Impact of Brexit leads to 14% fall in UK exports to EU

Goods and services exported to bloc affected by rise in paperwork, figures suggest

The negative impact of Brexit on the UK’s trade with the European Union is starting to emerge with EU data showing that exports to the bloc declined by nearly 14% in 2021 compared to 2020, a senior official in Brussels has said.

Maroš Šefčovič, European Commission vice president and Brexit negotiator, said that even with the impact of the pandemic being taken into account, the increase in red tape since the transition period ended in January 2021 has taken its toll on trade in goods and services with the UK.

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from The Guardian https://ift.tt/G4KnYy7
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