Withdrawal from the EU: Economic Impact

Part of Treasury – in the House of Commons on 21 March 2023.

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Photo of Victoria Atkins Victoria Atkins The Financial Secretary to the Treasury

It remains challenging to separate the effects on the UK economy of Brexit and of wider global trends, such as the invasion of Ukraine by Russia, that add pressures on trade, prices and the wider economy. The Government have been working to take advantage of leaving the EU, including through the Edinburgh reforms, new freeports and the opportunity to shape new trading relationships with the rest of the world.