This is extracted from a piece in the Telegraph by Liam Halligan:
Quote:
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The UK’s EU exports have fallen from 60 per cent of goods sold abroad 20 years ago to around 40 per cent now, despite the much-vaunted single market and customs union it would apparently be so disastrous to leave under a “clean break” Brexit. And non-EU trade is now not only the majority of our overseas commerce, but is fast-growing, in surplus and conducted largely under World Trade Organisation rules – the same rules covering the majority of all trade everywhere, which we’re constantly told would be so bad.
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If true then the trading levels provide an interesting discussion.