Article preview: The latest official figures show the UK economy contracted by 2.9% in January. Economic growth declined as the third national lockdown came into force in England and trade with the EU declined sharply following the Brexit trade deal. The figures show that the export of goods to the European Union declined by 40.7% in January. Exporters struggled with the new trading arrangements and increased red tape following the end of the Brexit transition period.
Bad start to the year for the UK economy
This 505-word blog post looks at the latest official figures for the UK economy, understanding the impact of lockdown restrictions and post-Brexit trade. Written on 12th March 2021.
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