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Is Brexit Hurting the U.K. Economy? Trade Data Flashes a Warning

October 19, 2021


The global upswing in trade is leaving the U.K. behind, an early sign of the challenge Brexit is presenting its economy.

The U.K. formally began its new relationship with the European Union Jan. 1. Before then, and before the Covid-19 pandemic upended world trade, Jason Wouhra’s food wholesale business in England’s West Midlands, Lioncroft Wholesale Ltd., generated up to a quarter of its annual revenue from customers in Spain, Portugal and other markets in the EU.

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