Brexit deal impact 'worsening', economists say

Published On Sep 16, 2024, 7:02 PM

A new study from Aston University Business School reveals that post-Brexit regulations have severely impacted trade between the UK and the EU. UK goods exports to the EU decreased by 27% and imports fell by 32% between 2021 and 2023. Many smaller UK producers are struggling with increased administrative burdens and have abandoned exporting to the EU. While some sectors have fared better, trade with EU countries continues to be hampered by red tape, leading to calls for the UK government to improve trade relations and reduce regulatory barriers.