UK exports to the EU fell 40.7% in January, according to the Office for National Statistics (ONS), while imports tumbled 28.8% and the economy shrank by 2.9% amid the third lockdown. The figures, the first since new trading rules between the UK and the EU came into force, show the biggest drop since records began. The ONS said temporary factors were likely to be behind many of the falls. KPMG Accountancy said Brexit caused the plunge in trade between the UK and the EU. In contrast, the UK's trade with non-EU countries grew by 1.7% in January.