Brexit shrank UK services exports by £110bn, academics find

Press quote (Financial Times)
31 May 2021

“Behind the scenes the effect [from leaving the EU] is clearly showing up in the data,” said John Springford, deputy director of the Centre for European Reform think-tank, citing his own research and figures from the Office for National Statistics, the London School of Economics and the Tony Blair Institute for Global Change. He said the data showed the UK’s trade with the EU had fallen by a fifth because of Brexit. “Brexit has already made Britain poorer compared to a branch of history in which Britain remained in the EU — or indeed in the single market,” he added.