Originally Posted by
Muchthemillersson
Another issue that we don't seem to be facing is that we have a trade deficit with the EU of £80 billion per annum. We buy from them £80 billion more goods than they buy from us EVERY year. That means two things. One is that it is a substantial export of British jobs into the EU that our politicians should be seeking to reverse by bringing our trade with the EU back into balance.
The other one is one of simple arithmetic. Let's say you are a household and you chronically spend more than you earn every year. What happens? You have a deficit on your income account and it has to be made good from your capital account. First your savings go; then you borrow; then you sell your assets. It's just the same with countries. If you perpetually buy more from overseas than you sell you have to borrow money, then you have to sell assets to make up the cash flow. There are only so many Premier League football clubs, water companies, gas companies, electricity companies, London properties and so on. Eventually there will be nothing left. What next? Whatever next? The government MUST take back control of our trade policy and bring our EU exports back into line with our imports as indeed they are with the rest of the world.