Part 4/9:
Brexit's impact has led to staggering losses for British exports. Last year alone, the UK confronted a £27 billion hit to its export market, and a staggering 16,000 firms ceased exporting to the EU. Small companies have faced up to a 40% decline in exports, while larger entities also struggle with declining trends.
These hardships stem from a broader issue where rising costs associated with tariffs—particularly from a Trump-led trade agenda—threaten to exacerbate economic stagnation. If forced to purchase US energy at inflated prices, the costs for UK manufacturers will escalate, making it increasingly difficult to sell goods in an economically depleted Europe.