New figures from the ONS on the UK’s international trade in services in 2016 show that “the European Union was the geographic area that saw the largest increases in total UK exports and imports of services with rises of £9.2 billion and £5.0 billion respectively in 2016.”
The report also highlighted that “the value of UK exports (excluding the travel, transport and banking sectors) to Europe have followed an upward trend in recent years and showed record growth in 2016 of 17.8%, rising by £10,567 million to a peak of £70,085 million.”
Commenting, Ian Murray MP, leading supporter of Open Britain, said:
“Services make up the vast majority of our economy and the EU is by far our largest services trading partner. No Government worth its salt would risk damaging this trade in services and any Brexit model that does so should not be touched with a ten-foot barge pole.
“This means putting British membership of the Single Market back on the table, as anything else will put British jobs and prosperity at serious risk.
“As new facts like these continue to emerge, and as the reality of the costs and complexity of Brexit become clearer, people have every right to keep an open mind about whether it’s the right path for the country.”
Notes to editors:
The full ONS publication can be read here.