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The heart reality of Brexit
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From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters . |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters . "
Any logically thinking person will take the figures from the month of August, ignore all context, ignore all the months when trade declined, and take this isolated month to be representative.
Only the most woke leftist remoaners would even think to consider the wider picture, what this means and how it fits in to the long term economic landscape.
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
Any logically thinking person will take the figures from the month of August, ignore all context, ignore all the months when trade declined, and take this isolated month to be representative.
Only the most woke leftist remoaners would even think to consider the wider picture, what this means and how it fits in to the long term economic landscape.
"
And any logical leftie Brexiteer might just enjoy a brief glimpse of positivity, ignoring the wider picture for once  |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters . "
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right?"
You are correct. They are for a twelve month period. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
Any logically thinking person will take the figures from the month of August, ignore all context, ignore all the months when trade declined, and take this isolated month to be representative.
Only the most woke leftist remoaners would even think to consider the wider picture, what this means and how it fits in to the long term economic landscape.
"
. You will be bitterly disappointed. The figures are for a twelve month period. . |
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By *irldnCouple 28 weeks ago
Brighton |
"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period. "
Any rationale person would check their data with multiple credible sources rather than rely on an organisation like the ONS who have been proven to get things wrong so often. If you have a wide circle of friends and colleagues from across the social spectrum you would understand the reality felt by real people rather than woke civil servants in their ivory towers and spreadsheets. It is the patriotic thing to do to ignore all quantitative data and go with your gut feel and anecdotal evidence. Any sane person would then cross reference that with articles in the newspaper with the highest circulation figures and award winning journalists to ensure an unbiased and balanced view. |
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By *irldnCouple 28 weeks ago
Brighton |
"Strange thread title..
No mention of anything heart related in the op.. 
Maybe OP hasn't got one 
IM JOKING!
If he's got as many hearts as he has profiles it's a bleedin medical miracle..  "
A swingers forum is not the real world and any rationale person would know there are benefits to having different profiles to do different things. After all the huge British success story that is the Daily Mail, which has the largest newspaper circulation in the UK and attracts award winning journalists, has multiple websites to cater for the whole cross section of British society. It is truly inspiring and a lesson for us all. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period. "
Let's have none of this woke snowflake socialist talk and celebrate this out of context information. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information. "
Did you do any research into this?
Is it for 1 month or 12 months?
I'd like to know the context seeing as you're saying it's completely out of context. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Any rationale person would check their data with multiple credible sources rather than rely on an organisation like the ONS who have been proven to get things wrong so often. If you have a wide circle of friends and colleagues from across the social spectrum you would understand the reality felt by real people rather than woke civil servants in their ivory towers and spreadsheets. It is the patriotic thing to do to ignore all quantitative data and go with your gut feel and anecdotal evidence. Any sane person would then cross reference that with articles in the newspaper with the highest circulation figures and award winning journalists to ensure an unbiased and balanced view. "
Trade data comes from hmrc for goods. Which feeds the ONS.
The intrastat figures back them up.
The ons is good at reporting nominal figures.
What it's bad at is stripping out inflation
Nothing wrong with these numbers.
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By *deepdiveMan 28 weeks ago
France / Birmingham |
"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Any rationale person would check their data with multiple credible sources rather than rely on an organisation like the ONS who have been proven to get things wrong so often. If you have a wide circle of friends and colleagues from across the social spectrum you would understand the reality felt by real people rather than woke civil servants in their ivory towers and spreadsheets. It is the patriotic thing to do to ignore all quantitative data and go with your gut feel and anecdotal evidence. Any sane person would then cross reference that with articles in the newspaper with the highest circulation figures and award winning journalists to ensure an unbiased and balanced view.
Trade data comes from hmrc for goods. Which feeds the ONS.
The intrastat figures back them up.
The ons is good at reporting nominal figures.
What it's bad at is stripping out inflation
Nothing wrong with these numbers.
"
All good news - the UK is recovering from Brexit, COVID and the current uncertainty across the globe (Ukraine, Israel etc) well. Possibly better than their peers - I don't really know.
Statistics are great and can show many things. It all depends what information you take and over what period and what you compare it with.
I am looking forward to when the pound is strong (again) against the Euro as today at 1.15€ it is still poor (in my opinion) and that is with the UK having high interest rates which normally means that people invest in the currency.
I am sure that some will argue that 1.15€ to one pound sterling is a good rate but, to me, it isn't. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information. "
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on. |
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By *deepdiveMan 28 weeks ago
France / Birmingham |
"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on. "
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them."
That trade YoY is improving despite what was claimed. And despite us being outside the SM/CU |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them."
As a complete layman I think these are year on year figures. I can only assume they were quoted in reference to brexit because they show positive news about exports post brexit and beyond. The figures are from the ONS. I certainly do not understand enough about this but can give figures for yearly exports going back to 2016, only because that is what the ONS show on the front but assume older figures are available. The following is in £ billions for exports: 2016 = 575.6 / 2017 = 643.3 / 2018 = 679.7 / 2019 = 706.7 / 2020 (covid year) = 624.8 / 2021 = 676 / 2022 = 833.9/ 12 months to August 2023 = 882.8. Obviously the 2023 final figure won't be known until next year. I have copied the figures from the ONS figures and not sure the best way to interpret them though would say in general the figures going up is positive. |
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By *irldnCouple 28 weeks ago
Brighton |
"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them.
As a complete layman I think these are year on year figures. I can only assume they were quoted in reference to brexit because they show positive news about exports post brexit and beyond. The figures are from the ONS. I certainly do not understand enough about this but can give figures for yearly exports going back to 2016, only because that is what the ONS show on the front but assume older figures are available. The following is in £ billions for exports: 2016 = 575.6 / 2017 = 643.3 / 2018 = 679.7 / 2019 = 706.7 / 2020 (covid year) = 624.8 / 2021 = 676 / 2022 = 833.9/ 12 months to August 2023 = 882.8. Obviously the 2023 final figure won't be known until next year. I have copied the figures from the ONS figures and not sure the best way to interpret them though would say in general the figures going up is positive."
It would be interesting to see these figures set against intra-EU trade figures, other countries and their trade with the EU, and then worldwide trade figures to understand macro trends and whether this is an isolated and unilateral example of increased trade activity.
Also, are the figures adjusted for inflation? |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them."
Less of this realism wokery please. Can we focus on these short term figures in complete isolation and chalk them down to a Brexit success? |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them.
As a complete layman I think these are year on year figures. I can only assume they were quoted in reference to brexit because they show positive news about exports post brexit and beyond. The figures are from the ONS. I certainly do not understand enough about this but can give figures for yearly exports going back to 2016, only because that is what the ONS show on the front but assume older figures are available. The following is in £ billions for exports: 2016 = 575.6 / 2017 = 643.3 / 2018 = 679.7 / 2019 = 706.7 / 2020 (covid year) = 624.8 / 2021 = 676 / 2022 = 833.9/ 12 months to August 2023 = 882.8. Obviously the 2023 final figure won't be known until next year. I have copied the figures from the ONS figures and not sure the best way to interpret them though would say in general the figures going up is positive.
It would be interesting to see these figures set against intra-EU trade figures, other countries and their trade with the EU, and then worldwide trade figures to understand macro trends and whether this is an isolated and unilateral example of increased trade activity.
Also, are the figures adjusted for inflation?"
I would not know where or how you get such data on other countries but would assume they have an equivalent to the ONS. I guess you would also need to know if other countries report in the same way with the same formula. We do know that the UK is far further forward than first said and doing better than places like Germany. To me at least, the figures going up is positive. I suspect if they were going down then it would soon be pointed out. As for inflation, I simply do not know. It may or may not be adjusted for inflation which would also be true of imports. As I say I am no expert and as another poster mentioned about longer term and I had the site right in front of me, I posted the information. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them.
As a complete layman I think these are year on year figures. I can only assume they were quoted in reference to brexit because they show positive news about exports post brexit and beyond. The figures are from the ONS. I certainly do not understand enough about this but can give figures for yearly exports going back to 2016, only because that is what the ONS show on the front but assume older figures are available. The following is in £ billions for exports: 2016 = 575.6 / 2017 = 643.3 / 2018 = 679.7 / 2019 = 706.7 / 2020 (covid year) = 624.8 / 2021 = 676 / 2022 = 833.9/ 12 months to August 2023 = 882.8. Obviously the 2023 final figure won't be known until next year. I have copied the figures from the ONS figures and not sure the best way to interpret them though would say in general the figures going up is positive.
It would be interesting to see these figures set against intra-EU trade figures, other countries and their trade with the EU, and then worldwide trade figures to understand macro trends and whether this is an isolated and unilateral example of increased trade activity.
Also, are the figures adjusted for inflation?"
They're absolute figures.
So no adjustment.
Just the basic price.
The database available to see |
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By *deepdiveMan 28 weeks ago
France / Birmingham |
"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them.
As a complete layman I think these are year on year figures. I can only assume they were quoted in reference to brexit because they show positive news about exports post brexit and beyond. The figures are from the ONS. I certainly do not understand enough about this but can give figures for yearly exports going back to 2016, only because that is what the ONS show on the front but assume older figures are available. The following is in £ billions for exports: 2016 = 575.6 / 2017 = 643.3 / 2018 = 679.7 / 2019 = 706.7 / 2020 (covid year) = 624.8 / 2021 = 676 / 2022 = 833.9/ 12 months to August 2023 = 882.8. Obviously the 2023 final figure won't be known until next year. I have copied the figures from the ONS figures and not sure the best way to interpret them though would say in general the figures going up is positive.
It would be interesting to see these figures set against intra-EU trade figures, other countries and their trade with the EU, and then worldwide trade figures to understand macro trends and whether this is an isolated and unilateral example of increased trade activity.
Also, are the figures adjusted for inflation?
I would not know where or how you get such data on other countries but would assume they have an equivalent to the ONS. I guess you would also need to know if other countries report in the same way with the same formula. We do know that the UK is far further forward than first said and doing better than places like Germany. To me at least, the figures going up is positive. I suspect if they were going down then it would soon be pointed out. As for inflation, I simply do not know. It may or may not be adjusted for inflation which would also be true of imports. As I say I am no expert and as another poster mentioned about longer term and I had the site right in front of me, I posted the information."
You are being openly honest about the information you have posted and your comments which I respect.
I too don't know the full story but am positive that the figures do not tell the full story as they never do.
The important thing is that the economy is improving but we are unlikely to find out how well in comparison with our peers or since Brexit.
Unfortunately people (me included) want to believe what they expect to hear and the government wants to put out that what they are doing and have done has been positive.
Why would they do otherwise?
Credit to you in your honesty. |
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By *irldnCouple 28 weeks ago
Brighton |
"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them.
As a complete layman I think these are year on year figures. I can only assume they were quoted in reference to brexit because they show positive news about exports post brexit and beyond. The figures are from the ONS. I certainly do not understand enough about this but can give figures for yearly exports going back to 2016, only because that is what the ONS show on the front but assume older figures are available. The following is in £ billions for exports: 2016 = 575.6 / 2017 = 643.3 / 2018 = 679.7 / 2019 = 706.7 / 2020 (covid year) = 624.8 / 2021 = 676 / 2022 = 833.9/ 12 months to August 2023 = 882.8. Obviously the 2023 final figure won't be known until next year. I have copied the figures from the ONS figures and not sure the best way to interpret them though would say in general the figures going up is positive.
It would be interesting to see these figures set against intra-EU trade figures, other countries and their trade with the EU, and then worldwide trade figures to understand macro trends and whether this is an isolated and unilateral example of increased trade activity.
Also, are the figures adjusted for inflation?
I would not know where or how you get such data on other countries but would assume they have an equivalent to the ONS. I guess you would also need to know if other countries report in the same way with the same formula. We do know that the UK is far further forward than first said and doing better than places like Germany. To me at least, the figures going up is positive. I suspect if they were going down then it would soon be pointed out. As for inflation, I simply do not know. It may or may not be adjusted for inflation which would also be true of imports. As I say I am no expert and as another poster mentioned about longer term and I had the site right in front of me, I posted the information."
Agreed. Any positive news is good news and very welcome. Hopefully that trickles through the economy in a meaningful way so everyone can benefit. I would love it if the UK economy was flourishing despite brexit and indeed outperforming where we would have been inside the EU.
I want the Leave voters to be right and remain voters to be wrong. Although saying that, it isn’t/wasn’t only about the economy which is why the nature of the relationship with EU is so important. |
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By *coptoCouple 28 weeks ago
Côte d'Azur & Great Yarmouth |
“I am sure that some will argue that 1.15€ to one pound sterling is a good rate but, to me, it isn't”
Nor to me… there’s exchange rates and exchange rates, from the FT one that a broker might obtain on behalf of a major client, to the couple of euro that Fred and Flo might get from their bank to take on holiday to France. In MY real world, my income is in the UK, we live in France and need to transfer ten grand a month to my French bank account. On the 24th of this month, the FT rate was 1.1504, but if I’d transferred directly from my Barclays Bank to my French Bank I would have received 11,184 euro (i.e. their rate was 1.1184) less two lots of bank charges. I actually use a forex intermediary, the ten grand gets transferred to the most favourable European bank then to France. No bank charges, they make their money by giving me an in-between rate. It would’ve been 1.1287, I haven’t pushed the button yet, waiting to see if it might improve.
BUT, I’m losing at least three hundred euro a month than earlier this year so, like I say, 1.15 is NOT a good rate. As an aside, I also have interests in Luxembourg, and when I transfer 10,000 euro from France to Luxembourg, it becomes....... 10,000 euro.
But that’s exactly why the UK doesn’t like the euro and takes every opportunity to disparage it, that’s how Barclays et al make their money! |
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By *deepdiveMan 28 weeks ago
France / Birmingham |
"“I am sure that some will argue that 1.15€ to one pound sterling is a good rate but, to me, it isn't”
Nor to me… there’s exchange rates and exchange rates, from the FT one that a broker might obtain on behalf of a major client, to the couple of euro that Fred and Flo might get from their bank to take on holiday to France. In MY real world, my income is in the UK, we live in France and need to transfer ten grand a month to my French bank account. On the 24th of this month, the FT rate was 1.1504, but if I’d transferred directly from my Barclays Bank to my French Bank I would have received 11,184 euro (i.e. their rate was 1.1184) less two lots of bank charges. I actually use a forex intermediary, the ten grand gets transferred to the most favourable European bank then to France. No bank charges, they make their money by giving me an in-between rate. It would’ve been 1.1287, I haven’t pushed the button yet, waiting to see if it might improve.
BUT, I’m losing at least three hundred euro a month than earlier this year so, like I say, 1.15 is NOT a good rate. As an aside, I also have interests in Luxembourg, and when I transfer 10,000 euro from France to Luxembourg, it becomes....... 10,000 euro.
But that’s exactly why the UK doesn’t like the euro and takes every opportunity to disparage it, that’s how Barclays et al make their money!"
I am in a similar position to you (and also live in France) but use Currencies Direct to transfer between £ and €.
I wait until the rate is good before doing so (setting a buy order) but, the rate has not been good for some time.
I have enough across here for a number of years yet before I need to exchange more (the last time I transferred money I got 1.40 on a "buy" order but that was back in 2015 - I took full advantage of that rate!).
So, like you, I think the pound is weak and (I also think) reflects how it (and the UK) is seen globally. |
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By *ip2Man 28 weeks ago
Near Maidenhead |
"
Exports to the EU grew by 17.5 % "
Ugh, what a disgusting comment.
No mention of the extreme upset dished out to citizens of other EU countries in the UK.
The other day I met a German born woman who was so horrified by the papers the day after the referendum she realised the UK is not a place to bring up her child.
No mention of the upset dealt out to British in Europe who have had their freedom of movement ripped away.
No mention of the smashing of the UK's diplomatic reputation.
No mention of the peace effort of the EU. Having a rule of law instead of the confrontation by force that is in so much of Europe's history. To ignore that is totally shameful.
No mention of the demolition of the value of the pound, that has not recovered.
The NHS has relied heavily on EU staff. A lot of the stuff the NHS buys is paid for in euros or dollars.
No mention of the surge in bureaucracy hitting businesses - and the fact that more civil servants are needed to duplicate some jobs that were done by the EU.
No mention of the abandonment of farmers, whose markets were guaranteed by the EU - who now find themselves thrown under the bus by Tories who don't seem to be able to decide what they want.
The EU before with the UK as a member and now are different things.
This kind of not comparing like with like is the kind of dishonesty that we saw in the wretched referendum.
Trade figures before, with the rest of the EU were EU internal market figures. Exempt from customs paperwork and charges. Exempt from regulatory declaration and rules of origin.
EU trade was a domestic market and now a it's a foreign market. Counted differently.
No wonder figures are up a bit with some recovery after Covid perhaps.
It is an outrage. Who the hell promised customs delays and customs charges before the beastly so-called referendum?
They even promised that EU citizens would see no change and that turned in to apply or be made unlawful.
Shame on this country. No wonder it's wrecked. It's just another thing that makes things worse - as if Covid and climate change and Russia/Ukraine and now Israel/Gaza is not enough. |
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"
Exports to the EU grew by 17.5 %
Ugh, what a disgusting comment.
No mention of the extreme upset dished out to citizens of other EU countries in the UK.
The other day I met a German born woman who was so horrified by the papers the day after the referendum she realised the UK is not a place to bring up her child.
No mention of the upset dealt out to British in Europe who have had their freedom of movement ripped away.
No mention of the smashing of the UK's diplomatic reputation.
No mention of the peace effort of the EU. Having a rule of law instead of the confrontation by force that is in so much of Europe's history. To ignore that is totally shameful.
No mention of the demolition of the value of the pound, that has not recovered.
The NHS has relied heavily on EU staff. A lot of the stuff the NHS buys is paid for in euros or dollars.
No mention of the surge in bureaucracy hitting businesses - and the fact that more civil servants are needed to duplicate some jobs that were done by the EU.
No mention of the abandonment of farmers, whose markets were guaranteed by the EU - who now find themselves thrown under the bus by Tories who don't seem to be able to decide what they want.
The EU before with the UK as a member and now are different things.
This kind of not comparing like with like is the kind of dishonesty that we saw in the wretched referendum.
Trade figures before, with the rest of the EU were EU internal market figures. Exempt from customs paperwork and charges. Exempt from regulatory declaration and rules of origin.
EU trade was a domestic market and now a it's a foreign market. Counted differently.
No wonder figures are up a bit with some recovery after Covid perhaps.
It is an outrage. Who the hell promised customs delays and customs charges before the beastly so-called referendum?
They even promised that EU citizens would see no change and that turned in to apply or be made unlawful.
Shame on this country. No wonder it's wrecked. It's just another thing that makes things worse - as if Covid and climate change and Russia/Ukraine and now Israel/Gaza is not enough."
You seem to come across very emotive on this.
It was simply a cold hard fact. |
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters . "
Up in volume or in value and most importantly over what period? The period since Brexit? An increase of 10% in value over 3 years during which inflation has been running at over 5% would be a cut in real terms….
As a farmer I’m finding Brexit has been as catastrophic as I foresaw 
|
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"From the latest ONS figures
Trade up by 10.9 % with British Exports rising by 15. 1% and imports by 7 2 %. The trade deficit has narrowed to 20 billion.
Exports to the EU grew by 17.5 % so it seems that Brexit is not having a negative effect and in addition exports to non EU countries grew by 26 % .
This hardly suggests a economy in decline. It is clearly rebalancing after out departure from the EU and will soon be in surplus to the rest of the world if this trend continues. Pro Brexit economists have said this would happen and have been proved right.
A bit thank you to all the forward looking members of the electorate who vote leave and now have the economic data to back their decision. Well dome to 17.2 million voters .
I first thought these figures were comparing to the height of covid but if the page I found is correct then the figures are for the last 12 months. Have I got that right? You are correct. They are for a twelve month period.
Let's have none of this woke snowflake socialist talk and celebrate this out of context information.
If my original thought about the figures starting point being during covid then they would indeed be out of context. However these seem to be the latest figures covering the past 12 months. I also believe these are not predictions but actual results, though may be slighted revised as time goes on.
If these figures cover the last 23 months only then why are we discussing Brexit?
Why take a snapshot rather than a whole?
12 months shows what?
That the country is performing well but from what baseline?
Arbitrary figures show what the person who quotes them wants to show.
I must say (again) that I don't dispute the numbers, I only question what people are trying to demonstrate by using them.
As a complete layman I think these are year on year figures. I can only assume they were quoted in reference to brexit because they show positive news about exports post brexit and beyond. The figures are from the ONS. I certainly do not understand enough about this but can give figures for yearly exports going back to 2016, only because that is what the ONS show on the front but assume older figures are available. The following is in £ billions for exports: 2016 = 575.6 / 2017 = 643.3 / 2018 = 679.7 / 2019 = 706.7 / 2020 (covid year) = 624.8 / 2021 = 676 / 2022 = 833.9/ 12 months to August 2023 = 882.8. Obviously the 2023 final figure won't be known until next year. I have copied the figures from the ONS figures and not sure the best way to interpret them though would say in general the figures going up is positive.
It would be interesting to see these figures set against intra-EU trade figures, other countries and their trade with the EU, and then worldwide trade figures to understand macro trends and whether this is an isolated and unilateral example of increased trade activity.
Also, are the figures adjusted for inflation?
I would not know where or how you get such data on other countries but would assume they have an equivalent to the ONS. I guess you would also need to know if other countries report in the same way with the same formula. We do know that the UK is far further forward than first said and doing better than places like Germany. To me at least, the figures going up is positive. I suspect if they were going down then it would soon be pointed out. As for inflation, I simply do not know. It may or may not be adjusted for inflation which would also be true of imports. As I say I am no expert and as another poster mentioned about longer term and I had the site right in front of me, I posted the information.
You are being openly honest about the information you have posted and your comments which I respect.
I too don't know the full story but am positive that the figures do not tell the full story as they never do.
The important thing is that the economy is improving but we are unlikely to find out how well in comparison with our peers or since Brexit.
Unfortunately people (me included) want to believe what they expect to hear and the government wants to put out that what they are doing and have done has been positive.
Why would they do otherwise?
Credit to you in your honesty."
Thank you for the positive response. I obviously don't know if this was an article the the OP found but the only place I found it was from the ONS themselves. It is not the government putting it out there as such as the information is available to anyone at any time regardless of the figures and updated regularly. Maybe the OP can inform us all if they found it in an article or direct to the source |
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By *ermbiMan 27 weeks ago
Ballyshannon |
And now can this be attributed to Brexit. I don't get it.
The picture isn't risk in NI where the DUP are holding everyone to ransom where a province could do so much better with benefits of EU access and GB access. Instead we are in financial meltdown with services. |
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"And now can this be attributed to Brexit. I don't get it.
"
The UK economy has recovered some of the damage done by brexit. People who voted for Brexit are tired of looking at the stark reality that they were lied to, so are jumping on this as if it's some kind of justification for voting leave. |
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"And now can this be attributed to Brexit. I don't get it.
The UK economy has recovered some of the damage done by brexit. People who voted for Brexit are tired of looking at the stark reality that they were lied to, so are jumping on this as if it's some kind of justification for voting leave. "
I don't need to justify my vote, nor does anyone. |
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By *ermbiMan 27 weeks ago
Ballyshannon |
"And now can this be attributed to Brexit. I don't get it.
The UK economy has recovered some of the damage done by brexit. People who voted for Brexit are tired of looking at the stark reality that they were lied to, so are jumping on this as if it's some kind of justification for voting leave.
I don't need to justify my vote, nor does anyone."
The reality is very different in NI. People need to reflect that it is not rosy everywhere and it is a direct consequence of Brexit |
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"And now can this be attributed to Brexit. I don't get it.
The UK economy has recovered some of the damage done by brexit. People who voted for Brexit are tired of looking at the stark reality that they were lied to, so are jumping on this as if it's some kind of justification for voting leave.
I don't need to justify my vote, nor does anyone.
The reality is very different in NI. People need to reflect that it is not rosy everywhere and it is a direct consequence of Brexit"
To be honest is it rosy anywhere? In healthcare much of our supplies come from Europe, it's been a nightmare. However, if there's a glimmer of light of improvement, I'll grab it with both hands.
Too much shit going on in the world for us not to do so. |
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"And now can this be attributed to Brexit. I don't get it.
The UK economy has recovered some of the damage done by brexit. People who voted for Brexit are tired of looking at the stark reality that they were lied to, so are jumping on this as if it's some kind of justification for voting leave.
I don't need to justify my vote, nor does anyone."
... To themselves. Is what I had intended to convey. |
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