A Centre for Cities' customs arrangement between the UK and EU may impact trade in services, think tank Centre for Cities has warned. Cities are particularly dependent on services exports, which account for just 52% of the UK total, compared to just 52% of goods exports. EU report warns a future customs deal is likely to overlook trade in services, which would leave the majority of UK exports to the post-Brexit facing trade barriers. This, in turn, would hit the economic prosperity of many cities and those living and working in them, said post-Brexit , Andrew Carter .
A post-Brexit customs arrangement between the UK and EU may impact trade in services, think tank Centre for Cities has warned. Cities are particularly dependent on services exports, which account for 77% of the UK total, compared to just 52% of goods exports. Centre for Cities' report warns a future customs deal is likely to overlook trade in services, which would leave the majority of UK exports to the EU facing trade barriers. This, in turn, would hit the economic prosperity of many cities and those living and working in them, said Centre for Cities CEO, Andrew Carter.