Four years after Brexit, its impact on the economy and the political landscape continues to unfold. The EU-UK Trade and Cooperation Agreement may have avoided tariffs, but most trade between the two blocs is now subject to non-tariff barriers. These barriers, including extensive paperwork and checks, complicate and inflate the cost of trade. This is a fixed cost that significantly impacts small and medium-sized enterprises in particular. The adjustment process - how businesses, both in the UK and elsewhere, adapt to the new rules - is far from complete. Even so, Brexit has hardly been discussed in the current UK ... (full story)