<p><span><span><span><span lang="EN-US"><span><span>Although the economy of the UK dropped less than predicted, the UK’s business with the EU was seen to have dropped as the transition period of Brexit has ended. Impact includes,</span></span></span></span></span></span></p>

<ul>
	<li><span><span><span><span lang="EN-US"><span><span>Trade between the United Kingdom and the European Union is still subject to customs checks, implying that trade is not quite as easy as it was when the United Kingdom was a part of the European Union.</span></span></span></span></span></span></li>
	<li><span><span><span><span lang="EN-US"><span><span>Aside from decreased trade, the GDP of the country decreased by 2.7% in January 2021. But, the decline in GDP is primarily due to limited economic activity during the pandemic, which was imposed shortly after the year began.</span></span></span></span></span></span></li>
	<li><span><span><span><span lang="EN-US"><span><span>The manufacturing and services have been harmed, but this has been somewhat offset by a substantial rise in healthcare spending, because of the country-wide implementation of a test-and-trace system to stop the virus from spreading.</span></span></span></span></span></span></li>
	<li><span><span><span><span lang="EN-US"><span><span><span>On January 1, the United Kingdom exited the EU's customs union and single market.</span></span></span></span></span></span></span></li>
	<li><span><span><span><span lang="EN-US"><span><span>Brexit is most likely to be blamed for the sharp drop in exports and imports. Exports to the EU plummeted by 40.7 %, while imports fell by 28.8 % when contrasted with December, the biggest fall since comparable figures began being gathered in 1997.</span></span></span></span></span></span></li>
	<li><span><span><span><span lang="EN-US"><span><span>Export to the nations which are not under the EU increased by 1.7%, while imports decreased by 17.6% from that very same nation.</span></span></span></span></span></span></li>
	<li><span><span><span><span lang="EN-US"><span><span>Two-third of UK exporters have encountered difficulty while exporting their products, with extra documentation being one of the most frequent problems.</span></span></span></span></span></span></li>
</ul>

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