A damning report revealed that British exports suffered a £27 billion loss due to Brexit, diminishing total goods exports by approximately 6.4% in 2022.
The Centre for Economic Performance's analysis indicates a significant 13.2% decrease in the value of goods exported to the EU post-Brexit, highlighting the TCA's adverse effects.
With 14% of firms ceasing exports to the EU since the TCA's implementation, the report emphasizes the urgent need for a Brexit deal reset with the EU.
The British government faces pressure to make substantial compromises surrounding European Court of Justice jurisdiction and free movement for young individuals in ongoing negotiations.
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