Tuesday, July 16, 2024
Rees-Mogg and the Brexit Multiverse of Madness

Rees-Mogg and the Brexit Multiverse of Madness

The international delivery company ParcelHero says the new Brexit Opportunities Minister, Jacob Rees-Mogg, appears to be living in an alternate reality in his analysis of Brexit.

Last week, Rees-Mogg told the BBC that Brexit is “already a success,” has been “extremely beneficial for the country” and that “the evidence that Brexit has caused trade drops is few and far between”.

ParcelHero’s head of consumer research, David Jinks M.I.L.T., says: “Last week, the latest Office for National Statistics (ONS) Government figures showed UK exports of goods to the EU have fallen by a record £20bn compared to the last stable period of trading with Europe in 2018. That’s a 20% fall.

“Nor has Brexit encouraged trade with non-EU countries, as originally promised by Brexiteers. Total annual imports are £23.4 billion (4.8%) lower than in 2018 and total exports are £36.8 billion (10.5%) lower than in 2018.

“Obviously, Mr Rees-Mogg is hoping for the reality-bending powers of Marvel’s Dr Strange. That way, he could ensure UK businesses experience collective amnesia and forget that the ONS also says 67% of them are still experiencing challenges when exporting and 72% when importing. Supply chain disruption, new trade barriers and additional red tape caused by Brexit were cited as the main reasons.

“Mr Rees-Mogg would do well to learn the lesson of tampering with multiverses – with great power comes great responsibility. If the Brexit Opportunities Minister wishes to retain credibility with the business leaders he is supposed to serve, he should inform himself of the realities of UK-EU trade. Last November, an Institute of Directors survey revealed almost half of British businesses that traded with the EU pre-Brexit are now doing less trade with the bloc or have stopped entirely.

“If Mr Rees-Mogg still thinks that evidence Brexit has caused trade drops is “few and far between”, then perhaps struggling SME exporters deserve a Brexit Opportunities Minister who remains in our own dimension.”

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