DURING THE 2016 EU REFEREDNUM, WE WERE WARNED BY THE GOVERNMENT AT THE TIME THAT A VOTE TO LEAVE WOULD CAUSE THE ECONOMY TO TANK AND HALF A MILLION JOBS WOULD BE LOST.
As you all know, this was not the case, in fact, the UK is doing very well.
The latest figures released by the Office of National Statistics (ONS) reveals that UK exports have increased by 3% in the 2017/18 financial year. This is an £18.5 billion increase. Huge.
Currently, UK exports stand at a record high of £639.9 billion, despite Brexit.
This can be seen as a huge boost for Brexit and proves that despite UK uncertainty and the government delaying Brexit, our economy is still going strong and that people do want to trade with the UK.
The UK’s exports are growing faster than Germany, France and Italy. Britain’s 13.8 per cent rate also outstripped the EU’s overall rate of 11.9 per cent.
Secretary of State for International Trade, Dr Liam Fox, said: “UK exports continue to grow and beat records across Europe, these new numbers published today highlight the quality and innovation of British goods and services and how much they are valued across the globe.
“From exports of our Scotch Whisky to our world-class cars, consumers all over the world are demanding British goods at unprecedented levels.”
He added: “My international economic department is confident British businesses will continue to excel as we leave the EU and will offer its full support to businesses with the same ambition.”
The UK is set to participate in the EU elections a week on Thursday. Who will you be voting for?
leave voters expressed their joy and celebration at the new boost for the UK economy and undoubtedly, Brexit.
A weaker pound could be seen as a catalyst for the UK experiencing a boost in exports. We currently import more than we export, this means the UK has a trading deficit.