Report: EU Lends Britain’s Exports No Benefit

EU membership has not given the UK any “insider advantages” in trade with other European countries, a report by social policy think tank Civitas says.

It says trade with fellow EU nations makes up no more of the UK’s trade with all top economies now than it did when it first joined the EEC in 1973.

The benefit of collectively negotiated EU free trade deals is also questioned.  The government says the EU share of UK trade has remained consistent because of a huge growth in other markets.  It seems to contradict analysis by the Confederation of British Industry.

BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.