Mudcat Café Message

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User Name	Thread Name	Subject	Posted
Iains	BS: Post Brexit life in the UK (6498* d)	RE: BS: Post Brexit life in the UK	14 Jul 18
"Talks of trade deficits with the EU taken in isolation are yet another example of statistical manipulation." The thread had kind of drifted away from EU/UK to a more general thesis that the wealth of the nation increases by the value of the goods received and counters to that idea. A trade deficit is only meaningful when considering total imports/exports. No One is going to argue with that! The only point of raising deficits in terms of UK/EU trade is to indicate that in monetary terms the EU risks more than the UK should negotiations fail, £302 billion/£242 billion in the last recorded year.

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