The Institute for Public Policy Research indicates a need for the UK to renegotiate its post-Brexit trade rules with the EU, amidst dwindling exports.
Since leaving the EU in 2021, UK trade policy has been deemed 'muddled and rudderless', with a notable drop in exports to the EU by 27%.
The IPPR's report stresses the necessity for ministers to consider diverse measures to enhance Britain's trade capabilities across multiple industries.
With Donald Trump's inauguration, the UK government must proactively pursue trade deals with the US to bolster exports and recovery in trade.
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