The Voice of Spalding and South Holland
There has been a string of positive economic Brexit news over the last couple of weeks which should be shared.
UK exports statistics released last week by the Office for National Statistics (ONS) showed UK exports rising 11.5 per cent to £625.9 billion in the past year, with service exports up 10.1 per cent and goods exports up 12.6 per cent.
The ONS described “strong manufacturing figures” as “leading the way in making the biggest contribution to growth”, as the UK manufacturing sector recorded its ninth consecutive month of growth – the longest stint of uninterrupted expansion since records began in 1968.
The UK’s trade deficit also shrank by £12.8 billion from £41.6 billion to £28.8 billion, a fall of over 30 per cent in a year, as goods exports rose in all parts of the UK.
A further vote of confidence in Brexit Britain came from Toyota as it announced that it will be building its new Auris model in the UK.
Also this week, the Treasury, IMF and OECD will be admitting they got their economic forecasting wrong – yet again – and will be upgrading their growth forecasts for the UK to figures in line with those predicted by Economists for Free Trade (EFT).
Brexit should be seen as a positive opportunity to promote the longer-term prosperity of the UK economy. There is a once in a lifetime opportunity to completely rebalance the economy as we benefit from a more competitive currency.
We can also look forward to a “Brexit dividend” of an extra £25 billion per year in spending when we exit the EU in 2019, rising to an extra £65 billion per year by 2021 as EFT outlined in their recent report ‘From Project Fear to Project Prosperity’.
Britain can look forward to a “Brexit bonanza” with extra spending on public services like the NHS, social care and our armed forces, as well as tax cuts to help hard working families and businesses.
The Vote to Leave the EU will not only give us back control of our country, but will also provide a massive economic boost for Britain as we prepare to enter the fourth industrial revolution.
Global Great Britain will be in an enviable position compared to our European competitors with a competitive currency, low tax, low regulation, high skills and high earnings economy that is well placed – flexible and innovative – to take full advantage of all the opportunities that our new economic model will provide.
So, let’s move forward together – leavers and remainers – in the national interest to secure the best trade deal with the EU and Brexit possible.
Craig Jackson
Vote Leave Constituency
Co-Ordinator
South Holland & The Deepings
