UK losing up to £6.5bn a year in EU trade due to mismatched product rules

IPPR finds failure to align testing standards has forced companies to abandon exporting to EU and is costing costing 0.18% of national income The UK is losing out on annual exports to the EU that could be worth as much as £6.5bn without a deal with Brussels that allows manufacturers to jettison duplicate product testing. In the latest attempt to calculate the loss of trade with the EU after Brexit…