International delivery firm ParcelHero says August’s £800m fall in EU trade adds to the UK’s economic woes.
"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
Home Office figures caused speculation that number of Europeans in UK had been underestimated.
Explore the UK's trade relationships through interactive maps, charts and analysis.
Virgin boss Sir Richard Branson says he would not invest 'new money' in Britain blaming Brexit for poor economic growth
13/12/2022
Sir Richard Branson has blamed growing post-Brexit red tape for Britain's poor economic growth, saying he wouldn't "invest new money" in the country with the way things are at present.
High cost of entry under immigration overhaul will put off applicants, says thinktank.
UK/European Union trade contracted in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides.
According to the Office for National Statistics (ONS), within the last quarter of 2022, the UK imported about £33billion more than it exported to the EU. / This is the worst performance of the UK export trade balance since records began in 1997. / This is a shocking testimony that Brexit has caused fundamental deep-rooted damage to British exports.
The ONS revealed that total trade in goods with EU countries tumbled by 23.1% in the first quarter compared with three years ago.
UK Trade with EU Plunges After Brexit
12/03/2021
U.K. trade with the European Union plunged in January as Britain’s departure from the bloc and widespread coronavirus restrictions dealt a double blow to the nation’s struggling economy.
ONS figures could be a sign that the UK is losing its overall competitiveness, say experts.
Official figures confirmed a 41% drop in trade during the first month after the end of the transition period - with officials saying there was evidence disruption from new customs arrangement was behind some of the fall.
Government figures showing a bounceback in February rightly come with a health warning.
Official figures corroborate academic studies showing sharp drop in exports since Brexit.
BREXIT, according to its backers, was meant to create endless opportunities. So far, however, the UK has failed to make the vote profitable, with the prospect of "global Britain" quickly fading according to recent data.
The UK’s trade deficit with the European Union widened to a record in the final quarter of 2022 as imports from the bloc jumped.
The value of UK exports to the European Union plummeted by £5.6bn after the Brexit transition period ended, in the sharpest drop since records began.
The UK has recorded a record fall in trade with the EU in the first month since the end of the Brexit transition period.
The UK has seen investment from overseas collapse in the past two years, underscoring its diminishing allure as a global business destination since Brexit, revised United Nations data show.
Visits to the United Kingdom by overseas residents fell 4 percent in 2018 to 37.8 million and spending by tourists and other visitors was down by 7 percent at 22.7 billion pounds, official statistics showed on Monday.
Total retail sales fell 1.3 per cent last month from a year ago, marking the worst September since 1995 when the British Retail Consortium (BRC) and KPMG started collecting the data.
Rise matched by steep fall in unemployment and rise in staff on payrolls to 29.2 million.
A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.