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[–] 3 points 5 days ago*

He said there is “a huge prize” in economic growth to be had by fixing the loss in trade and noted that since the UK voted to leave the EU in 2016, UK goods exports by tonnage have fallen 20.7 per cent. Export volumes to the EU have fallen 15.9 per cent, while exports to the rest of the world have fallen 37.2 per cent.

I'm not even sure how to make sense of that. If you had asked me, I would have assumed the main drop in export tonnage would have been to the EU. I suppose the most likely explanation is that buying from the UK must have become more expensive due to the loss of standardization in regulations and processes, and trade partners decided to buy those goods from elsewhere in the EU in order to keep the standardization. That's just a guess though. And even with that explanation, I can't figure how it wouldn't hold at least as true for EU trade partners as for non-EU.

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