Story perspectives

UK Trade Statistics Suspended Amid Brexit and COVID-19 Volatility

9/12/2025

Summary

Story summary

The UK Statistics Authority suspended the National Statistics designation of UK trade on November 14, 2014, due to compliance issues.
An independent review in March 2015 confirmed the trustworthiness and quality of accredited official statistics.
Monthly GDP growth rates are volatile, requiring cautious interpretation.
Brexit and the COVID-19 pandemic have increased volatility in trade statistics.
Changes in data collection post-Brexit have impacted UK trade statistics.

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Story summary

The UK Statistics Authority suspended the National Statistics designation of UK trade on November 14, 2014, due to compliance issues.
An independent review in March 2015 confirmed the trustworthiness and quality of accredited official statistics.
Monthly GDP growth rates are volatile, requiring cautious interpretation.
Brexit and the COVID-19 pandemic have increased volatility in trade statistics.
Changes in data collection post-Brexit have impacted UK trade statistics.