Ashton Moss Messi
Well-Known Member
- Joined
- 30 Apr 2023
- Messages
- 435
- Team supported
- Manchester City
If you, like me, was thinking WTF with that ridiculous 10 Downing Street podium speech last Friday by Richi Sunak, then it was a classic dead cat speech.
What was it distracting us from?
Perhaps it was this news from the latest trading figures released coincidentally last Friday...
The key points:
- steepest five-year fall on record for goods imports and exports
- Brexit has reduced flows both into and out of Britain
- volume of UK goods imports and exports was 7.4 per cent smaller in 2023 than in 2018
- volume of imports fell 7.4 per cent compared with 2022 and was down 3.8 per cent compared with 2018.
- Over five years, export volumes fell 12.4 per cent.
The UK economy has notably underperformed other advanced countries since, with real GDP per capita barely above pre-Covid levels, at 4% above the mid-2016 level, compared with 8% in the eurozone and 15% for the US.
Self-imposed trade barriers making it harder to sell and buy goods to/from outside the UK, who'd have thought it?
The UK doesn't trade as much as we used to and increasingly doesn't matter to the rest of the world.
Not so much Great Britain as Little England.
What was it distracting us from?
Perhaps it was this news from the latest trading figures released coincidentally last Friday...
UK trade volumes suffer record five-year decline
Drop in goods imports and exports attributed to Brexit by economistsThe key points:
- steepest five-year fall on record for goods imports and exports
- Brexit has reduced flows both into and out of Britain
- volume of UK goods imports and exports was 7.4 per cent smaller in 2023 than in 2018
- volume of imports fell 7.4 per cent compared with 2022 and was down 3.8 per cent compared with 2018.
- Over five years, export volumes fell 12.4 per cent.
UK trade volumes suffer record five-year decline
Drop in goods imports and exports attributed to Brexit by economists
www.ft.com
UK goods trade has fallen 15% below the G7 since Brexit
Brexit triggered lasting economic upheaval, including tougher trade barriers with the UK’s largest trading partner.The UK economy has notably underperformed other advanced countries since, with real GDP per capita barely above pre-Covid levels, at 4% above the mid-2016 level, compared with 8% in the eurozone and 15% for the US.
The Conservatives’ economic record since 2010 in 10 charts
From a huge budget deficit to weak GDP and a record rise in tax, we look at the background to the Tory budget
www.theguardian.com
Self-imposed trade barriers making it harder to sell and buy goods to/from outside the UK, who'd have thought it?
The UK doesn't trade as much as we used to and increasingly doesn't matter to the rest of the world.
Not so much Great Britain as Little England.