b'exports to the EU 4.5 times more per personChapter Three also considers the failings than the UK manages. Switzerland, Newof the Single Market in relation to services, Zealand, Chile, for example, all have tradeand explains how this impacts negatively on agreements with China, which the EU doesthe largely service-driven UK economy. The not. Even tiny Iceland signed a Free TradeSingle Market omits approximately 60% of Agreement with China back in April 2013. Itservices - a key fact. is not necessary to be part of a large trading bloc in order to enter into trade agreements.A second key fact is that 100% of the UKs GDP is subject to EU rules and regulations, Chapter Three examines the EU Singlewhereas less than 14% 2of UK GDP is Market, its cost to the UK economy and theaccounted for by exports to the EU Single impact of free movement of persons withinMarket. Up to 95% of UK firms do not sell to the EU. It includes an illuminating discoursethe EU at all 3 . between Professor Congdon and David Smith, Economics Editor of the SundayChapter Three concludes with the view that Times.the UK loses more than it gains from its participationin the EU, noting the costs for EU membership is very expensive. Inthe UK of burdening 100% of its economy addition to the direct costs, the indirectwith Single Market regulations. costs, for example, from regulation, put a burden of roughly 12% of GDP onto the UKIn light of the conclusions from previous economy in 2014. 1chapters, Chapter Four moves to consider how the UK economy might perform Chapter Three continues with an examinationoutside of the EU. It looks at the economic, of free trade agreements in other economiceducational and linguistic strengths of the UK regions of the world, such as Northand evidences its central place on the world America, and compares the approaches ofstage. This position, in particular the UKs these regions to economic migration andpermanent seat on the UN Security Council, regulation. It also presents evidence of theis threatened by the UKs membership of the negative impact of unrestricted migrationEU.on the UKs economy. In particular, the emphasis on GDP and GDP growth is likelyChapter Five opens with some dismal data to lead to poor decision-making, when,on the EUs economic performance andmostly, it is GDP per capita which matters. 206'