Author: Stephen Hunsaker / Topic: Trade

Author:: Jonathan Portes, Sarah Hall, and Stephen Hunsaker
Publication Date:: 06-2024
Content Type:: Special Report
Institution:: UK in a Changing Europe, King's College London
Abstract:: UK trade has, since the 2016 referendum, become a hotly debated subject. Which is not to say that it is simply a Brexit story; the uncertainties currently shaping UK trade are far from unique to the UK. Supply chain disruption associated with international conflicts, and a geo-political environment that is generally less conducive to trade, are impacting trade globally. In the immediate years following Brexit, trade data was complicated by the Covid-19 pandemic and a significant rise in global energy prices following Russia’s invasion of Ukraine. 2023 data released by the Office for National Statistics provides one of the first opportunities to assess the UK’s post-Brexit trade performance in detail. This report uses these data to set out the key recent trends in UK trade, outline where uncertainties lie and what the policy implications are.
Topic:: Brexit, Trade, COVID-19, Energy, and Russia-Ukraine War
Political Geography:: United Kingdom and Europe

Author:: Stephen Hunsaker
Publication Date:: 04-2024
Content Type:: Special Report
Institution:: UK in a Changing Europe, King's College London
Abstract:: The UK in a Changing Europe trade tracker focuses on three key areas: UK trade and its performance relative to historical data; UK trade in a global context and how it compares to the G7; and finally, newsworthy developments which have occurred within trade. Typically, it is a quarterly snapshot. However, with data for the last quarter of 2023 now out this edition of the tracker will look at 2023 as a whole and how trade performed over the course of the year. The tracker examines how UK trade measures compare to 2019 as well as the proportion of total UK trade with the EU. It also looks at a breakdown of UK total trade by country and region. In addition, the tracker looks at the UK’s trade balance and trade openness compared to the G7.
Topic:: Economy, Trade, and G7
Political Geography:: United Kingdom and Europe

Author:: Stephen Hunsaker
Publication Date:: 01-2024
Content Type:: Special Report
Institution:: UK in a Changing Europe, King's College London
Abstract:: The UK in a Changing Europe trade tracker is now being produced quarterly and in a new format. The new format trade tracker will focus on three key areas: UK trade and its performance relative to historical data; UK trade in a global context and how it compares to the G7; and finally, newsworthy developments which have occurred within trade in the last quarter. In the Q4 2023 edition, the trade tracker looks at how UK trade measures compare to 2019 as well as the proportion of total UK trade with the EU. In addition, the tracker looks at the UK’s trade balance and trade openness compared to the G7. Lastly, the tracker summarises the proposal for an independent UK Board of Trade, and explores what impact it could have and how likely we are to see its creation in the next year.
Topic:: European Union, Economy, Trade, and G7
Political Geography:: United Kingdom and Europe

Author:: Stephen Hunsaker
Publication Date:: 09-2024
Content Type:: Special Report
Institution:: UK in a Changing Europe, King's College London
Abstract:: The UK in a Changing Europe trade tracker focuses on three key areas: UK trade and its performance relative to historical data; UK trade with the EU and what has changed since Brexit; and UK trade in a global context and how it compares to the G7. This tracker reviews the first half of 2024 using ONS and OECD data. Following the election on 4 July, this data provides a final look at what the now-departed Conservative government achieved with its ‘Brexit freedoms’ on trade, and the situation the incoming Labour government has inherited. In this edition, we examine UK goods and services trade as a percentage of GDP as well as trade trends in the first two quarters of 2024. We then break down the data by goods trade with the EU and non- EU countries; exploring whether the previously puzzling trends of declining non-EU trade and stable EU trade continue to defy Brexit expectations. Additionally, we analyse UK total trade by country and region, including the top 10 UK trade partners, and how trade has changed over the past two quarters compared to the last few years. Lastly, we look at how UK trade fares when compared to its counterparts in the G7.
Topic:: Elections, European Union, Economy, Brexit, and Trade
Political Geography:: United Kingdom and Europe

Author:: Stephen Hunsaker
Publication Date:: 09-2023
Content Type:: Special Report
Institution:: UK in a Changing Europe, King's College London
Abstract:: The UK in a Changing Europe trade tracker is now being produced quarterly and in a new format. The new format trade tracker will focus on three key areas: UK trade and its performance relative to historical data; UK trade in a global context and how it compares to the G7; and finally, newsworthy developments which have occurred within trade in the last quarter. In this quarter’s edition, the trade tracker looks at how UK trade measures compare to 2019 as well as the proportion of total UK trade made up of trade with the EU. In addition, it looks at the UK’s trade balance and trade openness compared to the G7. Lastly, the tracker summarises the India-UK free trade agreement that has been in the works for the past few years, considering whether it is close to signing and what impact it might have on UK trade, as well as what elements are hotly debated.
Topic:: Economy, Brexit, and Trade
Political Geography:: United Kingdom and Europe

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