The top 10 EU member states are suffering as a result of Brexit, according to a new analysis.
A new analysis reveals which EU countries have suffered the most as a result of Brexit.
The financial havoc that losing the United Kingdom has inflicted on the EU’s members was revealed by Facts4EU.Org. Germany, unsurprisingly, was the largest loser, with its economy falling £12.2 billion in the last year compared to 2016, the year of the referendum vote.
Belgium (£3.7 billion), France (£3.3 billion), the Netherlands (£2.7 billion), and Spain (£2.6 billion) came in second and third, respectively.
The website also revealed that UK customers spent £28 billion less on EU goods last year than they did the year before the referendum.
Sweden was ranked sixth, with a £1.2 billion deficit, according to figures from the Office for National Statistics (ONS).
The Czech Republic (£1.1 billion), Italy (£0.7 billion), Slovakia (£0.4 billion), and Portugal (£0.4 billion) came in second and third, respectively.
The website argued that the drop in trade was not due to a “Covid effect” or additional border procedures.
“As the EU’s largest economy, it is unsurprising that Germany has lost the most in terms of financial totals,” it added in a statement.
“If there is a trend away from buying from EU countries, an EU country that exports more loses more.
“As a result, the actual totals in pounds can hide the impact on specific countries.”
“The challenges at the crossings have all been about UK exports, not EU imports,” the statement continued.
“These have been caused by the EU’s and its customs agencies’ overzealous activities in allowing UK products to enter the EU.
“Thanks to the UK’s decision to operate a ‘light touch’ customs operation with the EU, goods flowing the opposite way – from the EU into the UK – have continued to flow.
“To the best of our knowledge, no EU lorries have been impounded in the UK as a result of a half-eaten ‘baguette jambon’ in the cab of a French lorry driver.
“Unfortunately, this is not the situation with the EU. Last week, Marks & Spencer’s Chairman explained how an M&S lorry was impounded in the Republic of Ireland because its driver was carrying a ham sandwich in his cab.
“Irish customs officers then ordered the driver to fill out hundreds of pages of EU documents before allowing him to enter.
“British people have nothing against EU27 citizens; the problem is EU despotism.
“Any action by British people and corporations to.”Brinkwire Summary News”, as we mentioned yesterday.