Re:Brexit: MPs reject Theresa May's deal by 149 votes
by Androider on Tuesday March 12, 2019 @04:31PM
(#19372696)
It's a large market for both sides, but Brexit will hurt one much more than the other.
The UK exports ~50% of its goods and services to the EU. The EU exports 8% of it's good and services to the UK. The latter is in absolute terms the larger amount of goods and services, but the former is just a massive portion of total trade to have to suddenly replace or re-negotiate.
Think about it this way: SMB company A has to suddenly replace 50% of its customer base. Enterprise company B has to suddenly replace 8% of it's customers. I know which one I'd rather be!
The UK exports ~50% of its goods and services to the EU. The EU exports 8% of it's good and services to the UK. The latter is in absolute terms the larger amount of goods and services, but the former is just a massive portion of total trade to have to suddenly replace or re-negotiate.
Think about it this way: SMB company A has to suddenly replace 50% of its customer base. Enterprise company B has to suddenly replace 8% of it's customers. I know which one I'd rather be!