Tag Archives: European Union export

Brexit: UK Exports Outside European Union Fall Despite Weak Pound

London – Information reaching us has it that Exports of British-made goods to EU increase by £1.3bn, underlining country’s reliance on trade with continental Europe
Britain’s efforts to expand trade in goods beyond the European Union’s border took a knock in July after official figures showed the UK’s deficit with the rest of the world widened following a drop in exports.

The deficit in the trade in goods with non-EU countries widened by £2.4bn while exports to the EU grew to cut the trade gap by £1.3bn.

The figures were released as a new report from thinktank the National Institute of Economic and Social Research (NIESR) said economic growth shows signs of accelerating in the UK, albeit still at a slower pace than in recent years.