“If we stay out, the dangers of falling further behind the core of Europe will steadily increase” Why Britain should join the euro, Britain in Europe, October 2002 But, far from behing “behind”, the UK is already ahead of the eurozone, and by a substantial margin. • The UK’s prosperity ranking has improved from tenth in 1998 [...]
An overview of British trade flows in 2001 and growth 1996-2001, based on the official United Kingdom Balance of Payments Statistics. Export Growth slowed in 2001 to 3% (compared with 18% the previous year) with exports of invisibles growing faster than exports of visibles. By Download Briefing Note: BN#23
Exports of Goods & Services to the EU account for 9.6 per cent of UK economic activity on the measure chosen by the Office for National Statistics to represent the weights of various sectors of the economy. This percentage is consistent with estimates of the proportion of all jobs related to the EU. By Download Briefing Note: BN#22
“Japan’s trade with Europe is done principally in Dollars...the Euro is not an international currency...there is no significant direct foreign exchange market between the Euro and the Yen...” Toyoo Gyhoten, Chairman of the (Japanese) Institute for International Monetary Affairs, former Chairman of the Tokyo-Mitsubishi Bank, interview in Le Figaro économie, 4th April 2002 By Download Briefing Note: [...]
Government statistics over-exaggerate the importance of the EU as a source of inward investment into the UK by sixty-six per cent By Download Briefing Note: bn#20
