Thread by @TonysAngle

On UK trade arrangements after Brexit, we need more clarity from the Govt. on SERVICES, in which UK is leader (both financial & non-financial services). Chequers plan focuses on goods #R4Today @MishalHusainBBC 1/5

EU accounts for more than 35% of UK's services exports (> share exported to US). This vastly exceeds the shares of the smaller economies (Oz etc.) with which UK is seeking post-Brexit trade deals #R4Today 2/5

The majority of the UK's services exports are in non-financial services (approx. 70%+). That's legal services, media, architecture, tech etc which provide good & mostly well-paid jobs. These services exports are growing (c. @ONS) #R4Today 3/5

UK runs consistent trade surpluses in non-financial services, inc. many services traded with the EU. Yet, Govt. "ambition" is to leave the European single market in services. #R4Today 4/5

And UK financial services, in which UK runs steady trade surpluses with Europe, provides thousands of jobs & much tax revenue. Yet, Govt. intends to leave the single market. #Brexit debate over-focuses on goods & not enough on Brexit's harm to trade/jobs in SERVICES #R4Today 5/5