<story><title>UK votes to leave EU</title><url>http://www.bbc.co.uk/news/uk-politics-36615028</url></story><parent_chain><item><author>UK-AL</author><text>UK importing tons of good from EU means that the uk is generating a lot of jobs for EU countries.</text></item><item><author>mrb</author><text>&lt;i&gt;&amp;quot;The EU needs the UK&amp;quot;&lt;/i&gt;&lt;p&gt;Not true. It is the reverse because the UK runs a gigantic trade deficit: in 2014 they exported 472 billion USD, but imported 663 billion USD¹. In fact the UK is the second country in the world with the largest trade deficit (behind the US). A huge portions of UK&amp;#x27;s export go to Europe, therefore the EU has definitely more &lt;i&gt;say&lt;/i&gt; when it comes to negotiating trade deals with the UK. I would be very worried for my economic future if I were a UK citizen...&lt;p&gt;¹ &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;atlas.media.mit.edu&amp;#x2F;en&amp;#x2F;profile&amp;#x2F;country&amp;#x2F;gbr&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;atlas.media.mit.edu&amp;#x2F;en&amp;#x2F;profile&amp;#x2F;country&amp;#x2F;gbr&amp;#x2F;&lt;/a&gt;</text></item><item><author>beninvalencia</author><text>As other comments have noted, the point is that the EU will not want to give the UK a good deal on leaving, because the EU does not want to give any encouragement to the other countries which want to leave the EU (some of which want to leave more strongly than the UK do - apparently).&lt;p&gt;Secondly, why would the UK end up with a Norway or Switzerland deal, when the UK is the 5th largest economy in the world? This is unprecedented. This isn&amp;#x27;t some one sided negotiation.&lt;p&gt;The EU needs the UK. If you sift through the garbage press, you&amp;#x27;ll see that the BDI in Germany - &amp;quot;The Voice of German Industry&amp;quot; - says that trade curbs against the UK would be &amp;quot;foolish&amp;quot;. Of course they would be! Do you know how many German cars are sold in the UK each year?&lt;p&gt;&amp;quot;About a fifth of all cars produced in Germany last year, or around 820,000 vehicles, were exported to the UK, making it the single biggest destination by volume.&amp;quot; Source: FT.com&lt;p&gt;&amp;quot;The UK is the fourth-biggest export market for German engineering companies, with sales of €6.8bn last year.&amp;quot; Source: FT.com&lt;p&gt;The scaremongering goes on even after the vote has been called...</text></item></parent_chain><comment><author>mrb</author><text>Let&amp;#x27;s do some math. UK exports to the EU amount to approximately 300 billion USD. Assuming 1 worker produces 200 000 USD worth of goods, then the UK-EU trade is linked to 1.5 million jobs in the EU, or 0.3% of the EU population.&lt;p&gt;For comparison the UK-EU trade is linked to over 3.3 million jobs in the UK,¹ or 5.1% of the UK population.&lt;p&gt;0.3% vs 5.1% → the UK needs EU more than the EU needs the UK.&lt;p&gt;¹ &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;fullfact.org&amp;#x2F;europe&amp;#x2F;uk-jobs-and-eu&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;fullfact.org&amp;#x2F;europe&amp;#x2F;uk-jobs-and-eu&amp;#x2F;&lt;/a&gt;</text></comment>
<story><title>UK votes to leave EU</title><url>http://www.bbc.co.uk/news/uk-politics-36615028</url></story><parent_chain><item><author>UK-AL</author><text>UK importing tons of good from EU means that the uk is generating a lot of jobs for EU countries.</text></item><item><author>mrb</author><text>&lt;i&gt;&amp;quot;The EU needs the UK&amp;quot;&lt;/i&gt;&lt;p&gt;Not true. It is the reverse because the UK runs a gigantic trade deficit: in 2014 they exported 472 billion USD, but imported 663 billion USD¹. In fact the UK is the second country in the world with the largest trade deficit (behind the US). A huge portions of UK&amp;#x27;s export go to Europe, therefore the EU has definitely more &lt;i&gt;say&lt;/i&gt; when it comes to negotiating trade deals with the UK. I would be very worried for my economic future if I were a UK citizen...&lt;p&gt;¹ &lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;atlas.media.mit.edu&amp;#x2F;en&amp;#x2F;profile&amp;#x2F;country&amp;#x2F;gbr&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;atlas.media.mit.edu&amp;#x2F;en&amp;#x2F;profile&amp;#x2F;country&amp;#x2F;gbr&amp;#x2F;&lt;/a&gt;</text></item><item><author>beninvalencia</author><text>As other comments have noted, the point is that the EU will not want to give the UK a good deal on leaving, because the EU does not want to give any encouragement to the other countries which want to leave the EU (some of which want to leave more strongly than the UK do - apparently).&lt;p&gt;Secondly, why would the UK end up with a Norway or Switzerland deal, when the UK is the 5th largest economy in the world? This is unprecedented. This isn&amp;#x27;t some one sided negotiation.&lt;p&gt;The EU needs the UK. If you sift through the garbage press, you&amp;#x27;ll see that the BDI in Germany - &amp;quot;The Voice of German Industry&amp;quot; - says that trade curbs against the UK would be &amp;quot;foolish&amp;quot;. Of course they would be! Do you know how many German cars are sold in the UK each year?&lt;p&gt;&amp;quot;About a fifth of all cars produced in Germany last year, or around 820,000 vehicles, were exported to the UK, making it the single biggest destination by volume.&amp;quot; Source: FT.com&lt;p&gt;&amp;quot;The UK is the fourth-biggest export market for German engineering companies, with sales of €6.8bn last year.&amp;quot; Source: FT.com&lt;p&gt;The scaremongering goes on even after the vote has been called...</text></item></parent_chain><comment><author>kaftoy</author><text>Yeah, so what? UK will keep importing after brexit even if trade agreements change... UK will import at higher prices maybe. Else, where will they get the merchendise from?&lt;p&gt;On the other hand, EU could import less from UK, since (probable) taxes will increase the price =&amp;gt; EU will consume more from it&amp;#x27;s own production and have less imports from UK. So to me, if it&amp;#x27;s about jobs, UK jobs are at risk, not EU.</text></comment>