Official data shows that Britain’s economy shrank by 2.9% in January after the country re-entered coronavirus lockdown. According to the Office for National Statistics, GDP hit reverse after 1.2% growth in December.
The economy was also 9% percent smaller than its pre-pandemic level. Exports of British goods to the European Union collapsed by almost 41% in January after Brexit, official data shows.
The value of UK goods exported to the EU fell £5.6 billion ($7.8 billion, 6.5 billion euros) from December, the Office for National Statistics says.
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Tagged as: Coronavirus, Brexit, Lockdown, UK Economy.
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