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True cost of Brexit on UK trade revealed as calls to rejoin single market grow
United Kingdom🏛️ PoliticsProgressive14 hr. ago

True cost of Brexit on UK trade revealed as calls to rejoin single market grow

A report by Logistics UK reveals that Brexit is costing the UK £11.7 billion annually in lost exports, with losses equivalent to £400 per household yearly. The study highlights significant declines in UK goods exports, particularly to the EU and globally, and attributes these losses to increased bureaucracy and reduced market access. The report urges Prime Minister Rishi Sunak to align more closely with EU regulations and calls for the UK to rejoin the EU’s single market and customs union. This follows a major survey showing that 72.8% of firms believe Brexit negatively impacted their businesses, with overwhelming support for rejoining the single market. Despite Labour MPs' backing for rejoining, Andy Burnham has adhered to Keir Starmer’s Brexit red lines, disappointing some who hoped for a reversal. Logistics UK emphasizes that simplifying trade procedures could boost economic growth.

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The Independent logoThe IndependentIndependentProgressive14 hr. ago
True cost of Brexit on UK trade revealed as calls to rejoin single market grow

A report by Logistics UK reveals that Brexit is costing the UK £11.7 billion annually in lost exports, with losses equivalent to £400 per household yearly. The study highlights significant declines in UK goods exports, particularly to the EU and globally, and attributes these losses to increased bureaucracy and reduced market access. The report urges Prime Minister Rishi Sunak to align more closely with EU regulations and calls for the UK to rejoin the EU’s single market and customs union. This follows a major survey showing that 72.8% of firms believe Brexit negatively impacted their businesses, with overwhelming support for rejoining the single market. Despite Labour MPs' backing for rejoining, Andy Burnham has adhered to Keir Starmer’s Brexit red lines, disappointing some who hoped for a reversal. Logistics UK emphasizes that simplifying trade procedures could boost economic growth.

Bias read (Progressive): The article frames Brexit as economically damaging and presents calls for rejoining the EU as a positive step toward growth. It highlights the negative impacts on businesses and communities, emphasizing the need for regulatory alignment and simplified trade processes. While it does not overtly call,

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