With reliance on EU products returning to pre-Brexit levels, closer supplier ties will be essential to managing uncertainty in the market, writes Pablo Cristi Worm.

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.

In historical terms, however, those transgressions will end up being little more than footnotes. Viewed from afar, Johnson’s greatest failing is liable to be what he hoped would be his glorious legacy: Brexit.

We desperately need to rejoin the single market and customs union, whatever the former PM thinks.

It is increasingly clear that Brexit is doing enormous damage to Britain’s economy. And for what, exactly?

The latest Government Business Insights report reveals that the transportation and storage sector has been hit hardest by Covid and Brexit. / ParcelHero says the shock result shows that more supply chain companies have closed and fewer surviving firms are currently trading than in any other sector.