What's happened
Recent reports reveal significant declines in UK trade with the EU post-Brexit, with exports down 27% and imports down 32%. Smaller producers face increased regulatory burdens, prompting calls for a reevaluation of trade agreements. The new government under Keir Starmer is under pressure to address these issues amid ongoing economic challenges.
Why it matters
What the papers say
According to a report by Aston University, UK goods exports to the EU have plummeted by 27%, with imports down 32%, highlighting the severe impact of Brexit on trade. The BBC notes that smaller producers are particularly affected, with many giving up on exporting due to increased regulatory burdens. Marco Forgione from the Chartered Institute of Export emphasizes the need for careful management of border checks to avoid further complications. Meanwhile, the New Statesman discusses the political ramifications for Keir Starmer, who must navigate the complexities of renegotiating trade agreements while addressing the economic fallout from Brexit.
How we got here
Since Brexit, the UK has faced numerous trade challenges, exacerbated by the pandemic and global economic shifts. Recent studies highlight the tangible impacts of these changes, particularly on smaller producers who struggle with new regulations and barriers to trade.
Common question
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What is the impact of Brexit on UK trade in 2024?
Brexit continues to reshape the landscape of UK trade, with significant implications for businesses and consumers alike. As new regulations come into play, many are left wondering how these changes affect trade volumes, especially for smaller producers. Below, we explore the latest statistics and challenges faced by UK businesses in the post-Brexit era.
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What is the Current Impact of Brexit on UK Trade?
Brexit has significantly altered the landscape of trade between the UK and the EU. With recent statistics showing a sharp decline in both exports and imports, many are left wondering how these changes affect businesses and consumers alike. Below, we explore the latest data, the challenges faced by smaller producers, and the potential long-term effects of these trade shifts.
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What are the Future Trade Relations for the UK Post-Brexit?
As the UK navigates its post-Brexit landscape, trade relations are evolving rapidly. With significant declines in trade with the EU and new challenges for businesses, many are left wondering what the future holds. This page explores key questions surrounding potential trade agreements, economic impacts, and government strategies to support recovery.
More on these topics
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The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
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Brexit is the withdrawal of the United Kingdom from the European Union. Following a UK-wide referendum in June 2016, in which 52% voted to leave and 48% voted to remain in the EU, the UK Government which was then led by Theresa May formally declared the c
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northÂwestern coast of the European mainland.
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Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. Covering an area of 357,022 square kilometres, it lies between the Baltic and North seas to the north, and the Alps to the south.
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Sir Keir Rodney Starmer KCB QC MP is a British politician and former lawyer who has served as Leader of the Labour Party and Leader of the Opposition since 2020. He has been Member of Parliament for Holborn and St Pancras since 2015.