Trade from UK to EU 16% lower than if Brexit had not happened, report finds

Economic and Social Research Institute analysis found substantial reduction in number of products traded'

Trade from the UK to the EU is down 16% on the levels anticipated had Brexit not happened, a new report has found.

Meanwhile trade from the EU to the UK has dropped even further, by 20%, relative to a scenario in which Brexit had not occurred, according to research published on Wednesday by the Economic and Social Research Institute.