Lets get back on track, instead of vaccine talk (since theirs already a covid19 thread for that sort):
So the transition agreement, ran out back in Jan 1st 2021.
So the UK is now out of the custums union, and single market.
It got a light FTA, so you could still trade somewhat easily with the EU.
Sadly, alot of things on the UK side, weren't in place in time, and they made a right mess of things working out how trade now is handled.
(extra paper work, checks ect)
We have gotten data for the first month now (since the UK got out, and had to deal with effects of it):
GDP fell 2,9% in jan (down over 9,4% YoY, thats mostly covid19 though).
Trade with EU fell 40.8% (but it also hurt the EU abit, imports fell 28.8%).
Its just the first month.
Time will tell how this developes.
In April, the UK will start imposeing checks/paperwork on the EU (if it has its systems ready by then),
which should result in another hit to the economy (of both).
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