dsr wrote:This isn't difficult, turtle. What is difficult is getting you to understand what "value" means. This is your approach to value, fair enough, but what's not appropriate is that you think of all other definitions of value as being lies. You haven't grasped that words in English have different nuances of meaning.
What is the value of EU exports to the UK? £310bn. What is the value of UK exports to the EU? £240bn. I know you call that a lie, but it isn't.
And when it comes to working out tariffs, they base the calculation on the actual value of the deal, not the value per head of population. And when they work out how much UK business will be lost and how much of our imports will instead be made in the UK or imported from elsewhere, the size of population of the EU isn't relevant.
I'm not talking about the size of the EU population. Why do you keep pretending that I am? I am literally talking about the value of our trade.
You said that the trade with UK is more important to the EU than the reverse. That. Is. Not. True. 44% vrs 8% proves it's not true.
So when tariffs are applied those tariffs will affect 44% of our exports but only 8% of the EU's exports.
I find it hard to believe that someone who claims to be an accountant can't grasp such a fundamental a truth as this. Trade with the EU is more valuable to the UK than trade with the UK is to the EU. How is this value measured? It's measured by comparing the relative size of those exports to their total exports. And on top of that fact, when tariffs are applied it will affect us far more than them, because of how much more important they are to us than we are to them.
Maybe you just don't understand the difference between price and value. Price being the same for everyone, value being relative.
£1 in exports to the EU is more valuable to us than £1 in exports to the UK is to them. And that's because they're a much more important export to us than we are to them.
None of this is about population size.