Trade
Fact checks around imports, exports and trade figures
Express overstates Brexit trade deal value, again
The Express claimed that post-Brexit, the UK has struck new free trade deals with 70 countries worth over £760bn. This is the total value of trade with these countries, not …
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Express vastly overstates impact of UK trade deals
The Express suggested that post-Brexit trade deals will deliver a £766 billion boost. This figure refers to the total value of trade between the UK and countries it has agreed …
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Is the UK really the EU’s ‘Treasure Island’?
The UK accounts for 69% of the EU’s goods trade surplus—but that’s a figure which could be misleading unless you understand exactly how it’s calculated.
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The government’s numbers on savings for wine drinkers don’t add up
The government estimated its new imports policy will save wine drinkers £130 million. An industry body puts the figure at around £30 million.
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The EU doesn’t have a 40% tariff on African food imports
This was claimed by MP George Freeman when outlining the UK’s commitment to developing nations.
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April’s trade figures fact checked
Covid-19 and Brexit mean trade volumes are incredibly volatile at the moment. We take a look at some of the claims about the latest data.
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Covid-19 vaccine exports and the UK
Companies in these countries have fulfilled contracts to export the vaccines to countries like the UK.
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Claim that extending the Brexit transition period could cost £380 billion is not credible
Most studies into the economic impacts of Brexit show leaving the customs union and single market will mean the UK economy is smaller compared to remaining.
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Claim that 7.7% of UK goods exports go to the EU is a big underestimate
The Express has misquoted figures on the UK goods trade with the EU.
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The government’s “£1.8 billion pay rise” from a US trade deal doesn’t outweigh the impacts of Brexit on wages
Analysis from the government estimates real wages after 15 years to be 6.4% less than had we stayed in the EU, but a US deal could counterbalance wages by 0.2%.
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