There's been very little bad news in all the economic figures. But don't let the truth stop you.
There's been a massive amount of bad news in the economic figures. The widening trade gap across the board; the jump in the number of imports which hasn't been matched by imports, the job losses at bellweather UK businesses; the sterling slump; the increase in business sales to overseas businesses, including Arm Holdings which was a world leader in technology; the drop in investment due to the instability of the economy etc etc...
There's been a massive amount of bad news in the economic figures. The widening trade gap across the board; the jump in the number of imports which hasn't been matched by imports, the job losses at bellweather UK businesses; the sterling slump; the increase in business sales to overseas businesses, including Arm Holdings which was a world leader in technology; the drop in investment due to the instability of the economy etc etc...
The widening trade gap in November was not across the board it was primarily of other transport equipment (ships, aircraft and railway equipment) and portable data processing machines (for example laptops, tablets) from China. The increase in UK exports since the referendum continued and is across the board.
The widening trade gap in November was not across the board it was primarily of other transport equipment (ships, aircraft and railway equipment) and portable data processing machines (for example laptops, tablets) from China. The increase in UK exports since the referendum continued and is across the board.
The only news outlets reporting otherwise are the likes of the Express which put increased sales figures at Christmas time down to Brexit. Ignoring the obvious fact that er! it was Christmas which fell on a Sunday.
I have made this point many times before, UK trade represents a small proportion of trade for most EU countries.
Again, you are regarding the EU trade as one whole thing, when the members only see and are interested in their own country's trade, not the EU's trade as a whole. The members don't see their income as a whole thing, and don't see it as your analogy, as one big salary taking a cut. The individual members like Germany or Netherlands will though, see how much of a "pay cut" individually or how much they lose individually.
Certainly not every country in the EU are trading with the UK, however, they will be affected indirectly, if they are trading with the nations who are directly trading with the UK. If nations trading with the UK, have their economies damaged, they in turn will trade less with countries not trading with the UK.
People also don't seem to understand the idea, that the void created, if UK's market place isn't accessible. What I mean is, for example the Germans, who have a sizable amount of trading with the UK, because many UK customers are buying up their products, but if these customers disappear, they aren't able to find the customers to fill that void. You can argue, that they can just sell more to the other EU members, but if such amounts of customers existed, wouldn't they have tapped into them already? It's simply that the demand and amounts of customers in other parts of the EU, have been saturated already.
The only news outlets reporting otherwise are the likes of the Express which put increased sales figures at Christmas time down to Brexit. Ignoring the obvious fact that er! it was Christmas which fell on a Sunday.
From your link
Exports shot to a record high in November
The latest figures showed goods exports reached a record high of £27bn,
better-than-expected 1.3% growth in the manufacturing sector.
Again, you are regarding the EU trade as one whole thing, when the members only see and are interested in their own country's trade, not the EU's trade as a whole. The members don't see their income as a whole thing, and don't see it as your analogy, as one big salary taking a cut. The individual members like Germany or Netherlands will though, see how much of a "pay cut" individually or how much they lose individually.
Certainly not every country in the EU are trading with the UK, however, they will be affected indirectly, if they are trading with the nations who are directly trading with the UK. If nations trading with the UK, have their economies damaged, they in turn will trade less with countries not trading with the UK.
People also don't seem to understand the idea, that the void created, if UK's market place isn't accessible. What I mean is, for example the Germans, who have a sizable amount of trading with the UK, because many UK customers are buying up their products, but if these customers disappear, they aren't able to find the customers to fill that void. You can argue, that they can just sell more to the other EU members, but if such amounts of customers existed, wouldn't they have tapped into them already? It's simply that the demand and amounts of customers in other parts of the EU, have been saturated already.
Certainly the Germans will be hit. But taking the extreme example of all trade ceasing then there will be former UK customers for them to sell to.
It still boils down to the proportion is much greater for us and it's quite a small proportion for most EU countries.
Comments
There's been a massive amount of bad news in the economic figures. The widening trade gap across the board; the jump in the number of imports which hasn't been matched by imports, the job losses at bellweather UK businesses; the sterling slump; the increase in business sales to overseas businesses, including Arm Holdings which was a world leader in technology; the drop in investment due to the instability of the economy etc etc...
https://techcrunch.com/2016/07/18/softbank-ceo-arm-ma-began-2-weeks-ago-24b-deal-made-regardless-of-brexit-pound-decline/
The widening trade gap in November was not across the board it was primarily of other transport equipment (ships, aircraft and railway equipment) and portable data processing machines (for example laptops, tablets) from China. The increase in UK exports since the referendum continued and is across the board.
Unemployment is down.
GDP is up.
http://news.sky.com/story/sterling-nears-post-referendum-low-as-trade-deficit-widens-10724919
The only news outlets reporting otherwise are the likes of the Express which put increased sales figures at Christmas time down to Brexit. Ignoring the obvious fact that er! it was Christmas which fell on a Sunday.
Again, you are regarding the EU trade as one whole thing, when the members only see and are interested in their own country's trade, not the EU's trade as a whole. The members don't see their income as a whole thing, and don't see it as your analogy, as one big salary taking a cut. The individual members like Germany or Netherlands will though, see how much of a "pay cut" individually or how much they lose individually.
Certainly not every country in the EU are trading with the UK, however, they will be affected indirectly, if they are trading with the nations who are directly trading with the UK. If nations trading with the UK, have their economies damaged, they in turn will trade less with countries not trading with the UK.
People also don't seem to understand the idea, that the void created, if UK's market place isn't accessible. What I mean is, for example the Germans, who have a sizable amount of trading with the UK, because many UK customers are buying up their products, but if these customers disappear, they aren't able to find the customers to fill that void. You can argue, that they can just sell more to the other EU members, but if such amounts of customers existed, wouldn't they have tapped into them already? It's simply that the demand and amounts of customers in other parts of the EU, have been saturated already.
It still boils down to the proportion is much greater for us and it's quite a small proportion for most EU countries.