How has leaving the EU affected Britain?
associated with new trade barriers would be short-lived, as traders got used to new arrangements. It is still too soon to assess Brexit’s long-run effects. But the evidence so far shows that it has hurt.
The effects on trade are a little more complicated. The latest data suggest that Brexit hasn’t had much effect on trade in services at all . But it appears that Brexit had depressed Britain’s trade in goods by 7% by the second quarter of 2022.
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