UK-EU trade slumps in first month of new Brexit rules

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Sat, 2021-03-13 01:28

LONDON: Trade between the UK and the EU was hammered in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides.

British goods exports to the EU, excluding non-monetary gold and other precious metals, slumped by 40.7 percent in January compared to December, the Office for National Statistics said on Friday. Imports fell by 28.8 percent — another record.

A truck drives towards the entrance to the Port of Dover, Britain, following the end of the Brexit transition period on January 15, 2021. (REUTERS/John Sibley//File Photo)
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