Brexit red tape on British businesses has caused goods trade between the UK and EU to slump and the problem is getting worse, a study has warned. Many smaller UK producers have given up exporting small amounts to the EU after facing more rules and regulations, a report by Aston University Business School has found.

A new study suggests that the economic slump caused by the change in UK-EU relations post-Brexit is not just a short-term hiccup, but likely to persist.

The value of UK goods exports to the EU sank 27 per cent and imported goods by 32 per cent, according to a new report.

Jun Du, one of the report’s authors, warned: "The Trade and Cooperation Agreement introduced substantial barriers and there are ongoing and marked declines in the value and variety of UK exports and imports. "Without urgent policy interventions, the UK’s economic position and place in the global market will continue to weaken.”

The value of UK goods exports to the European Union sank by 27% and imported goods by 32% between 2021 and 2023

Trade friction caused by the Brexit deal has pushed down import and export volumes, and the problem is getting worse, a study has warned. Aston University found t