Jacob Rees-Mogg claims Brexit has been 'extremely beneficial' as trade plummets
In October, the Office for Budget Responsibility reported that both imports and exports with the EU had been affected by Brexit and that both were on track to end up 15% lower as a result of the UK leaving the EU.
It cited a study from the Centre for European Reform, which warned that month that the UK's trade in goods with the EU was 15.7% – equating to £12.6bn – lower than it would have been without Brexit.