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Speaking to Sky News, a former British ambassador to Japan noted the impact of Brexit, saying many companies are maintaining a presence in the UK, but moving the bulk of their operations to Europe. / Asked about the former ambassador's assertion, Labour's shadow environment secretary Jim McMahon told Kay Burley: "To some degree, it's a natural consequence of leaving the single market."
Sir Keir Starmer has told Sky News the UK needs a "better" Brexit deal and has said a government under his leadership would renegotiate with the EU.
European Central Bank research also indicates that a significant number of UK firms have ceased trading with the EU due to increased bureaucracy.
It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.
Fears of new disruption to fresh produce supply from EU when import controls hit in October.
Brexit resulted in a 25% fall in imports from the EU and created “a large increase in barriers to trade”, according to research.
The UK economy is yet to feel the worst impacts of Britain’s divorce from the European Union, senior business leaders said, in spite of Prime Minister Rishi Sunak’s recent efforts to smooth relations with the bloc.
Sir Ed Davey said the UK must repair its "broken relationship with Europe" to boost the economy as the Lib Dem leader set out his party's main arguments for winning seats at an election during the spring conference.
Brexit “slammed the brake on UK investment”, SNP economy spokesperson Stewart Hosie has said. / Responding to Chancellor Jeremy Hunt's Spring Budget, Mr Hosie argued the UK economy was “one of the weakest” in the G7.
According to the Office for National Statistics (ONS), within the last quarter of 2022, the UK imported about £33billion more than it exported to the EU. / This is the worst performance of the UK export trade balance since records began in 1997. / This is a shocking testimony that Brexit has caused fundamental deep-rooted damage to British exports.
I have started reading the Brexit literature again. A recent paper – ‘What impact is Brexit having on the UK economy?’ by Graham Gudgin, Julian Jessop and Harry Western (GJW) from October 2022 argues there is no hard evidence of harm and that studies that claim to find harm are biased and/or incompetent! In this blog, I consider a few of their points in four areas.
Brexit created "frictions" in trade that impacted the UK economy, Work and Pensions Secretary Mel Stride has said.
A project manager’s disdain at chancellor Jeremy Hunt’s speech to Bloomberg's city HQ – ‘the UK will soon probably need to start offering its own nomad visa just to get people to come here,’ probably resonated with many IT contractors.
British Chambers of Commerce presents government with urgent recommendations as members report struggling to sell into EU.
Brexit is thought to be a key reason why Britishvolt couldn't attract the private investors it needed.
The UK Trade and Business Commission is gathering evidence to understand the main challenges facing businesses, organisations and economic sectors to establish which policies and trading arrangements will help overcome the economic and trading barriers facing the UK today.
Government accused of ‘failure and broken promises’, as exports set to slump next year.
Labour leader to urge PM to take on Eurosceptics in attempt to resolve Northern Ireland protocol issues.
Almost three years after the United Kingdom's formal departure from the European Union, voters are turning sour on the 2016 decision to leave. A recent poll showed that 57% of voters view the departure from the EU as a mistake compared to the 52% who voted for the original Brexit referendum. So what changed?
Supply-chain pain caused by the UK’s split from the European Union still lingers for British manufacturers and retailers trying trade with the rest of Europe and beyond.
The impact of Brexit has only added fuel to the fire of severe challenges facing health and social care in the UK, warns the Nuffield Trust.
How has leaving the EU affected Britain?
Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.
Extra checks and requirements on goods crossing the border has increased food prices by 6% overall, says the Centre for Economic Performance.
Brexit piled on an average of £210 extra to household food bills in two years, a fresh research paper has found.