“It’s undeniable now that we’re seeing a much, much bigger slowdown in trade in thefrom a lawmaker on parliament’s Treasury Committee.“There’s also the services exports side … there again, we’re seeing a really strong stagnation. We’re definitely performing below trend in terms of the exports numbers, in terms of the imports, even probably a bit bigger than that.”
Catherine Mann, another member of the BoE’s Monetary Policy Committee, said small firms were being hit hardest bydue to the extra paperwork required for exporters and importers which was also adding to inflation.
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