UK exports suffered £12.4bn decline in 2021, largely attributed to non-tariff measures – new research
- Professor Jun Du and Dr Oleksandr Shepotylo from Aston University analysed the effects of the end of the Brexit transition period on UK exports
- This equals to a nearly 16% of UK total exports in the first half of 2019 and 70% of the documented total reduction in the EU exports in the same period
- The research suggests non-tariff measures (NTMs) are responsible for the fall in trade between the UK and EU.
New research by experts at Aston University for the Enterprise Research Centre (ERC) has found that UK exports experienced a large, negative, statistically significant decline in 2021 at the end of transition after the EU-UK Trade and Cooperation Agreement (TCA) was put in force.