Originally Posted by
Jordi Culé
"So has Brexit been a boon for British trade? Well, its more complicated than that.
The UK’s goods exporters have not performed anywhere near as well as the service sector. Although global goods trade has come under pressure in recent years, the UK goods exports have fallen much faster than the G7 average.
Goods exports have under-performed the G7 average by 15 per cent since 2020
Barriers to trade between the UK and EU have certainly contributed to this fall. The Office for National Statistics said that around half of exporting firms had faced extra costs due to Brexit.
The BCC has previously called for primary regulations on traded goods should mirror the EU’s in order to keep business costs low."