When trade suddenly halves — which is like half the blood in your suddenly going missing — it’s what’s called in economics a “sudden stop.” That’s as dire as it sounds. Where do we see “sudden stops” happen, and why? They are things that t…
Trade didn't suddenly halve. Trade with Europe suddenly halved. Trade with Europe was around 44% of the UK's exports (and I think around 60% of imports). If that halved, then UK trade reduced by around 1/4 not a 1/2.
It's absurd and stupid, but it should be reported accurately to make the point.