Economic illiteracy over trade perhaps?
"I don’t want to leave the European Union and I\’ll tell you why. This is a trading nation. Yorkshire relies on traded goods and on businesses which can trade all over the world and particularly in Europe. We export more per head of the population than America, Japan or other countries. We are a trading nation and Europe is a very important market for us. If we are not in the European Union, we would not be able to have a say over what the rules of the single market are. That is the primary reason for being a member of the European Union."
He\’s committing the mercantilist fallacy, that exports are either the point of trade or that they make us rich. No, it is imports that make us rich, exports being merely the shite we ship abroad to pay for them. We don\’t actually care what the rules of the single market are, as long as we can buy what we wish from there. However, we do care very much about the fact that membership of that single market means that we are not allowed to buy what we wish from other countries around the world….something which makes us poorer.
Don\’t they teach economics at Eton? There\’s clearly not enough of it in a PPE from Oxford, anyway.