What if the UK, instead of handing over its EU Budget Contributions to Brussels, had invested the cash in a British Sovereign Wealth Fund ? That fund would today be one of the biggest in the world. The financial crisis has brought neglected accounting matters, such as fiscal burdens, deficits & the debt total – that is to say, [...]
Economics & politics in the UK & Europe are combining to move the UK to the periphery of “Europe”, in spite of the pro-EU stance of the three main Westminster political parties. Threat or opportunity for the UK ? There is no certainty that the eurozone crisis can be solved. Chancellor Merkel, former President Sarkozy & former Prime Minister [...]
92 per cent of the UK Trade Deficit in the last five years was with EU-26 UK Trade with the world outside the EU is almost in balance The UK traded in deficit with nineteen of its twenty-six EU partners in 2010 Between 2008, when recession took hold, & 2010, UK exports outside the EU shrank [...]
In 2010, EU-27 stagnated; EFTA, NAFTA & Japan recorded significant growth In 2010, as in 2009, the UK was the eleventh most prosperous country in the EU The UK’s GDP per capita was only eleven per cent greater than the EU-27 average. French & German GDPs per capita were 13% & 12% greater than the UK’s; Danish GDP [...]
Only the USA, Germany & China exported more than the UK in 2009 • According to the IMF, the UK was the fourth-biggest global exporter of Goods, Services, (receipts of) Income & Transfers in 2009. Table 1: Leading Exporting Nations in 2009 Rank Nation Exports $bn [...]
