What's happened
Aston University's report reveals UK goods exports to the EU fell 27% and imports 32% post-Brexit. The findings highlight the challenges faced by smaller producers due to increased regulations. The Chartered Institute of Export warns that poorly managed border checks could exacerbate these issues, affecting supply chains and consumer prices.
Why it matters
What the papers say
According to BBC News, Aston University's report indicates that smaller UK producers have largely ceased exporting to the EU due to overwhelming regulatory burdens. Mary Quicke from Quicke's Cheeses expressed frustration over the paperwork, stating, "We just don't have the people to do the paperwork." Meanwhile, Marco Forgione from the Chartered Institute of Export highlighted the importance of managing the BTOM effectively to prevent further issues, noting that delays in checks for perishable goods are welcomed but could lead to confusion and costs if not handled properly. The Independent also reported on Sir Keir Starmer's commitment to renegotiating the Brexit deal, emphasizing the need for meaningful changes to improve trade relations.
How we got here
Since the Brexit trade deal, UK-EU trade has faced significant challenges, with many smaller producers abandoning exports due to bureaucratic hurdles. Recent research underscores the ongoing negative impact of these changes on trade volumes and product variety.
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.
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.