ONS figures could be a sign that the UK is losing its overall competitiveness, say experts
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Britain’s trade with the EU fell sharply in July, with Brexit and the global pandemic driving exports £1.7bn lower than in July 2018 and imports falling by £3bn, according to official data.
The Office for National Statistics (ONS) said the fall was largely driven by declines in medicinal and pharmaceutical products, which have been particularly hit by the need for separate regulatory approval post Brexit.