BBCNEWS Talking Business June 4, 2024 15:53:00
In the uk, only around 20โ 25% of products being bought by english buyers were bought from english sellers, the rest would come from europe and the logic behind that is that uk was part of the bigger european ecosystem and part of the bigger supply and demand. and with brexit, overnight, when brexit happened, a lot of focus was on the import tariffs, but with brexit overnight on every single product being bought and sold in europe from the uk and vice versa had a vat markโup of up to 20%. so...
Source: archive.org