UK Losing Up to £6.5bn a Year in EU Trade, Thinktank Says

The UK is losing up to £6.5bn in annual EU exports due to the absence of a mutual recognition agreement on product testing, according to the IPPR. The thinktank estimates the shortfall at 0.18% of national income, with motor vehicles, electronics, and pharmaceuticals hardest hit. It urges the government to reopen talks with Brussels.