Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this year.
Probably not the anniversary present the government was hoping to offer the public.
The forecast leaves the UK economy languishing behind sanctions-hit Russia.
Regret takes hold in Brexit bastion
27/01/2023
Grays, a town near London, voted overwhelmingly in favour of Brexit. But three years after severing ties with the EU, some are feeling remorse as the country lurches from one crisis to another.
Only a third of Leavers still see it as a success. So why won’t Starmer speak up?
The UK economy looks sickly against international comparisons, so let’s be honest about the three causes.
‘The project is probably now unsalvageable’, says former PM’s old employer. / The Conservatives have made such a “hash” of Brexit that the project is probably “unsalvageable”, according to Boris Johnson’s favourite newspaper.
Brexit has made Brits 'suffer' and been 'catastrophic' for the UK economy, says ASDA chairman Stuart Rose [1 min]
17/01/2023
Brexit has been "catastrophic" for British businesses and the country has "suffered" as a result, the chairman of Asda has said.
UK economy could be comparable to “Slovakia” in 10 years - says economist Duncan Weldon. / Will Dunn is joined by Duncan Weldon ... The two discuss the “uniquely” bad situation of the British economy, what role Brexit played in getting us here...
Editorial: The UK’s six-year Brexit hangover
05/01/2023
There's little talk of reversing the decision, but evidence of Brexit-induced harm is piling up.
However, disenchantment with Brexit has been one of the most notable trends of 2022 with a feeling that it has not lived up to the promises made at the time of the referendum. / Two thirds or 65% of British people think Brexit has gone badly compared to just 21% who think it has gone well according to an Opinium survey in early December.
In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.
In our series looking at life after Brexit, the European parliament’s former negotiator Guy Verhofstadt argues that Britain exchanged a Jaguar for a Ford Fiesta in the 2016 referendum.
Speaking at the CBI’s annual conference in November, 2022 UK prime minister Rishi Sunak argued that Brexit is “already delivering enormous benefits” to the UK economy. Our Poll asked: Do you agree?
"Good to see the BBC wading into the fray at last, now that the damage it's causing is too great to conceal", one person said.
Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.
THE UK will suffer the worst recession of any of the world's top economies as Britain's painfully high rate of inflation is exacerbated by the effects of Brexit and the UK Government's untargeted energy support scheme, a new report has found.
A former Tory minister has admitted a Brexit deal he backed at the time is "not actually a very good deal" and people are fuming.
George Eustice pulls no punches as he lays into the former prime minister in parliament, lambasting Ms Truss's achievements as international trade secretary.
It’s Brexit, stupid
14/11/2022
We are stuck in the Tory game of make-believe that everything is coming up roses in an English country garden. The reality is that following Brexit the rest of the world looks at England with a mixture of perplexity, pity, and amused contempt.
Former minister George Eustice admits Australia post-Brexit trade deal ‘not actually good for the UK’
14/11/2022
Tory former Environment Secretary says UK ‘gave away far too much for far too little in return’.
New Labour’s architect says only rebuilding bridges with the EU will solve what Sunak calls Britain’s ‘profound economic challenge’.
A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.
Truss can’t hide from the crisis she created
28/09/2022
Rejecting expertise and skill in favour of loyalty was always going to lead to this.
Red tape continues to frustrate small businesses as the hunt for the sunlit uplands goes on.