U.K. No Island When It Comes to Exports, Bank of England Analysts Say

The U.K. is no island when it comes to exports, with the ability to access global value chains significant to the economy, according to a Bank of England staff blog.

Analysts at the central bank’s Structural Economics Division used a decomposition of U.K. gross exports into different value-added components to illustrate Britain’s trade interlinkages. The findings come as the U.K. looks to reshape its trading relationship with the world after it leaves the European Union.