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Brexit and services: the vital component of the UK economy that the trade deal won’t cover

They make up 80 per cent of UK GDP and 40 per cent of its trade with Europe. But services firms will be left badly exposed by Johnson’s planned free trade agreement

By Alex Dean  

He may not reach a deal—and if he does, will it be adequate? Photo: WIktor Szymanowicz/NurPhoto/PA Images

Brexit is now a near certainty, but the future trade terms with Europe are all to play for. This is one of the most pressing economic questions the UK faces today. The EU is by far our largest export market and any restriction of access would have a severe impact.

Commentators have shown justified concern that the UK is already setting itself up to fail in negotiations. They worry in particular that the…

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