The 11% figure may be true, Im not sure. To put it another way though, the UK is the biggest single importer of EU goods in the world.
I had my doubts about that when I first heard it, but it has been repeated so many times in the media without contradiction, that I can only assume it is true.
This would put the UK in a very strong bargaining position indeed when it comes to negotiating trade deals with the EU.
There is no way in the world they would try and impose tarrifs, as we would obviously reciprocate. The directors of VAG, Mercedes, BMW, Citroen, Peugeot, Renault Fiat etc. (and that's only the car industry), simply wouldn't allow it to happen.
Businesses and customers (the market)decide these things in a capitalist society, not governments.When elected governments interfere in them they usually run themselves into trouble, quickly.
The 50% figure is nowhere near accurate. It was originally bandied about by Europhiles, but included the goods which leave the UK and are then transferred onto other (usually larger) ships in European ports (Rotterdam in particular), and are then exported to outside of the EU.
Even taking the 50% figure at face value, the level of exports to the EU is now below that and dropping lower with each passing month.
There seems no reason to believe that this trend will be reversed any time soon, if at all.
Exports from the UK to the world outside of the EU however are growing at quite a pace and that is what we need to concentrate on building on as that is where the future lies.
The EU is an old fashioned, protectionist club, not a million miles from the old USSR. It has no place or value in the 21st century.
There will be no wall of any kind. Their businesses will still want to sell to us, and ours will still want to sell to them. It really is that simple.
Of course trade agreements will have to be agreed, but to compare our position with Norway or Switzerland is like comparing Man utd. with Southend united.
The economic matters of course aren't the biggest issue. The purpose of the EU is and always has been, to slowly and stealthily grow into a United states of Europe. We are well along that road now,and to do that while lying to the voters of each member state is utterly undemocratic, and for that reason alone, it must be made to fail.
Our sovereingty and right to self governance is disappearing with each passing day. It is being handed to an undemocratic, inefficient, ineffective , institutionally corrupt, and intrinsically dishonest and dangerous monstrosity of an organisation which doesn't work and cant work.
As Nigel Lawson said on the subject of leaving the EU last week, "The only thing we have to fear is fear itself."