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What does the collapse in UK exports to the EU really tell us about Brexit?

T

he headline figures seem to say it all. In January – the first month after the end of the post-Brexit transition – UK exports to the rest of Europe collapsed by 40 per cent, according to the latest official trade figures from the Office for National Statistics.

By contrast exports to non-EU countries rose slightly in the month.

This seems to be clear evidence that Brexit is having the negative impact on UK exporters to the EU that businesses and economists warned about so loudly.


Source: UK Politics - www.independent.co.uk


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