UK trade deal continues to hurt trade with 27% drop in exports since 2021 reports Aston University.   15:51 The US S&P 500 share index has just nudged an alltime intraday high. That puts the index on track for its first record closing high since mid-July.

Brexit is having “profound and ongoing stifling effects” on goods trade between the United Kingdom and the European Union, according to a new report.

Brexit red tape on British businesses has caused goods trade between the UK and EU to slump and the problem is getting worse, a study has warned. Many smaller UK producers have given up exporting small amounts to the EU after facing more rules and regulations, a report by Aston University Business School has found.

Jun Du, one of the report’s authors, warned: "The Trade and Cooperation Agreement introduced substantial barriers and there are ongoing and marked declines in the value and variety of UK exports and imports. "Without urgent policy interventions, the UK’s economic position and place in the global market will continue to weaken.”

New research has proven that Brexit has damaged the UK’s trade but an expert has warned things could get worse with the new border checks system