Brexit Britain’s exports to the USA have grown 1.6 times faster than our exports to the EU since 2016, latest analysis from GB News and Facts4EU has revealed.
ONS figures show Britain’s trade with America has grown 70 per cent since the referendum, despite Obama’s warning that Britain would ‘go to the back of the queue’ for a trade deal with the US if the nation voted leave.
UK exports to the USA are growing faster than exports to the EU
Facts4EU
This growth rate is over 1.5 times greater than the growth rate of our exports to the EU in the same period.
In a loss to the doom-mongering rejoiners, the ONS figures have also revealed Britain’s growing ability to trade with the rest of the word.
In 2023, 58.6 per cent of our exported goods and services- £505.0billion- went to non-EU countries, while the remaining 41.4 per cent- £356.3billion- went to the EU.
Proportion of UK exports to EU v Rest of World
Facts4EU
These findings come after GB News and Facts4EU revealed the USA to be Britain’s most important trading partner by some distance last week.
America bought £186billion worth of goods and services in 2023 alone, three times as much as Germany - the EU’s largest economy - who came in second place on £63billion.
America's largest physical import from Britain was medicinal and pharmaceutical products (£8.2 billion), followed by cars (£7.5 billion), mechanical power generators (£5.3 billion), scientific instruments (£2.5 billion) and aircraft (£2.3 billion).
These numbers were dwarfed by services imported to America from Britain.
'Other Business Services' accounted for £58.0 billion worth of trade, 'Financial Services' at £29.1 billion, 'Insurance and Pension services' at £11.5 billion and 'Telecommunications, computer and information services' at £8.8 billion.
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For this reason, many commentators in Britain have urged Starmer and his colleagues to apologise for their contemptuous criticism of Trump during their time in opposition and rebuild bridges with the world’s most powerful nation.
Derogatory remarks include: “Humanity and dignity. Two words not understood by President Trump,” (Starmer), “Trump is such an odious, sad, little man. Imagine being proud to have that as your President,” (Streeting), “Trump built his campaign for the Presidency on vitriol and abuse,” (Cooper) and “Oh yes, Trump’s a racist bigot,” (Miliband).
Most famously, Foreign Secretary David Lammy called Trump a “neo-Nazi sympathising sociopath” and said: “Donald Trump lies more times a day than the average person goes to the bathroom. Unsurprising given that all that comes out of his mouth is utter pooh.”
Labour’s childish, student politics rhetoric, in part employed to bash the Tories during Trump’s state visit, could come back to bite them as Trump returns to power, commentators have said.
Some have even called on Starmer to accept Nigel Farage’s offer to broker the peace between Labour and the Republicans, especially in light of how important Trump’s America is to our trade.
It is the British people who could feel the effects of Labour’s toys-out-the-pram attack on President Trump as he gears up to run the world’s most powerful country, potentially affording Britain no favours if he remembers the fierce attacks made by Starmer’s cabinet.
Nevertheless, these figures appear to show that losing a place in the EU’s single market has not harmed British trade as much as the naysayers proposed.
