John Redwood’s latest blog refutes the myths on losing EU trade
“I wish to reassure our German friends. I see no need to impose a charge on Germany to go on selling us so many goods if we leave the EU.
In return for this friendly and comradely act, I am sure the Germans would not seek to impose a charge on us for importing their vehicles, or for selling them a few back. The Germans know they sell us twice as much as we sell them.
There is no need to pay a surcharge to buy their imports in the form of sending a contribution to the EU budget. We do not have to send a contribution to the US or Chinese budgets in order to trade with them, though they are both bigger and more powerful than us.
The UK voters will be happy to carry on trading with the rest of the EU on the same basis as today if we leave the EU treaties. We are not seeking to leave to take our deficit elsewhere. We will not want to seek to find Asian or American sources for goods we currently buy from the European continent.
The day after we leave everything will carry on as before with our trade. The only difference will be that both the EU and the UK will be able to negotiate changes bilaterally to our arrangements, and the UK Parliament and people will have the last say on the line the UK takes in any negotiations. The UK will gain its place on the World Trade Organisation. Both the EU and the UK will remain bound by WTO obligations to keep tariffs down and markets open. The best way of proceeding is to keep in place current trade arrangements until we negotiate better ones.
Germany has made clear they would not wish to face a special 10% tariff on car exports to the UK. We would not wish to impose one, and assume Germany with the rest of the EU would therefore not impose one on us.
Our trade is not at risk from Brexit. Scaremongering by some pro EU people shows how devoid of positive arguments they are to persuade us to stay in.”
Click here to read this piece in John Redwood’s Diary.