Brexit cost the UK £27 billion in lost EU trade, hitting small firms especially hard.

Brexit cost the UK £27 billion in lost trade with the EU in the first two years after leaving the bloc. Small UK firms have been hit hardest, with exports to the EU falling by 30%, compared to a 15% decline for medium-sized companies. Larger firms have largely adapted to new trade barriers, while smaller businesses face significant regulatory challenges. The UK's global exports dropped by 6.4%, and imports decreased by 3.1%.

4 months ago
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