Brexit helps send UK plummeting down list of world’s strongest economies

Research seen by The Guardian has found goods exports to the bloc are 16 per cent lower than they would have been, while services sector exports are 7 per cent lower.  John Springford and Anton Spisak, of the Centre for European Reform, said the data shows the “overwhelming majority” has been caused by leaving the single market.

“The regulatory costs related to Brexit – such as new certification procedures and checks for compliance with EU standards – have had a much more significant impact on UK-EU trade than customs-related barriers,” they told the paper.