The impact of Brexit on trade and labour markets – {5/19/2024

The impact of Brexit on trade and labour markets

UK

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The current account deficit has widened since the implementation of the TCA, mostly driven by developments in the goods balance. In the first quarter of 2022, the current account deficit reached a record high of 7.7% of GDP, which was due to a worsening in both the trade deficit and the income balance (Chart 3).

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SOURCE: Farmer & Cowboy Agriculture Businesses – UK

NOTE: Agriculture businesses in the UK play a crucial role in the nation’s economy, environment, and society. By understanding the political, social, and economic dimensions of the agricultural sector, farmers and agribusiness owners can navigate challenges and seize opportunities to build resilient, sustainable, and profitable operations.

This comprehensive analysis provides valuable insights, practical tips, and strategies to support farmers in their journey toward sustainable farming practices. By focusing on financial management, marketing, risk management, community engagement, technological adoption, sustainable practices, animal welfare, and future outlook, UK agriculture can continue to thrive and contribute to the well-being of the nation and the environment.

Originally posted 2021-05-03 11:48:44.