The economic fallout from leaving the EU is becoming all too apparent.
A university report has rubbished claims that the UK is ‘taking back control’ by exiting the European Union after concluding that Brexit has resulted in ‘minimum freedom for maximum hassle’.
Polls show average annual gap between those who believe it was ‘wrong’ to vote to Leave compared to ‘right’ has risen to double digits for the first time. / A growing number of Britons say the UK was wrong to Brexit, according to a Standard analysis of more than 200 polls.
The UK is heading for a decade of Italy-style decline thanks to the 'long-lasting' hit from Brexit
18/05/2021
Britain's economy is on course to deteriorate to the level of deeply-struggling Italy over the next decade if it is unable to overcome the hit taken by challenges, including Brexit, according to a new report.
“The entirely avoidable Brexit crisis has had as much of an impact on UK businesses as the unforeseeable Covid-19 tragedy, and its costs are still rising."
igration has altered the size and shape of the UK labour market in recent decades, but the move to a more restrictive regime since leaving the European Union won’t drive the ‘high wage‘ economy that the prime minister has claimed it will, according to new Resolution Foundation research published today.
LSE finds one-third decline in trading relationships under Boris Johnson’s deal – which has hit small firms hardest. / Brexit red tape means the UK has “stopped selling” many products to smaller EU countries, according to alarming new evidence of the impact on trade.
Britain has delayed imposing its full post-Brexit import controls on goods from the European Union again, pushing it back until the end of next year, saying it did not want to add more fuel to fast-rising inflation.
Brexit uncertainty affected a large proportion of UK textile and apparel firms, both upstream and downstream—over 60 per cent of firms in both manufacturers and lead firms’ groups, according to researchers from the London School of Economics (LSE).
Fall in imports and exports not due to ‘teething problems’ or Covid, says expert.
Extra trade barriers created by Britain's exit from the European Union and subsequent trade agreement have added 6% to the cost of food, researchers from the London School of Economics and other universities estimated on Wednesday.
It’s five years since Britain voted to leave the EU – so what number should really have been on the side of the Vote Leave bus? Ben Chu examines the real impact of Brexit on the UK’s economy.
What should we call a project that poleaxes the economy, destroys our global reputation and threatens political stability in Northern Ireland? If we had known what would come to pass, how would we have voted on it six years ago?
There's been a huge fall in trade between the UK and Germany during the first month of the new trading relationship between the UK and the EU.
Brexit and pandemic have cost UK businesses £250bn each but EU departure tally now rising faster than Covid disruption
25/01/2022
The political choice of Brexit has cost UK businesses as much as the unforeseeable Covid pandemic.
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.
Brexit has damaged Britain’s competitiveness, and will make us poorer in the decade ahead
22/06/2022
Brexit has not had the expected effect of narrowly reducing exports to the EU, but has instead more broadly reduced how open and competitive Britain’s economy is, which will reduce productivity and wages in the decade ahead, according to new joint Resolution Foundation and LSE research.
Brexit has clobbered smaller businesses
30/04/2022
It has raised prices, too.
Trade friction has ‘clear and robust’ impact on supermarket prices, say economists.
The sole economic modelling exercise showing material benefits for the UK from Brexit has been debunked as “doubly misleading”, further demolishing the argument that for Britain “no deal would be better than a bad deal” when it comes to the EU.
A study by the Resolution Foundation think tank and London School of Economics details some of the outcomes of the decision to quit the EU - six years after the historic vote.
Bounceback from January’s collapse in exports may have stalled, expert warns.
In historical terms, however, those transgressions will end up being little more than footnotes. Viewed from afar, Johnson’s greatest failing is liable to be what he hoped would be his glorious legacy: Brexit.
Wages are worth less as direct result of departure from EU, says Monetary Policy Committe member. / Brexit has added 6 per cent to UK food prices, a Bank of England official has said as inflation hit a 41-year high.