Aston University’s Centre for Business Prosperity have analysed the monthly trading figures between the UK and the EU since 2021. Their finding is that the Trade and Cooperation Agreement, negotiated by the Johnson government, has had a negative effect on UK-EU trade. They use the term ‘stifling’.
It shows a 27% drop in UK exports to, and a 32% reduction in imports from, the EU. It also shows a 33% decrease in the variety of products exported from the UK.
The implications of this for the UK’s economy are clear; and bad. Its one of the most damning pieces of data on the effects of Brexit so far. I guess it won’t be the last.
More information, plus a PDF of the report itself, is on the Aston University website:
https://www.aston.ac.uk/research/bss/research-centres/business-prosperity/unbound
derby4europe 