The fallout from the U.K.’s exit from the EU is being felt more on the export side of the economy than imports currently. Sports retailer JD Sports will set up a warehouse in the EU to avoid customs challenges while the British Meat Processors’ Association has said exports have halved due to the added complexities of trading with the EU under the EU-U.K. Trade and Cooperation Agreement. The British Chambers of Commerce has also flagged that 49% of firms are “facing difficulties adapting to the changes”. Further uncertainties are likely given the EU wants to extend the ratification proces...
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