UK goods exports to the EU fell 40.7% in January, according to the Office for National Statistics (ONS), while imports tumbled 28.8%. The ONS also state that the economy shrank 2.9% in January this year after it was hit with a third national lockdown. Whilst it was not surprising to see the UK's economy go back into reverse given the lockdown, the bigger question will be what impact this lockdown will have on long-term growth - especially given the real unlocking of the economy does not come until April. Also covered, Small Business Finance Markets report and insolvency rule review.
