OT: Customs duty, a cautionary tale
On 13/05/2021 17:43, Steve Walker wrote:
But it is a net benefit to the UK, as the balance of trade with the EU
is heavily biased to importing rather than exporting.
In 2019, UK exports to the EU were £294 billion (43% of all UK exports).
UK imports from the EU were £374 billion (52% of all UK imports).
So, the benefit is £16bn? Except that exports are down, as nobody can do
the paperwork.
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