How Has Brexit Been Going?
Economics Explained
00:00
The U K's Trade Relationship With the E U
The u k is down about 100 thousand truck drivers, many of whom used to be non british citizens who worked in the u. K. The government has tried to fix these issues by granting five thousand three month emergency vises to truck drivers and putting military drivers on standby if things get really dire. Goods exports to the e u. Are down significantly this year, meaning trade intensity may very well see another ten % slide in 20 21. This drop in trade, employment and consumption has cost the government around 30 billion pounds,. just over forty one billion dollars in lost tax revenue. Coinclly, that was raised by introducing new taxation measures earlier this year. Heavy taxation during economic turbulence
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