Kaz, you might want to read the government
report on medicines post Brexit.
Especially the parts about:
Existing zero tariffs
The fact that all signatories (including the EU), extend zero tariffs to ALL WTO members. Yes we are a member of the WTO. In fact we are a Founder member of the WTO.
The fact that there are 446 million people in the EU who rely on UK medicines reaching them for their health. Now there are only 550 million people in the EU, so that is a pretty BIG impact.
You might also want to dig a bit into the detail and stop looking at percentages. We sell 11.9bn to the EU. The EU sells 18.2bn into the UK. However the figures diverge there. The EU sells 37 million packs to the UK for that 18.2bn. The UK sells 45 million packs to the EU for that 11.9bn. Which means that we are sucking in very expensive medicines from the EU. Medicines we could source from elsewhere in the world if needed.
As for the 73% figure not being Project Fear? Hahahahaha clonk. That was me laughing my head off.
The figures from a two year, long running, government investigation by a cross party committee, shows us that:
We export 24.9bn of our 41.8bn pharma sector. Or 59.5% of our pharma capacity by value
We export 48% to the EU And 52% to the rest of the world.
We import 24.8bn of our 41.8bn pharma sector. Or 59.3% of our pharma capacity by value
Of those 59.3% we import, 73% comes from the EU.
73% of 59.3% is 43.3%.
Yes it is still a significant number. But, remember, that is by Value. Remember, also, the figures of packs. We export 8 million more packs of drugs to the EU than we import from them.
We also have to remember that not All of these medicines are life saving.
So we are down to 43.3% of value of all medicines, 8 million less packs than we export to the EU themselves and no actual numbers on how many of those medicines are vital life saving medicines. If it is more than 50% I would be highly surprised as a lot of these don't travel well and need to be made in the UK as they degrade very quickly. But, anyway, let's go with the 43.3%.
Now let's see about the tariff's and what they mean. So AstraZenica say they'll be hit with about 150 million in extra costs. Let us put that into perspective. AZ has around 110,000 staff. If the average wage is 10,000, then the annual wage bill is 1.1 billion pounds. Tell me you don't believe their average wage is 10,000 a year, because I can tell you it is not.
So, in reality, tariffs are very low, the drugs which are manufactured for the EU are less than 29% of our business but are sold to more than 80% of the EU population. Drugs from the EU are 43.3% of our drugs business, by value and we have no idea just how many of them are life saving. But, at worst, it would be 43.3%.
Now I'm not going to say that 40 odd % is not a problem. It is. But it is hardly 3/4 of our life saving drugs failing to be delivered the day after Brexit because nobody will sell them to us any more.
YES it is Project Fear. NO the doctor had no clue what he was talking about. YES you have been Had!
I'd ask why you continue to believe these things, the picture is bad enough without people spouting the wrong figures. But bad enough is manageable. However people who don't want to leave don't want manageable, they want outrageously unmanageable disasters so that we'll all fold and agree to remain.
It's not happening and statements like this won't make it any more likely.