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UK exports to EU

This tag is associated with 10 posts

#Brexit. Top 100 EU rules cost Britain £33.3bn

In the latest instalment of Open Europe’s ongoing Brexit series, we look at the burden of EU regulation on the UK economy, and whether swapping full EU membership for EEA membership, i.e. the ‘Norway Option’, would be a better way to cut regulatory costs. Based on an analysis of UK Government Impact Assessments (IAs), Open … Continue reading

Securing free trade with EU after #Brexit. Easy wins and challenges

OpenEurope’s assessment of how withdrawal from the EU would impact eight of the UK’s key exporting industries, in both the goods and services sectors. EU regulation now covers most parts of the UK economy, including the public sector, which is largely non-tradable, and other domestic firms which do not export. This means that Brexit – … Continue reading

#OpenEurope, the economic impact of #Brexit

In this study, Open Europe primarily examines the economic impact of Britain leaving the EU.  Open Europe’s study draws on detailed economic modelling, showing that the economic impact of Brexit is not as clear cut in either direction as most previous analyses have suggested. Instead it will depend on a number of tough decisions in … Continue reading

#Brexit: would independence over trade policy lead to better results?

Extract from the House of Commons Library, Research Paper No. 13/42 It is often suggested that independence over trade policy would allow the UK to join other free trade areas, such as NAFTA and forge its own bilateral free trade agreements that are tailored to its particular economic circumstances; as part of the EU, this … Continue reading

#Brexit, EU-exit under a negotiated arrangement

Extract from the House of Commons Library, Research Paper No. 13/42 Beyond the MFN position discussed in the previous chapter (see http://wp.me/p3ZV5A-1FO), there are a host of more preferential trade arrangements between the EU and UK that may be negotiated, although there is likely to be a trade-off between the level of access to the … Continue reading

#Brexit, EU-exit without a free trade agreement?

Extract from the House of Commons Library, Research Paper No. 13/42 Were it to leave, the UK’s trading relationship with the EU would be the product of negotiation. A vast number of different arrangements could result, but for the purposes of analysis, considering a situation in which the UK negotiates no preferential market access with … Continue reading

#Brexit: reasons to leave the EU (devil’s advocate)

1. Since we joined the EEC in 1973, we have been in surplus with every continent in the world except Europe. Over those 27 years, we have run a trade deficit with the other member states that averages out at £30 million per day. 2. In 2010 our gross contribution to the EU budget will … Continue reading

#Brexit: reasons to stay in the EU (devil’s advocate)

1. Jobs Around 3.5 million British jobs are directly linked to British membership of the European Union’s single market – 1 in 10 British jobs. 2. Exports & investment The EU buys over 50 per cent of UK exports (54 per cent of goods, 40 per cent of services). Over 300,000 British companies and 74 … Continue reading

#Brexit. Trade and Welfare effects of leaving the EU

Below the Centre for Economic Performance (CEP) paper on the effects of Brexit on the UK economy. NOTE: The views expressed here are those of the authors and do NOT necessarily represent or reflect the views of ABC Economics. CEP – Centre for Economic Performance Points to note Over half of all UK exports go … Continue reading

#Brexit: the UK is the EU’s main trading partner

Stefano Fugazzi (ABC Economics) – The EU is the UK’s most important trading partner. According to statistics published by a House of Commons report, as at 2012 the EU accounted for 46% of its goods and services exports (£224bn) and 51% of its imports (£265bn). From the graphs reported above, the reader will notice a … Continue reading

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