MYTH 2 - Trade & Industry - The UK's trade balance will collapse if we withdraw from the EU.
The UK runs a deficit in goods and a surplus in services with the EU. We believe the idea that the UK's trade balance would collapse if the country leaves the EU is an exaggeration. The UK may even be able to retain access to the single market, which takes almost half its exports. Yet it might have to accept most EU rules and even pay money to Brussels in return, like Norway and Switzerland.