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<p>The Government keeps track of external analysis from third parties often based
on a range of assumptions and hypothetical views. Since leaving the EU, the Department
for Business and Trade has secured free trade deals with 73 countries in addition
to the EU, partners which accounted for £1.1 trillion UK trade in 2022, and simplified
import tariffs to lower costs for businesses and households.</p><p> </p><p>The UK’s
total trade with the world (including goods and services) increased by £43bn (inflation
adjusted) in 2023 compared to 2018. Since the referendum, the UK has grown faster
than Germany, Italy, and Japan and the IMF forecasted that the UK will see the 3rd
fastest cumulative growth in the G7 over 2024-2029, ahead of Germany, Italy, France,
and Japan.</p>
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