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maxolon Crucially, we would also withdraw from the European single market. This is not as alarming as it sounds because 80 per cent of UK economic activity is entirely within the UK. Of the other 20 per cent, 12 per cent is with the rest of the world and only 8 percent is with the EU. UK firms wishing to continue to trade with the EU would have to comply with single market rules, but the rest would be bound either by our own UK rules or those applied by other overseas markets, such as the USA.