During our ongoing discussions with people on street stalls surrounding the EU Referendum a number of questions keep coming up.
Below, Gerard Batten MEP dispels the myths created by the Remain campaign about the dangers of leaving the EU
1) Would leaving the EU endanger jobs and trade, and could the EU put up trade barriers against the UK?
When we leave the EU it cannot put up arbitrary trade barriers against the UK as that would against World Trade Organisation (WTO) rules, which all EU countries agree to and which govern world trade. And even if they could why would they want to? We have a massive trade deficit with the EU – they sell us far more than we sell them.
Britain currently exports goods and services to the EU to the value of £228.9 billion, whereas their exports to us amount to £290.6 billion: therefore we have a trade deficit with the EU of £61.7 billion. Germany, Spain, France and Italy etc.will still want to sell us their cars, wine and holidays etc. Trade will continue as normal. [i]
And remember, Britain is the fifth largest economy in the world and we are a world trading nation: and while we have a trade deficit with the EU we have a trade surplus with the rest of the world. Our trading success lies in four hundred years of experience; English being the international language of business and science; and the trust that foreign companies put in the English legal system and contract law.