The following graph shows our trade balance with the EU compared with our trade with the rest of the world from the year 2000 onwards. You can see that while we were in the EU Single Market our trade plummeted from being broadly in balance with the other EU countries to a deficit of £109bn, or 6% GDP in 2015. It has got a little bit worse since but the main damage was done before Brexit.
Such an increasing deficit presents British business with a contracting market. Business will generally not invest into a contracting market. No investment = no growth.
The good news is that Brexit gives us an opportunity to reverse that damage by using import tariffs. And the EU has limited opportunity to retaliate as WTO rules require it to apply the same tariffs to all countries for any given product. This gives a Reform government an opportunity to produce exceptional growth while we catch up and rebalance our trade.
Produced by John Poynton BSc. FCA CMC for Reform UK.The following graph shows our trade balance with the EU compared with our trade with the rest of the world from the year 2000 onwards. You can see that while we were in the EU Single Market our trade plummeted from being broadly in balance with the other EU countries to a deficit of £109bn, or 6% GDP in 2015. It has got a little bit worse since but the main damage was done before Brexit.
Such an increasing deficit presents British business with a contracting market. Business will generally not invest into a contracting market. No investment = no growth.
The good news is that Brexit gives us an opportunity to reverse that damage by using import tariffs. And the EU has limited opportunity to retaliate as WTO rules require it to apply the same tariffs to all countries for any given product. This gives a Reform government an opportunity to produce exceptional growth while we catch up and rebalance our trade.
Produced by John Poynton BSc. FCA CMC for Reform UK.The following graph shows our trade balance with the EU compared with our trade with the rest of the world from the year 2000 onwards. You can see that while we were in the EU Single Market our trade plummeted from being broadly in balance with the other EU countries to a deficit of £109bn, or 6% GDP in 2015. It has got a little bit worse since but the main damage was done before Brexit.
Such an increasing deficit presents British business with a contracting market. Business will generally not invest into a contracting market. No investment = no growth.
The good news is that Brexit gives us an opportunity to reverse that damage by using import tariffs. And the EU has limited opportunity to retaliate as WTO rules require it to apply the same tariffs to all countries for any given product. This gives a Reform government an opportunity to produce exceptional growth while we catch up and rebalance our trade.
John Poynton 