The value of UK goods exports to the EU sank 27% and imported goods by 32%, according to the report, compared with what it predicts would have happened without Brexit.
The negative impacts of the [trade agreement] have intensified over time, with 2023 showing more pronounced trade declines than previous years.
Increased rules and regulations, such as safety checks and labeling requirements, had contributed to the fall. While these measures do protect consumers, they also bring difficulties and costs for traders.
Farmers, clothing makers, and wood and paper manufacturers have been among the hardest hit industries, with many sub-sectors' EU export value falling by well-over half.
Collection
[
|
...
]