Brexit is causing the UK to lose £11.7bn annually in exports.

Brexit is costing the UK £11.7bn a year in lost exports according to findings by Logistics UK. And a business survey by the European Movement UK has revealed that 73% of firms say that Brexit has had a negative impact on their businesses - with 98% wanting the UK to rejoin the EU’s single market. https://www.independent.co.uk/news/uk/politics/brexit-uk-exports-single-market-customs-union-b3041038.html

"Brexit is costing the UK £11.7bn a year in lost exports, stark new figures show, piling further pressure on Andy Burnham to rejoin the EU’s single market and customs union. The damning findings by Logistics UK, which represents freight companies and is one of the largest trade associations in the UK, show that the loss in revenue compared with 2019 is worth £400 per household in the UK per year. The organisation has called on the prime minister to push for greater alignment with EU regulations as campaign groups ramp up pressure to find a pathway for Britain back into the bloc. It comes as a major new business survey by the European Movement UK has revealed that 72.8 per cent of firms say that Brexit has had a negative impact on their businesses, 96.4 per cent say it has had a negative impact on their communities, and 98.2 per cent want the UK to rejoin the EU’s single market. Logistics UK head of trade James Mills said: “Greater trade matters because it is closely linked to productivity. It gives businesses access to larger markets, encourages investment and allows successful firms to specialise and grow. Yet Britain’s recent performance points in the wrong direction.”" https://www.independent.co.uk/news/uk/politics/brexit-uk-exports-single-market-customs-union-b3041038.html #UK #Brexit #EU #SingleMarket