A new report from the Centre for Business Prosperity at Aston University in the U.K. reveals that negative impacts of Brexit have intensified over time.

Lead author, Professor Jun Du says: “The Trade and Cooperation Agreement introduced substantial barriers and there are ongoing and marked declines in the value and variety of UK exports and imports.

Without urgent policy interventions, the UK’s economic position and place in the global market will continue to weaken.”

The authors analysed monthly import and export between the UK and the EU, from January 2017 to December 2023 and separated into pre- and post-January 2021 when the (trade) agreement came into force.

The monthly data shows a 27% drop in UK exports and a 32% decline in imports from the EU.

U.K. businesses are now facing the sharp reality of Brexit and will need a whole range of new strategies to remain competitive.

Maybe this is another case of a population being convinced to vote against their own best interest?

Poor UK.

We read that Brexit was all about European Union control
and about the UK's inability to own its own destiny
without the myriad of rules and regulations mandated
by the EU. That's why many people voted for Brexit.

Now it appears that this was a disaster - and it was
the long simmering issues
that have plagued the UK's economy that should have been
blamed and resources invested in trying to solve some
of these issues.

The idea that the UK could quickly sign up to new trade
agreements after having left the EU turned out to be
unsuccessful. . Trade packs typically take years to
negotiate even among countries with shared interests.

Time will tell what Britain does next.

A new report reveals that the UK economy is almost
140 billion pounds smaller because of Brexit:

http://london.gov.uk/new-report-reveals-uk-economy-almost-ps140billion-smaller-because-brexit#;

You can check out any time you like, but you can never leave...
Welcome to the European Union...

Hi AC

'Hotel California' great song by the Eagles, nothing to do with a "hotel" but everything to do with drug taking. Unfortunate there were those on the hard right who led the Poms up the garden path and into disaster; And I was thinkin' to myself, "This could be heaven or this could be hell"

I migrated from the UK decades ago but still have family there are visit periodically, including earlier this year. The sense of despondency and lack of direction is palpable. Brexit is a large part of the reason - its negative effects are not just economic. My mostly left-of-centre kin were cheered by Labour's election win, and Labour must surely be better than the omnishambles of the Conservatives in recent years. But I warned them to look to our own bitterly disappointing Labor government if they think a leftward shift is a panacea.

Brexit has been very bad for the country, but I fear the longer-term consequences will be even worse in terms of political, intellectual and economic isolation and diminished influence. The EU tempered some of the occasional weirdness of British politics and UK membership tempered some of the occasional weirdness of EU politics. They are both diminished by the divorce.