So it was just a blip after all. Remember those huge headlines last month revealing that exports to the EU had plunged by 41 per cent in January, leading frustrated remainers to bleat: we told you so? ‘Brexit – the unfolding disaster’ tweeted Lord Adonis for one, along with a graph showing the sharp fall in January.
Now we have the figures for February, which has been reported rather less loudly, but which show just as strong a rebound. Exports in goods to the EU in February, records Her Majesty’s Revenue and Customs, were 56 per cent up on those in January. They are still down 11.6 per cent on February 2020, but then that is largely a reflection of the effect of Covid on the economy – the entire UK economy is nearly 8 per cent smaller than it was before Covid.
Total exports, including services, rose by 46.6
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