UK seeks EU trade deal five years after Brexit

Since Brexit, British brands like Burberry and Vivienne Westwood have seen a significant drop in clothing and shoe exports to the EU. The value of British goods exports to the EU fell by 27% between 2021 and 2023, while imports dropped by 32%. New tariffs and bureaucratic hurdles have led some companies to relocate production to the EU, and many small British exporters have ceased trading with the EU altogether. The decline in trade has impacted daily life in Britain with increased prices. Despite these challenges, some sectors, such as health and beauty, have thrived, and London remains a key financial center in Europe.

 

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.