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It’s worth bearing in mind that some of this may also be down to the rules of origin of the UK EU TCA, not necessarily a reduction in actual trade. UK and EU branded clothing and footwear made outside Europe can no longer be counted as UK or EU exports. Instead they are now recorded as an export of the country where they were manufactured.
A lot of modern clothing is made in places like India or China and then branded in another. This would have then been classed as a UK export when sent to the EU, but this is no longer the case.
Not from the UK, I am wondering who benefitted from brexit?
Racists who are nourished by their fantasy that Brexit is hurting brown people.
Disaster capitalists.
William Rees-Mogg wrote 3 books in the 90s, I forget the 3rd one but the other two were called “(The Best Time To Buy Is When There Is) Blood In The Streets” and “The Sovereign Individual”. The latter describes a Sovereign as someone who earns more than $200k per year (90s money, so more like £500k today) and uses their wealth and influence to live above the laws of any nation. This is the kind of “sovereignty” his son Jacob Rees-Mogg campaigned for, he’s literally laughing at all his supporters while he’s doing it.
As was always the plan, the very rich and powerful are the only people who benefited from brexit.
It raised trade barriers, so potentially businesses that weren’t competitive with their counterpart businesses across the Channel.
If someone isn’t getting something from across the Channel, then they’re probably getting it domestically.
This is the best summary I could come up with:
UK exports of clothing and footwear to the EU have dived since Brexit, according to a new study that shows the extent to which complex regulations and red tape at the border have deterred firms from sending goods across the Channel.
The report said the decline meant British brands and retailers have seen sales to the EU plummet since Brexit, despite a flourishing European e-commerce market.
UK firms that previously repackaged imports of goods made in Asia for sale in the EU have now reorganised their supply chains, by setting up offices inside the single market to bypass border regulations.
In one instance a sock-maker based in Leicester, which declined to be named, has shifted production to Italy, ending more than 100 years of manufacturing in the east Midlands, Lim said.
It said analysis of recent official figures showed that the UK’s services trade “has not only bounced back swiftly after the pandemic, but also exceeded pre-pandemic levels by the latter half of 2022”.
Rain Newton-Smith, head of the CBI, said there was a case to review the UK’s trading relationship as she set out the business lobby group’s wishlist ahead of the 4 July general election.
The original article contains 664 words, the summary contains 197 words. Saved 70%. I’m a bot and I’m open source!
