UK’s Eurozone exports hit new low

UK based companies exported £25.78 billion worth of goods in July with only £11.24 billion heading into the Eurozone. The full trade data from the Office for National Statistics also showed that exports of goods beyond the wider European Union States exceeded exports to the other EU countries.

With the emerging economies continuing to outpace the moribund European Union these figures are not surprising and of course unlike with the EU we do not have to pay billions of pounds in membership dues every year in order to be able to sell goods to the rest of the World!