5 months to go before Brexit, but UK's exports already down 13%: Study

No tariffs or trade barriers have been placed between the UK and EU yet

Over the past few months, we have been investigating how the vote of June 23 2016 has since affected the volumes and patterns of Britain’s trade with major trading partners inside and outside the European Union. By comparing trade flows with a model of what UK trade flows would have looked like had the UK voted to stay in the EU, we can clearly see that British exports to both EU and non-EU countries have taken a hit.

The very fact that Brexit hasn’t actually happened yet makes this question even more interesting to us as trade economists. No tariffs or