The UK is facing its most severe trade challenge in decades – and at the worst possible time. If the Labour government is committed to fostering sustained growth, it must place trade at the heart of its economic plans. Since taking office in July 2024, Britain’s Labour government has made economic recovery its central priority. Strikingly absent from its growth plans is a focus on trade. However, the UK is currently experiencing the most severe trade stagnation in a generation – and one that has undermined post-pandemic recovery and continues to weigh heavily on the country’s growth prospects. For the Labour government to revive stalled growth, trade must be placed at the heart of its economic strategy.
Author: Anton Spisak, Associate fellow – Centre for European Reform.
This article is available on the Centre for European Reform.
