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Porsche warns UK customers of Brexit price rise - bbc.co.uk/news/business-… ... well, I know very few brexit supporters who could afford a Porsche and given that any tariffs will go to HMG, I'm not sure many will care. Buy a Nissan, Honda or Mini Clubman instead.
55% of UK trade is non-EU, we maintain a £41Bn positive trade balance and exports are growing.
45% of UK trade is with EU, where we maintain a £61Bn negative trade balance and exports have been declining since 1999. However, even these figures are distorted by Rotterdam effect.
45% of UK trade is with EU, where we maintain a £61Bn negative trade balance and exports have been declining since 1999. However, even these figures are distorted by Rotterdam effect.
The non-EU imports are themselves subject to third country duties. A good source of tariff information is provided by HMRC - trade-tariff.service.gov.uk/trade-tariff/s… - NB, 3rd country duties can be a % or a EUR / Kg ... it all depends on the schedule.
NB. import is collected for EC. AFAIK in 2017.
UK pays EU -£18.6Bn
UK collects -£3.5Bn in tariffs for EU
UK rebate of +£5.6Bn
EU spend UK public : +£4Bn
EU spend UK private : +£1.5Bn
Total trade balance : -£61Bn
Total flow of capital UK with EU (inc. Trade, excl. FDI) : -£72Bn
UK pays EU -£18.6Bn
UK collects -£3.5Bn in tariffs for EU
UK rebate of +£5.6Bn
EU spend UK public : +£4Bn
EU spend UK private : +£1.5Bn
Total trade balance : -£61Bn
Total flow of capital UK with EU (inc. Trade, excl. FDI) : -£72Bn
