Hmm, the doomsayers of the referendum are, yep, doomsaying. I'd like to say "I won't fall for that one again", but, surprise, I didn't fall for it in the first place.
So let's see. Who is the UK's largest trading partner for export??
That would be the United States with £45bn in goods in 2015. (But even then these figures are extremely difficult to present, the ONS doesn't even include travel, transport or _Banking_ in its services stats. If you include all services, the export trade to the US, in 2014, was £88bn.)
But, NO, they say, it's Germany. Actually I said "for export", you know selling our goods. We only import £35bn in goods from the US making the UK a net importer to the US.
Will that be threatened if we fall back on WTO rules? Erm, no, because the EU doesn't have a trade deal with the US and we already trade with them on WTO rules.
Next fun stat. We export more goods to Switzerland than we do to:
Spain, Poland, Sweden, Czech Republic, Denmark, Austria, Hungary, Portugal, Finland, Romania, Slovakia and Greece; combined!
One deal with Switzerland and we get that export trade protected.
What does it say about the trade deals with Switzerland and the EU?
Switzerland's economic and trade relations with the EU are mainly governed through a series of bilateral agreements where Switzerland has agreed to take on certain aspects of EU legislation in exchange for accessing the EU's single market.
I.e. no overarching formal treaty. In fact Schengen is in danger of a 100,000 signature challenge in the parliament as it is breaking down quality of life by dropping the real rate of wages, often illegally.
The EEA have free trade agreements with
Albania,Bosnia and Herzegovina,Canada,Central American States (Costa Rica, Guatemala and Panama),Chile,Colombia,Egypt,Georgia,Gulf Cooperation Council (GCC),Hong Kong, China ,Israel,Jordan,Korea, Republic of,Lebanon,Macedonia,Mexico,Montenegro,Morocco,Palestinian Authority,Peru,Philippines,Serbia,Singapore,Southern African Customs Union (SACU),Tunisia,Turkey,Ukraine
Of those 27 we would need about 10 in order to protect the vast majority of our non EU exports. Of those 10 two are already in the Commonwealth of nations and could be easily negotiated. Of those 27, I challenge you to find One and I do mean One which allows the ECJ to rule on any disputes, including free movement of people. Free movement is, in every case I looked at, controlled by WTO rules.
To get a better picture of how our exports and imports go, this picture gives a clearer one as it includes services even though it comes from 2014. However, bear in mind this has moved further from the EU in those 3 years.
I'm not saying that this is going to be easy. What I am saying is that it is not a foregone conclusion that the UK economy is going to fall off a cliff. Only if the government does nothing, agrees no trade deals and bows down to the EU, will that come to pass. Nothing I have heard so far tells me that will be the case.
More fearmongering.
The upside? We're leaving the EU, regardless and once we are out we can decide to rescind any deal we made in the exit, simply by unilaterally cancelling it. Hence the €100bn bill. They know we're going to dump them so they want us to pay for it up front before we do.