And I didn’t know what your post was supposed to mean, yup majority of our petrol prices are made up of tax, so what, I think that tax on petrol etc is better than tax on earnings.
Tax on fuel raises the price of everything as everything needs to be transported…
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So much has changed, how can someone post a benefit against a consistently changing Backdrop?
I thought it was you saying this. Seems not. Try harder.
But it is excellent news that our PM has never been more “optimistic”. I have high hopes. I truly want the UK to do better. Really. Truly. Not joking. My savings depend on it.
My only concern is that in my experience optimism is not the same as a plan or clarity or certainty. Optimism is a bit more like assumption. And you know what they say…
We can only hope.
We need to escalate this to “GLOBAL” discussing an individual countries progression is just stupid!!!
Well, that must lead to a biased conversation.
Fair point but surely pretty much all of us have a similar vested interest in the no-going success of the UK’s economy. So we all suffer from the same bias, do we not?
Yup and we’ve always had high petrol prices due to taxes so really can’t see why this was brought up on a thread discussing Brexit.
It’s the same with our domestic fuel prices.
Somebody brought it up
Whenever I hear this I feel a sense of impending doom.
That sense of doom won’t last that long. The PM is already starting talks with the EU to improve the trading relationship between them and the UK. This is the slow, slow turn away from the hardest possible Brexit (still longed for by a minority). When the tories are kicked out of government in the 2024 election the pace of change back to a closer relationship with the EU will pick up. It is inevitable, already understood as necessary (except for by a minority) and will mark the turnaround of the UK’s economic situation.
Note, I’m not suggesting any rejoining of the EU, that has been kicked into the long grass for many, many years.
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The post before mine was:
Diesel is much cheaper in Europe .
So no I didn’t bring it up and as I say I can’t understand what that post had to do with Brexit.
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Diesel is so expensive in the UK because of UK taxation its nothing to do with the EU, it never has been.
The cheapest diesel is outside the EU anyway, countries such as Turkey, USA South Korea etc.
I agree with Wendeey, I don’t understand what this has to do with Brexit.
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The UK now trades with the rest of the world more than it has ever done. We trade less with the EU as a result of leaving the block and reduced our reliance on it. The EU customs union and single market are less relevant now than they have ever been.
In other words, our trade with the rest of the world has never been higher as it has now.
Win !
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Might you care to place some specific numbers here? Just round it to the nearest billion up or down, ta.
1998 - Exports to non-EU was about £112 Billion (46% of UK GDP) - 54% to EU
2023 - Exports to non-EU was about £475 Billion (58% of UK GDP) - 42% to EU
Source - ONS
Ta da !
What does the EU GDP figures look like now the UK has left the block ?
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I used to love numbers, since Brexit I don’t.
A master stroke for binning the NI Protocol would be for the DUP to unite with Reform. That way in a hung parliament the Tories know they could never count on them for a majority and put more pressure on them to bin it.
Its good of you to share and to cover such a long time line. It shows the shift away from a high EU trade percentage to around 42-44% of all exports has been going on for many, many years.
To be clear, it is very good news that UK’s exports have increased in the last year or two.
The EU is a declining market for the UK and the rest of the world.