19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 4
- Left
- 3
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 1 day ago
- Bias Distribution
- 75% Left
A recent report from Aston Business School reveals that Brexit has significantly hampered UK trade with the EU, with exports declining by 27% and imports by 32% between 2021 and 2023. The study indicates that the negative impacts of the Trade and Cooperation Agreement (TCA) have intensified over time, particularly in 2023, suggesting a shift away from the EU supply chain rather than a mere short-term disruption. Smaller British exporters are disproportionately affected, with 1,645 fewer types of products exported to the EU, especially in sectors like agrifood, textiles, and materials. Notably, edible fruit and nuts experienced a staggering 73.5% drop in export value. The report emphasizes the need for political interventions to mitigate these adverse effects and assist companies in adapting to new trade barriers, although the UK government maintains that it will not rejoin the customs union or single market. The service sector has fared better overall, but the continued decline in trade underscores the challenges faced by many UK businesses post-Brexit.
- Total News Sources
- 4
- Left
- 3
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 1 day ago
- Bias Distribution
- 75% Left
19Negative
Serious
Neutral
Optimistic
Positive
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.