Brexit reduced goods exports by ~$34 bn; smaller firms most hit: LSE

The Trade and Cooperation Agreement (TCA) reduced total goods exports from the UK by an estimated $34 billion, or 6.4 per cent, in 2022 due to a 13.2 per cent fall in the value of goods exported to the EU, according to the London School of Economics.
Researchers there found that 14 per cent of firms that had previously exported to the EU stopped doing so after the TCA came into force in January 2021.

​The Trade and Cooperation Agreement (TCA) reduced total goods exports from the UK by an estimated $34 billion, or 6.4 per cent, in 2022 due to a 13.2 per cent fall in the value of goods exported to the EU, according to the London School of Economics.
Researchers there found that 14 per cent of firms that had previously exported to the EU stopped doing so after the TCA came into force in January 2021.