Brexit: UK services are losing out to EU rivals – but Asia could be big winner

By Jun Du, Professor of Economics, Centre Director of Lloyds Banking Group Centre for Business Prosperity (LBGCBP), Aston University
Oleksandr Shepotylo, Senior Lecturer in Economics, Aston University

Seven months after Britain’s exit from the EU, the chilly effects on UK trade are being felt. Total exports of UK goods and services were down by 13% (£36 billion) and imports down 22% (£66 billion) for January to May 2021 compared to the same period in 2019, according to the Office for National Statistics (ONS).

In a separate new ONS…

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