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London CNN — Brexit - 1 — - 1 Keir Starmer - 1 ” - 1 Jun Du - 1 ” Du - 1 Brexit - 1 Sophie Hale - 1
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☆ Brexit is ‘stifling’ Britain’s trade with Europe and the problem is getting worse
  + stars: | 2024-09-17 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +4 min
Researchers at Aston University in England estimated that between 2021 and 2023, annual UK exports of goods to the EU were 17% lower than they would have been had Brexit never happened. Exports in most sectors have decreased since 2021, according to the report. “The UK-EU trade relationship remains crucial for both parties,” Tuesday’s report said, adding that the relationship “underpins” economic stability and growth. According to the study’s lead author, Professor Jun Du, the post-Brexit trade deal has “introduced substantial barriers” to UK-EU trade. The report is the latest piece of research to highlight the negative effects Brexit has had on the UK economy.
Persons: London CNN — Brexit, —, Keir Starmer, ”, Jun Du, ” Du, Brexit, Sophie Hale, “, Olesya Dmitracova Organizations: London CNN, European Union, Aston University, Labour, EU, “ Locations: United Kingdom, England, EU, “
☆ Brexit has cracked Britain’s economic foundations
  + stars: | 2022-12-24 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +10 min
Brexit has erected trade barriers for UK businesses and foreign companies that used Britain as a European base. While Brexit isn’t the cause of Britain’s cost-of-living crisis, it has made the problem more difficult to solve. The Brexit deal, known as the Trade and Cooperation Agreement, came into effect on January 1, 2021. The deal is “the world’s largest zero tariff, zero quota free trade deal,” the spokesperson added. The Organization for Economic Cooperation and Development expects the UK economy to shrink by 0.4%, ahead only of sanctioned Russia.
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