The Resolution Foundation said small firms have seen their exports to the EU fall by a third, with 20,000 companies having stopped exporting to the continent altogether since Brexit

The Resolution Foundation urged the Government to pursue an EU-focused trade policy, despite the threat of tariffs from the US.

A report published on Wednesday, the Resolution Foundation said British trade since Brexit had been 'a tale of two sectors', with service exports growing strongly but goods exports stagnating

Brexit crept back into the headlines last week after Bank of England Governor Andrew Bailey suggested British policymakers should consider partially mending the United Kingdom’s frayed ties with the European Union.