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The Independent UK
The Independent UK
National
David Maddox

Brexit costing UK billion of pounds per year in lost exports, new report shows

  • A report by Logistics UK reveals Brexit is costing the UK 11.7 billion pounds annually in lost exports , equivalent to 400 pounds per household.
  • UK goods exports by tonnage have fallen by 20.7 per cent since 2016, with export volumes to the EU dropping by 15.9 per cent.
  • A survey by European Movement UK shows 72.8 per cent of businesses report a negative impact from Brexit, with 98.2 per cent advocating a return to the single market.
  • Trade groups and politicians are urging the government to slash red tape and reduce border complexity by aligning more closely with EU regulations.
  • Andy Burnham has faced growing pressure over his stance after maintaining red lines against rejoining the single market and customs union.

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