Despite Brexit & the Tories (declared, at least) attempts to re-orient trade towards different countries, Europe remains the UK's main trading partner; as the UK is such a 'open' economy, this accounts for a lot of economic activity.

This is unsurprising as the 'gravity theory' of trade suggests countries trade most with the nearest markets & less with those at a distance.

Only when this reality is acknowledged can UK trade policy start to rebuild what the Brexiters wrecked!

#economics