Business and Economics

“It appears the UK simply stopped selling a lot of products to smaller countries in the EU," researchers noted.

In March the currency's deprecating value triggered huge queues to withdraw money from ATMs across Russia.

"This an unnerving result for those expecting more consistent recovery in the sector but with the slowest growth in new orders this year, pipelines of work are beginning to look emptier and threaten to affect production in the months ahead.”

Robert Jenrick said he was disappointed with the decision, but Goodlife Foods said there was "no viable alternative".

“The Netherlands is a great place to set up a business. They are ready to help and they sit next to so many key markets," one business owner said.

The figure had been expected to hit 6.7 per cent in the 12 months to March, but it actually rose to 7 per cent.

"In a crowded field, this is possibly the stupidest thing I've ever read on Twitter."

"Forget about money to heat their homes and buy food. What the people really want is a royal mint NFT," one person said.

"As far as trade is concerned, things are panning out in the manner once stupidly dismissed as “Project Fear”. And we will be poorer as a result."