This will only get larger, as imports from the EU into the EU have additional restrictions and checks from this year.
If these figures continue, it will mean the UK will have successfully left the EU without much damage and can look forward to a prosperous future, much to the annoyance of the EU commissioners.
Full data here, it’s much more interesting than this article.
“Imports” (only) are a red herring, exports are equally if not more important for a country’s financial well-being (unless you like devaluation):
>Meanwhile, the trade deficit is widening, and hit its highest point on record last year.
>The UK imported £156 billion more in 2021 than it exported, an increase of 20% on the year before and up significantly compared to previous years as well.
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This will only get larger, as imports from the EU into the EU have additional restrictions and checks from this year.
If these figures continue, it will mean the UK will have successfully left the EU without much damage and can look forward to a prosperous future, much to the annoyance of the EU commissioners.
Full data here, it’s much more interesting than this article.
https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/december2021
“Imports” (only) are a red herring, exports are equally if not more important for a country’s financial well-being (unless you like devaluation):
>Meanwhile, the trade deficit is widening, and hit its highest point on record last year.
>The UK imported £156 billion more in 2021 than it exported, an increase of 20% on the year before and up significantly compared to previous years as well.
New era