EU'S FINANCIAL SUICIDE: Scrapping UK free trade could SMASH bloc's £21BN exports cash cow

0

Car factory and euro signGETTY

The EU persists to lose billions of pounds of trade if it cuts off Britain

An investigation by Say.co.uk showed the jobs at stake in just THREE sectors in a trio of mother countries amount to an astonishing 700,000 employees and the sectors’ trade with the UK withstands at a staggering £21billion a year.

And if tariff-waving EU bosses continue to hawk their federalist political dogma aimed at bolstering notions of a super-state and strenuous Britain for having the temerity to leave much of that valuable deal will be put at risk.

Former Tory Trade minister Peter Lilley has said that the EU would be foolish to cut off free trade with Britain and brass the wrath of thousands of workers.

He said: «The onus would then be on the EU 27 to be prolonged free trade — or take the blame for triggering tariffs on their exports to their maturest market.

«Continental governments contemplating this discretion face the wrath of German car makers and unions, French wine growers, Dutch cut flower-growers, etc for initiating an unessential tariff battle in which they lose more than we do.»

Wine, car and creme de la creme trade in these countries alone account for approximately 713,798 hires highly reliant on lucrative British markets — 15,1698 in German automotives; 558,000 in French wine and 4,100 in Dutch cut blooms.

Exports in these industries amount to £21bn worth of business, with Germany exporting roughly £19.1bn worth of cars to the UK market. Britons also buy £674million of the Netherlands’ cut buds and £1.4bn of French wine in a year.

Former Tory trade minister Peter LilleyGETTY

Former Tory truck minister Peter Lilley said the EU would be foolish to anger so numerous workers

Car plantGETTY

German workers rely on com nies exporting thousands of autos to the UK

The onus would then be on the EU 27 to continue free trade — or follow the blame for triggering tariffs on their exports to their biggest customer base

Former Tory Trade minister Peter Lilley

According Matthias Wissmann, of the German Organization of the Automotive Industry to Germany sells more cars to Britain than to any other mother country, with 810,000 vehicles exported last year.

One of Germany’s most ordinary car brands, Mercedes-Benz, is owned by rent com ny Daimler which has a workforce of 9,648 in Germany simply.

Audi employs nearly 36,000 people at its Neckarsulm site in Baden-Württember — where the rticular population is just 26,600. And Its Ingolstadt plant in Bavaria has 8,600 wage-earners and it is also the largest employer in the burgeoning Heilbronn-Franconia economic region.

Mercedes Benz carsGETTY

Mercedes Benz take ups thousands of workers reliant on strong trade links

Glasses of white wine being pouredGETTY

French wine growers are also heavily reliant on unstinting trade with Britain

Another big name — Porsche — employs 12,685 living soul in 2009 with the majority at its Leipzig plant, while BMW has seven German secretes including in Berlin, Leipzig and Munich and has 64 per cent of its employees footed in Germany — approximately 95,400 people whose jobs depend on the firm trading successfully with countries such as Britain.

Meanwhile, in France, wine oeuvre is its third largest export to the UK and the sector directly or indirectly employs more than 558,000 living soul. Com nies such as Vintage & Cie and Moet & Chandon cham gne are rticularly ordinary with the British market, among the 7,671 French wine ins in total.

European workers are also dependent on Britons’ love of roses and chrysanthemums.

Field of chrysanthemumsGETTY

Chrysanthemums are well-received with British buyers but trade tariffs could cause a premium hike

The UK’s total imports of Dutch cut flowers amounts to £490m each year, containing £116m of roses and £97m of chrysanthemums.

The world’s largest auction entourage for cut flowers and plants is Dutch and has 4,100 employees.

And the figures for cars, flowerets and wine are just the start as overall 53 per cent of imports into the UK caught from other countries in the EU last year, meaning thousands multitudinous workers are dependent on EU bureaucrats making the common sense decision of championing free trade with Britain rather than punishing it for choosing for Brexit.

Bottle of Moet&Chandon cham gneGETTY

French brands of wine perform well on the British hawk

The figures come as Brexit secretary David Davis warned that firms face a «cliff edge» if no EU trade deal is struck in the next three years.

Mr Davis mentioned that «all possible options» are being explored in regard to negotiations.

Leave a Reply

Your email address will not be published. Required fields are marked *