Comments by "Greg Greg" (@SlowhandGreg) on "Brexit BOOM: Britain crowned world's FOURTH largest exporter ahead of JAPAN" video.

They'll be reporting the truth physical exports fell by 4.6% in real terms imports fell by 7.4% in real terms service exports increased but Bloomberg analysts maintain they would have been higher without Brex i t London is OK the rest of the country is in recession
8
Goods exports are down 4.6% in real terms adjusted for inflation and service growth has been suppressed quote from Bloomberg How, then, can we account for the strong UK services export growth compared to the G7 average? The answer is – again – that it is important to consider the right counterfactual. If we account for rising demand for services exports, we see that British exports should have performed even better than they did.
8
It is goods exports are down by 7.4%, services are up but we should have done even better Last few years the banks have moved over 1 trillion in deposits from London to the EU Outside London the economy is completely fked
6
@garrywynne1218 Only because you don't understand trade and integrated on demand supply chains.
3
@LIONS1966 The only viable so called successful Brexit was the deregulated free market Singapore on Thames the problem with that was the EU shut it down the day after the referendum and it creates huge wealth for 10% while 90% are low wage serf labour which isn't very popular with 90% of the new underclass. Also this version had unlimited legal migration (bit like what the Tories have done anyway).
3
@garrywynne1218 What's your point? The figures indicate a slight rise in real terms for the service economy (London) while the rest of us are getting poorer. Trade friction especially effects small businesses and SMEs account for three-fifths of the employment and around half of turnover in the UK private sector.
2
@garrywynne1218 quote 11 May 2023 — The EU accounted for 47% of UK goods exports and 36% of services exports. 48% of the UK's imported goods and 47% of imported services The primary issue here is if just 1 component goes through the EU supply chain your whole assembly is dependent go stick your head in the sand where it belongs
2
@garrywynne1218 so to sum up before we left the EU I could order a £5 spare part and have it delivered next day now I have to wait till I need a palette full to make it economically viable or I pay £55 for it and charge the customer +50£ for it and wait 5 weeks till it arrives.
2
@garrywynne1218 You know I have a friend who's young lad plays in a showband, they used to tour France during the summer season. When are you going to get the balls to stand up and say I was wrong and Sorry to people like that? The Tories promised you 100,000 net you've now got 750,000 a primary cause is leaving the EU, boat crossings have exploded who would have thought working with our EU partners on a common problem would be the best way forward. Leaving for the Elites was never about migration they will tell you any tale that you will swallow just like Reform are doing now and like GBN are spinning. All they cared about was a deregulated City and the rest of the country could burn as far as they were concerned.
2
@Fan-nothing no it hasn't the service economy is mainly border-less and not subject to trade friction
2
@richardgallagher4880 stayed where? There population has shrunk nominal gdp is a meaningless comparison As is our gdp we handed out 1.25 million visas
1
@garrywynne1218 My point is brexit is an economic disaster of biblical proportions that neuters SME's especially the lifeblood of any economic recovery. What you see is stats based on the service economy of the city while everywhere else is in recession. That recession is pumped up with 1.25 million visas to hide it's impact as gdp per capita falls through the floor lowering everyone's disposable income
1
@garrywynne1218 we used to have an on demand supply chain as part of the EU, as an SME making value added products you'll get components from all over the place but here's the rub. The bulk of your east Asian supplies get landed in the EU and are distributed from in the EU to outside, there not technically EU products but are part of a multi trillion supply chain. Your goods now are subject to restrictions paperwork and red tape, everything will get more expensive take longer to get and the added value component is now subject to tarrifs if it goes back into the EU as a component for something else. Basically we will be back in some form of single market within 3 election cycles because SME'S can't compete like this and can't grow OR businesses that employ 60% of the population that have integrated supply chains will fold.
1
@garrywynne1218 FOM was never a problem there was nothing stopping any UK government regulating its own labour market, my brother lives in Norway they have FOM but have low migration because its regulated + has minimum wage & support for domestic workforce to both retrain and relocate. Look in 2010s Cameron made an active choice not to regulate the gig economy, Norway don't have zero hour contracts and any company trading in Norway has to be Norwegian, no off shoring. Uber were actively encouraged to recruit low wage staff on zero hour from Eastern Europe and OffShore profits. A taxi or cab drivers gdp is now undercut his job replaced with all profits going offshore out of the working economy The Conservatives and Reform both support free market deregulated economics People are also quick to blame Blair but he had to move to the centre and adopt the free market ethos of Thatcher to get elected, even then by having a robust minimum wage and an education program we saw immigration but not huge numbers and they were electricians, carpenters general trades people in my neck of the woods.
1
@garrywynne1218 in your opinion one that isn't backed up by economic data or the wider economic community, all your looking for is confirmation bias you don't care about the 10's of thousands of businesses you ruin or the damage its doing to the country
1
Exports of goods fell by 4.6% in real terms the London service economy is fairly Border-less even so it should have done better synopsis London is OK the rest of the country is still in a deep post brex 1 t recession
1
Brexit has screwed over our physical goods exports and imports and suppressed our service growth but hey why use real data when you can just make up your own narrative Quote "How much has the UK trade volume decline? After adjusting for inflation, the total imports of goods decreased by £37.8 billion (7.4%) in 2023 compared with 2022, while total goods exports fell by £15.2 billion (4.6%).1 Mar 2024" Quote "How, then, can we account for the strong UK services export growth compared to the G7 average? The answer is – again – that it is important to consider the right counterfactual. If we account for rising demand for services exports, we see that British exports should have performed even better than they did."
1
@uingaeoc3905 It's service growth and it's lower than it should be anyway outside of London the regional economies are contracting with goods exports down by 7.4%
1
It is goods exports in real terms are down by 7.4% and service growth is suppressed quote from Bloomberg How, then, can we account for the strong UK services export growth compared to the G7 average? The answer is – again – that it is important to consider the right counterfactual. If we account for rising demand for services exports, we see that British exports should have performed even better than they did.
1
@uingaeoc3905 I used to work in the service sector (software technical analysts) my company relocated to Amsterdam and Poznan in 2018 because of Brex1t. One of the guys at tennis has an Small manufacturing business they've gone down from 20 to 12 staff with exports world wide shrinking by 20% due to supply chain issues and trade friction. The local craft gin distillery saw it's export market vanish overnight. Were a small northern town and that is a huge amount of money disappearing from the local economy. there is only so much of this death by a thousand cuts we can take. so stop trying to justify the worst trade deal in political history.
1