Part 7/10:
With the conclusion of Brexit, the UK lost its no-tariff status within the EU, leading to a shift in export dynamics. Data shows that goods exports to the EU have decreased significantly since 2020, while exports of services have increased, indicating a shift in the economic landscape. The UK has sought to establish new trade partnerships, achieving some positive outcomes outside of Europe; however, there are looming concerns regarding tariffs, especially with the potential imposition of duties by the US under upcoming administrations.