EU’s never been a level playing field
THERE was a very interesting article in the Chronicle on Monday November 12 which dispelled some of the myths about our reliance on trade with the EU.
The graph showed that in 1998 the UK had a trade deficit with the EU of £14.7billion.
In 2017 the UK trade deficit with the EU had grown to £130.7bn meaning that we now import £130.7bn more worth of goods from the EU than we export to the EU.
In 2017 our trade deficit with Germany alone was £31.7bn.
The EU does not and never has created jobs as so many remainophobes would have us believe. Jobs are created by industry not unelected commissionaires in Ivory towers.
Since we joined a “Common Market” we have lost millions of jobs starting with our fishing industry, which Edward Heath gave away in order to gain
membership to the Common Market. Before we joined the Common Market, Britain was the world’s biggest exporter of trucks and buses and the second biggest car exporter. What a difference to where we are now.
Look at all of our famous world-beating brands we have lost since we joined: Austin, Morris, Rover MG, Leyland Truck & Bus, Bedford, Atkinson, AEC, ERF, Foden, Parsons engineering and many more famous brands gone forever thanks to EU rules on state aid.
Yet just look at all the EU companies that benefit from