Brexit Benefits

[Mrs Ten Names]

I've been expecting Mottie to pounce on this.
But as he hasn't I might as well:

Brexit red tape on British businesses has caused goods trade between the UK and EU to slump and the problem is getting worse, a study has warned.

Brexit deal impact 'worsening', economists say

The findings come from a report covering the three-year period after the Brexit deal was signed.

www.bbc.com

 

[ellal]

You have to remember that mottie doesn't care

 

[noseall]

You have to remember that mottie doesn't care

Not strictly true. He's shown concern about the lack of passport check queueing, endured by out of season travellers at 3:00 am on a Wednesday.

You can forgive him for missing the less important stuff like many billions being lost by the UK on a monthly basis.

 

[blup]

Perhaps the thread should be renamed Mottie's Brexhit Benefits.

 

[carmanmemoranda]

Not many benefits listed

 

[fillyboy]

Not many benefits listed

In 2021 UK was the 7th largest exporter in the world.
In 2024 UK was the 4th largest exporter in the world.

UK becomes world’s fourth largest exporter as services boom | The Chartered Institute of Export & International Trade

Find out the latest insights from the Chartered Institute or Export & International Trade

www.export.org.uk

However, Sephs popcorn and Mary Quickes cheese are struggling to cope with the additional paperwork.

 

[carmanmemoranda]

Between 2021 and 2023, the study calculated that UK goods exports to the EU were down 27% and imported goods were 32% lower than where they would have been had Brexit not happened.

 

[fillyboy]

Between 2021 and 2023, the study calculated that UK goods exports to the EU were down 27% and imported goods were 32% lower than where they would have been had Brexit not happened.

In 2021 UK was the 7th largest exporter in the world.
In 2024 UK was the 4th largest exporter in the world.

 

[carmanmemoranda]

In 2021 UK was the 7th largest exporter in the world.
In 2024 UK was the 4th largest exporter in the world.

You like your headlines don't you.

Why don't you dig down into the facts a bit.

 

[carmanmemoranda]

Try this ...

given politicians an excuse to showcase the UK’s ‘economic resilience’, but the top-line export figures report the total value, which includes intermediate costs for parts and labour and much of this will have been imported.

 

[fillyboy]

You like your headlines don't you.

Why don't you dig down into the facts a bit.

Are you suggesting it's not true.

Are you saying your article based on a report by Aston University Business School citing a family cheese making business and a popcorn vendor holds more sway than data published by the UN Conference on Trade and Development (UNCTAD) or the Dept for Business and Trade?.

Really?

 

[fillyboy]

Try this ...

given politicians an excuse to showcase the UK’s ‘economic resilience’, but the top-line export figures report the total value, which includes intermediate costs for parts and labour and much of this will have been imported.

Was that a change in the parameters in the timescales you quoted?, I dont think so.

 

[carmanmemoranda]

Are you suggesting it's not true.

Are you saying your article based on a report by Aston University Business School citing a family cheese making business and a popcorn vendor holds more sway than data published by the UN Conference on Trade and Development (UNCTAD) or the Dept for Business and Trade?.

Really?

No. I'm suggesting you've only read part of the story. The headline.

Try understanding it. The details.

 

[carmanmemoranda]

Was that a change in the parameters in the timescales you quoted?, I dont think so.

Did you understand the point in the article ?

 

[carmanmemoranda]

Try this....


At first glance, this seems a significant coup, showcasing the UK’s economic resilience. But before cracking open the champagne, it’s worth considering what these numbers truly mean and whether they tell the full story.

Looking at the top-line export figures alone can be misleading when gauging a country’s true economic competitiveness. This is because total exports report the value of products, including the costs of everything that goes into making them. But some of this – parts and labour known as “intermediate inputs” – will be imported.

Think of the value of a Mini car made in the UK and exported abroad. With it being assembled domestically, the finished car counts as a UK export. However, a good portion of its total value (more than 60% in some cases) is added earlier in the supply chain by companies in other countries. The UK then imports the value of the parts and labour to complete the car production.

So the UK’s export ranking may not accurately reflect its economic strengths and productive capability. The US$1.02 trillion headline may hide a large portion of value created far from the UK shores