To ask Her Majesty's Government what assessment they have made of the impact of the UK–EU Trade and Cooperation Agreement on the level of trade experienced by businesses based in London.
28 April 2021
On 13 April, the Office for National Statistics released the latest statistics on EU-UK trade which show a welcome growth in the value of trade with the EU, with goods exports close to the average 2020 level.
The vast majority of traders and hauliers have adapted well, and our focus now is on making sure that any business that is still facing challenges gets the support they need to trade effectively with the EU. We are continuing to monitor and assess the situation, including any potential change in trade patterns.
As the Office for National Statistics notes, it is premature to make any firm judgments on the long term impacts of our new trading relationship with the EU, especially with the pandemic still ongoing.