UK Luxury Lobby Blames Brexit for Growth Lag in EU-Bound Exports
UK exports of high-end items to the European Union have lagged behind the broader growth of the country's luxury sector, a trend that industry lobby Walpole attributes to Brexit.
The value of shipments of British designer goods to the EU rose to £18 billion ($23.9 billion) in 2022, from £16 billion in 2017, a pace that's far below the industry's 11% in compound annual growth during the same period, according to research conducted by Frontier Economics for the industry lobby.
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