Financial Times:
Brexit hit to UK trade less than predicted, says study
18 December 2024
Brexit has hit UK trade less than many forecasters predicted thanks to larger companies adapting to red tape at the border, according to research by the London School of Economics. Researchers estimated UK worldwide goods exports and imports fell 6.4 and 3.1 per cent respectively, between 2020 and 2022, compared with the levels predicted for the country remaining in the EU, according to analysis of company-level trading data from HM Revenue & Customs for the first two years after Brexit.