Sunday, 12 June 2016

EU phile lies part 103

The EU is not the biggest single market in the world. That depends on how wealthy a country is not its population

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

US 17.9 trillion, EU 16.2 trillion both in US dollars.

Philes like doing this trick.They say there are more immigrants from outside the EU than from inside. True but the difference is only 4000, 188000 from outside, 184000 from in EU. Not a statistically significant difference.

5 comments:

Stephen Harness said...

Do you think it is essential for the UK to remain in the EU single market after Brexit? This is an issue, almost like immigration, that deserves considered thought. Deserves a little bit more that just waving an EU passport in the air, like somebody, at every opportunity.

Eric Edmond said...

No because it costs us more than its worth. The US, China etc get along fine with their EU exports from outside. It just a set of regs that impose huge costs on the 88% of our businesses that dont trade with the EU ie only have domestic or non-EU trade.

You trade successfully when you sell products or services others want to buy. Trade deals etc are largely irrelevant.

Stephen Harness said...

Interesting. So post Brexit if the UK stayed in the Single Market, we could not free our domestic commerce from costly Single Market/EU regulations even though we were no longer in the EU?

Eric Edmond said...

Correct Stephen, that's why Govesaid we leave. Its a nice empty phrase the sort the Philes love.

Stephen Harness said...

The big leap it is then. I hope the angels guide us to the promised land.