What did Brexit ever do for us?

Here’s 50 benefits to consider!

#8 Brexit allows the UK to provide aid through trade with the new Developed Countries Trading Scheme (DCTS)

In 2023 the UK Government introduced its new Developing Countries Trading Scheme (DCTS)to provide aid through trade with 65 developing nations – going further than EU schemes. This would not have been possible inside the EU as member states cannot have their own tariff rates.

#7 The UK has been able to reduce trade barriers with LATAM better from outside the EU

In the FY ending March 2023, in just the LATAM region, the UK was able to remove 34 trade barriers to UK exporters - with 24 of these having been forecast to be worth £1.3 billion to the UK economy. These changes would not be possible from inside the EU.

#6 Leaving the EU allowed the UK to eliminate trade barriers costing billions a year

In the year to March 2022, the UK trade department managed to resolve 192 tariff barriers across 79 countries. Just 45 of those 19 barriers were estimated to be worth an extra £1 Billion a year to UK businesses (around 0.03% of GDP in 2022).

#5 The UK can now trade in Swiss equities again, thanks to leaving the EU

EU members cannot trade in Swiss equities, due to a ban put in place in 2019. The UK was able to return and expand this trading, which is worth about £1.6bn a day, and so about £8m a day to HMRC. That's just over £2bn a year in additional tax revenue.

#4 Brexit means that 100% of customs revenue goes to HMRC, not to the EU coffers

As an EU member state, 75% of *all* customs revenue (it was 80% when UK was a member)  goes to the budget of the EU. Now outside of the EU, the UK HMRC gets 100% of that revenue  to spend on public services, currently around £2-3bn extra a year.

#3 Brexit has allowed the UK to join the geostrategically important CPTPP trade agreement

With Brexit, the UK has been able to realign with those markets projecting the highest growth over the coming decades, instead of being tied to a bloc projected to see a decline in relevance - with accession to the 11-nation CPTPP as an example of this Indo-Pacific tilt.

#2 Brexit allows the UK to have better and more trade deals than possible in the EU

The UK has improved rolled over deals with Japan, Singapore & Ukraine — and is in progress with Mexico, Switzerland, Israel, Turkey & South Korea. Brand new deals with Australia & New Zealand, and is also in progress with India and the six-nation Gulf Cooperation Council (GCC).

#1 The UK has the EU’s trade deals, but doesn’t have to pay the EU for them anymore

The UK previously had access to around 43 active trade deals as part of EU membership – a membership that, as one of the largest net contributors it paid billions each year for. The UK has replicated all but 3 of these (Bosnia, Montenegro, Algeria)