BobKowalski
Well-Known Member
- Joined
- 17 May 2007
- Messages
- 20,331
So we agree, despite Brexit and COVID, UK exports (which is all the UK cares about in reality) to the EU have, based on current data, remained largely resilient.
Exports (to RoW) of crude/refined, and cars/machinery/aircraft are the hardest hit, not such a surprise when the global economy is on its arse. Imports largely increased in consumables such as electronics and clothing which, again, is hardly a surprise given pent up demand.
Oy vey.
Our exports have dipped 1% compared to lockdown levels, whereas every other European country saw exports increase in double figures as their economies emerged from lockdown. We are truly blessed.
I’m not even going to bother with the dismissal of imports as no big deal except to say the UK is not a company, does not run a P/L account and imports are also lost business, especially if those imports are part of a supply chain for use in finished products.
Repeat after me. Raising trade barriers inhibits trade, increases cost to businesses and consumers and just as the sun rises in the morning and sets in the evening it cannot be denied, for it is reality. And reality is a harsh mistress.
It was this harsh mistress that did for the UK Quality Mark, will likely do for our attempt to impose full custom borders and is currently ensuring I cannot get a KFC bucket.
Give me practical and pragmatic politics over that of ideologues and fanatics any day, for truly they ruin everything.