Brexit has inflicted a hit of nearly one-third on the value of Britain’s trade with Europe, with many smaller exporters giving up because of the new red tape, according to researchers.
The value of UK goods exports to the European Union sank by 27% and imported goods by 32% between 2021 and 2023, after the Brexit trade deal was signed, compared with no change if the divorce had never happened, a report by Aston Business School said.
