU countries can vary significantly.
EU in world economy
“The EU right now, for example, is one of the worst performing economic areas in the world, it’s basically a sinking ship economically.”—Steve Hilton
This claim really depends on what you mean by an ‘economic area’, and what you measure, but Mr Hilton has a point.
FullFact.org looked at IMF data for economic growth over the past five years, measured in gross domestic product (GDP) and broken down into regional country groups. It shows that the EU, and the eurozone within it, grew more slowly than other regions.
In most cases it was starting from a better position, as a rich area, but it also grew more slowly than what the IMF considers 'advanced economies' generally.
My thanks to FullFact.org as the primary source for these facts.
A WORLD TO TRADE IN AGAIN!
While Europe is our nearest trading partner the mathematics are that it is 27 countries in its entirety. There are another 168 trading countries and their market shares are rising. It is no longer the Common Market that we bought into but is an undemocratic union with a democratic deficit, fronted by unelected bureaucrats with delusions of becoming being a superstate that is forcing pointless diktats on the people of Europe.
In my opinion, while the European bloc is important, its market share is diminishing. Therefore it is not as important as it once was, and we not thrown away all of our ace cards we could have been in a much better place than we see ourselves today.