Angela Eagle, border security minister, says prime minister has to answer why he has accepted £76,000 worth of gifts since 2019 election
Brexit has had a profound, negative impact on trade with the EU, and it is getting worse, a report out today says. It has been written by academics at the Centre for Business Prosperity at Aston University who say that, unless action is taken to reduce non-tariff barriers with the EU, “the UK’s economic position and place in the global market will continue to weaken”.
The Office for Budget Responsibility predicted that Brexit would reduce the size of the UK economy by 4% over the long term, because it serves as a barrier to trade with the EU, which is the UK’s biggest market, and it says that events since Britain left the EU have not led it to revise its assessment. Most economists broadly accept this analysis, although there is disagreement about the exact size of the hit to the UK economy.
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