Report Challenges Brexit Trade Catastrophe Claims

MPs and leading Brexiteers have reacted positively to the report’s finding that Britain did not experience a significant decline post-Brexit.

A Union Jack flag flutters in front of the Elizabeth Tower, commonly known as Big Ben, in London on Feb. 1, 2017. Jack Taylor/Getty Images

A new report by the Institute of Economic Affairs (IEA) has challenged critics who claim that Brexit had catastrophic consequences for UK trade.

Authored by economist Catherine McBride, the report has illustrated that UK trade with both EU and non-EU countries did not experience a significant decline post-Brexit.