Emeritus Prof Christopher May on Nostr: Large firms have been less impacted by the changes the Brexit has brought to cross ...

Large firms have been less impacted by the changes the Brexit has brought to cross border trade with the EU;

for the most part the largest firms have managed to maintain or expand their business across borders by responding to the new situation... however, overall imports & exports have declined because other than the top 20% of firms all the rest have either reduced or completely stopped their trade with Europe.

For an economy as open as the UK this is seriously concerning!

#Brexit

h/t FT