Brexit is having “profound and ongoing stifling effects” on goods trade between the United Kingdom and the European Union, according to a new report.

A new study suggests that the economic slump caused by the change in UK-EU relations post-Brexit is not just a short-term hiccup, but likely to persist.

The impact on UK businesses from Brexit’s red tape is only getting worse as time goes on, a new report has found. According to Aston University Business School, the value of UK goods exported to the UK was 27% lower – and imported goods 32% lower – compared to what the economy may have looked like if Brexit had not happened.

Brexit red tape on British businesses has caused goods trade between the UK and EU to slump and the problem is getting worse, a study has warned. Many smaller UK producers have given up exporting small amounts to the EU after facing more rules and regulations, a report by Aston University Business School has found.

The value of UK goods exports to the EU sank 27 per cent and imported goods by 32 per cent, according to a new report.

Trade friction caused by the Brexit deal has pushed down import and export volumes, and the problem is getting worse, a study has warned. Aston University found t

New research has proven that Brexit has damaged the UK’s trade but an expert has warned things could get worse with the new border checks system