Brexit: EU firms 'lost greater volume of trade than UK exporters', report finds

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Brexit: EU firms 'lost greater volume of trade than UK exporters', report finds
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A study finds that while it was 'surprising' imports were hit harder than exports during 2021, small firms in the UK shied away from an increased cost of doing business with the continent.

A study finds that while it was"surprising" imports were hit harder than exports during 2021, small firms in the UK shied away from an increased cost of doing business with the continent.The first year of the UK's post-Brexit trade agreement with the European Union saw firms on the continent lose a greater percentage volume of trade than exporters from the UK, according to research.

It reported that exports to the bloc avoided a sustained decline by the same measure, with a smaller and only temporary drop.

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