Economics
Real-Time Data Say Brexit Dent to Trade Isn’t Improving
- Transporeon figures show volumes are about 3/4 of 2020 level
- Gap in goods trade between 2020 and 2021 is getting bigger
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The impact of Britain’s departure from the European Union’s single market isn’t letting up after five weeks of the new trade deal.
High-frequency data show that freight volumes from the U.K. to the EU were down by about 25% from year-ago levels last week because of Brexit red tape and the impact of the coronavirus, according to the logistics platform Transporeon.