The effects of leaving the EU on the geography of UK trade

Based on research, the 2016 Brexit referendum did not have a significant impact on UK-EU trade in goods relative to comparator trade flows.

Furthermore, the Trade and Cooperation Agreement (TCA) signed in December 2020 resulted in a reduction in UK trade with the EU, with UK imports from the EU being negatively impacted throughout 2021.

Image courtesy of interviewee. November 11, 2023

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