New Brexit rules caused major shock to UK-EU trade – report

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A new study found that imports from the EU fell by 25% relative to those from elsewhere. …

That’s problematic for two reasons. First because it’s those small exporters which are the engine of trade growth, the success stories of tomorrow. And second, as the government’s own forecasters note, the new trade agreements struck with the likes of Australia and New Zealand are not yet sufficient to greatly boost the UK’s trade prospects.

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