UK trade with EU falls sharply as Brexit and Covid drive down exports
by Lisa O'Carroll Brexit correspondent from Economics | The Guardian on (#5PCG9)
ONS figures could signal UK is losing overall competitiveness, say experts
Britain's trade with the EU fell sharply in July, with Brexit and the global pandemic driving exports 1.7bn lower than in July 2018 and imports falling by 3bn, according to official data.
The Office for National Statistics (ONS) said the fall was largely driven by declines in medicinal and pharmaceutical products, which have been particularly hit by the need for separate regulatory approval post Brexit.
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