The 12 Lies of Brexit - 4. No single market for services

December 5, 2019 10:04 AM
Originally published by Spelthorne Liberal Democrats
Stop Brexit! Build A Brighter Future

We're unwrapping the twelve biggest lies of Brexit! 🎄

Fourth on our festive misinformation list, this completely untrue claim from Gove.

There is actually a single market for services 👇https://www.libdems.org.uk/12-lies-of-brexit

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This disinformation comes courtesy of Michael Gove. He claimed on Radio 4 that "At the moment we do not have a single market for services even within the European Union".

This is just plain wrong. Services account for 80% of the UK economy, 45% of exports, and companies and customers alike enjoy single market access.

In our current deal, we have 25 per cent of typical barriers for services than if we were outside the European Union.

If we leave the European Union, barriers will be placed for trade in services, and the UK economy will take a massive hit.

In the words of Alan Winters, Head of the UK Trade Policy Observatory, "[after Brexit] It's going to be way worse. It looks as if there is very little that is being seriously negotiated on services."

We will also sacrifice the opportunity to expand trade within the single market if we leave the European Union.

Britain is incredibly strong in financial services, technology and education. It's vital that we run the country in a manner that maximises the opportunities for these sectors.

The Liberal Democrats will stop Brexit so we don't jeopardise our economic development.