Taxing Growth

Post by graemep » Thu, Dec 11, 2025, 10:21 AM UTC

mytailorisrich wrote: post #56

graemep wrote: post #53

Earlier quoted context omitted.

> the reality is not so simple if that means taking a massive hit on 41% of our exports Is it actually 41%? Is it a massive hit? What is the economic impact of small trade frictions on a declining proportion of exports. The main reason for the decline is not Brexit, it is that the EU is a declining proportion of the world economy because Europe is the slowest growing region of the world. > This is the whole Brexit st…

In your strange haste to prove me wrong you have not taken the time to read my comment. Yes, currently 41% of UK exports go to the EU. The point is that we have a deal with the EU for access. But that might change. If we went low tax/low regs the EU may very well retaliate by putting barriers to trade with us. This would seriously hurt our exports (a "big hit"...). Hence, reality of being "free to do what we want" ou…

Post by mytailorisrich » Thu, Dec 11, 2025, 11:55 AM UTC

graemep wrote: post #60

mytailorisrich wrote: post #58

Earlier quoted context omitted.

Exactly as predicted you are now claiming that I am still wrong by picking a suitable timescale instead of discussing the point. As already said in another comment the graph does show a decline as 2024 is still below 2019, especially with a drop in 2023 (which corresponds to the highest annual population growth on record). I don't know why you are doing that (using narrowest possible interpretation of what I wrote to…

OK, so your claim of decline is true if you carefully pick the right timescale. I do not think that approach is reasonable. The UK economy (in common with other European economies) did badly in 2023 which proves what exactly?