The EU27 and UK economies are interdependent

There is a strong mutual dependence between the UK and EU27 economies, with two-way trade flows and investment across sectors that is supporting jobs and helping to maintain European competitiveness.

It is important that unnecessary disruption to trade and investment relationships — and the jobs that these support — is avoided, which means economic interests must be considered alongside political interests in Brexit negotiations.

Source: Eurostat, ONS;
ONS, own calculations