UK trading position and options post BREXIT

It is a cliché but Britain is a trading nation. Last year the UK exported £669bn of goods and services to the world equivalent to 36.5% of GDP. It is therefore critical to UK economic health that an optimal trade deal is reached as trade growth is a key driver of economic and employment growth and ultimately prosperity.The note looks at the UK's current asymmetric trading position: good at services and global trade, very poor at goods and EU trade resulting in the largest current account deficit in the G7 and outlines the post BREXIT options available.