The UK is experiencing the largest trade deficit in its history.
It’s down more than 30% since March 2016, according to figures from the Office for National Statistics (ONS), as the Government and its trading partners seek to contain the effects of the Brexit vote.
The UK’s trade deficit is the biggest in the EU.
The figure has risen by more than a quarter since the UK joined the bloc in 1973, and it’s now more than double the EU average.
The trade gap is due to the huge impact of the EU’s rules on the value of goods and services that are traded across the single market.
That means that British companies are paying much higher import duties on goods from the EU than they would be paying in the rest of the world.
That’s because the EU imposes tariffs on a wide range of goods, from car parts to pharmaceuticals.
It also imposes import taxes on goods imported from the rest or non-EU countries.
Those tariffs, in turn, drive up the cost of imported goods.
“This is not about the EU,” said Andrew Wigmore, a trade economist at the Centre for Economic Performance, a think-tank.
Brexit is already having a huge impact on the UK market. “
What we’re seeing is a huge trade gap that has been created because of the way we’ve been trading.”
Brexit is already having a huge impact on the UK market.
In the 12 months to April, exports to the EU grew by just 0.7%, the slowest pace since the early 1980s, according the Office of National Statistics.
The pound has lost almost half of its value against the euro since the vote, and the pound’s value against other currencies has fallen by more, according TOEFL tests.
Inflation has risen, and many workers are seeing their wages fall as they wait for a better deal on their taxes and the benefits of the Government’s welfare payments.
“The biggest concern is that if there’s a hard Brexit and we get out of the single currency, it would mean we’d lose a huge amount of our trade advantage,” said Nicky Williamson, an economist at ING.
“That is going to be really hard for us to get back.”
A trade agreement would be a major part of the solution, although that has yet to be announced.
The Government is also seeking to find a solution to the current dispute over the price of a British Airways flight from Brussels to London, which is estimated to cost the airline more than £10m.
The EU has warned it would “cut off” the UK if it tried to impose tariffs on flights from the country.
The dispute is expected to become a major issue in the 2019 European Parliament elections.
There have been calls for the UK to renegotiate the terms of the agreement that came into force on January 1, 2019, as well as the terms for the financial settlement between the EU and the UK.
That would be in line with the agreement signed in February 2017.
But the Government has been pushing for a trade deal, which it says it will need in the first instance to keep Britain in the single trading bloc.
Trade and Investment Minister Mark Hoban told the BBC on Monday that negotiations were going well.
“We’ve been talking with the EU, we’re making progress on a new deal and that’s what we’re looking to do,” he said.
“I think we’re getting there and we’re moving forward with that and there’s no doubt that we’re going to get it done.”
A Government spokesman said that it was “proud of the progress we’ve made over the past 12 months”, and that “we’re still getting there”.
He added: “We’re also committed to working with our partners to build a more prosperous, secure, and competitive economy.”
There are two things that we need to do, and one of them is to agree a fair and just deal between the UK and the EU.
“He added that the Government would “continue to pursue our long-term trade strategy with the UK” but that the EU “will have to accept some significant concessions in order to move forward.
“Until we do that, the Government is committed to the position that we have put out there, that the trade deal we’re negotiating with the United States will be negotiated with the Parliament and the Government of the day.” “
There will be a negotiation with the people of the United Kingdom to get that deal, but I think there will also be a negotiating session with the European Commission,” he told the Andrew Marr Show.
“Until we do that, the Government is committed to the position that we have put out there, that the trade deal we’re negotiating with the United States will be negotiated with the Parliament and the Government of the day.”
What to know about Brexit and the single trade deal The UK and its partners in the European Union (EU) have agreed