[heero_yuy]

Originally Posted by Ignitionnet

Guess which currency area the UK's single largest export market is?

Some 15 per cent of our economy depends on sales to the EU, a further 15 per cent on sales to the rest of the world, and 70 per cent on the home market. Yet, for the sake of having a minority say in the rules of the EU, which accounts for 15 per cent of our economy, we apply the full burden of Brussels regulations to 100 per cent of our businesses.

This is the second shot in a new currency war. The first shot was fired by the Swiss when they knew what was coming.

No wonder the Swiss prefer a free trade agreement : while they sell, proportionately, far more to the EU than we do, they recognise that remaining outside the Brussels regulatory framework gives them a competitive advantage.

Source for quotes

And don't forget the positive distortion in EU trade figures by the Rotterdam Effect.

Rotterdam Effect: many British exports to non-EU markets are shipped through Antwerp and Rotterdam, thus showing up in the figures as exports to the EU.