| JRPGfan said: https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN06193 "In 2017, the financial services sector contributed £119 billion to the UK economy, 6.5% of total economic output." 1. Banking isnt a "goods" export..... so it wouldnt be on that list of yours.
https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7851 "The EU, taken as a whole is the UK’s largest trading partner. In 2017, UK exports to the EU were £274 billion (44% of all UK exports)." ^ with indirect ties its over 60%, I think I read somewhere. Things are gonna get difficult for the uk, with a hard brexit imo. |
And if you read further in the 2nd link of your post, it does not contradict what I posted ...
"The UK had an overall trade deficit of -£67 billion with the EU in 2017. A surplus of £28 billion on trade in services was outweighed by a deficit of -£95 billion on trade in goods."
Let's cut to the chase, the EU does not value the UK's financial services as much as the UK values the goods that comes from the EU and the ties between both mean very little since the EU has little control over the UK's food or energy supplies ...
The EU is mostly delusional and has nearly nothing going for it. There's no energy security since it imports more than half of the energy it consumes and the trading bloc hardly produces any of the modern digital electronics that it uses too ...
