Real pay set to be £470 lower per worker each year, say top economists. / “We can’t blame Brexit for all of the 5.2 per cent GDP shortfall … but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CEF study.
Figures on the cost of Brexit reported by ITV last week could have given a misleading impression of the cost of leaving the EU.
A study by the Centre for European Reform reveals the “troubling” cost of Brexit and says the losses are now too big to ignore.
Brexit has cost the UK economy billions of pounds in lost trade and tax revenues, according to research shared with ITV News by the Centre for European Reform. / It estimates the economy is 5% smaller than it would have been if the UK had stayed in the EU.
The UK is lagging behind European counterparts in terms of growth because of Brexit, the Director of Tax Research UK tells Nick Ferrari.
Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities
18/05/2022
Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City A.M. this morning.
THE former CEO of Sainsbury’s has been clear about what initially caused the cost of living crisis – telling Sky News that Brexit is to blame.
‘Brexit ruined my business almost overnight’: UK dealer says his income has plummeted by 60% since Britain left the EU
28/04/2022
Almost all of Steve Shovlar’s clients are based in Europe—but added taxes and red tape are putting them off.
Gemma Lee handed hefty tax bill for lifesaving 'miracle' drugs because of post-Brexit rules
13/04/2022
A terminal cancer patient has been handed a hefty tax bill for her "miracle" lifesaving drugs, because of changes to how VAT is charged post-Brexit.
The Brexit bus promised the NHS £350m a week – but it’s British workers paying the price in higher taxes
06/04/2022
As Britons, not Brussels, foot the bill, many will be asking how a Brexit bonus turned into a tax bombshell.
Greg Hands was asked why Michael Gove made the promise if it is now considered a bad move.
How Brexit is Levelling Down Luxury Brands
31/01/2022
Britain’s economic and cultural prowess is suffering due to post-Brexit tax changes, reports Sascha Lavin. / As the Government publishes a 100-page ‘benefits of Brexit’ paper today, luxury brands are calling on Boris Johnson to rethink a post-Brexit policy that is harming their international competitiveness.
Regime change at No.10 could revive one vision of the British economy. But it remains totally unrealistic.
Liz Truss faces backlash on Australia trip over plans to hike UK taxes on wine from Down Under
21/01/2022
Foreign secretary Liz Truss is facing a backlash from Australian wine producers during her trip Down Under, amid complaints that any benefits from a post-Brexit trade deal will be more than wiped out by proposed changes to UK taxes on alcohol.
Wine trade fury at Sunak tax plan that will force up prices and create ‘unworkable’ red tape
09/01/2022
Industry condemns ‘simplification’ of duty touted by Boris Johnson as key benefit of Brexit.
There are fears that the cost of carrying out extra Brexit border checks may fall on island ratepayers unless more cash is forthcoming from central Government.
For 2021, national tourist board Visit Britain has forecast that visitor numbers will be lower even than in 2020, when travel restrictions were at their highest.
Brexit is forecast to do more permanent damage to the economy than Covid. But this self-inflicted wound can be healed.
British luxury retailer Matchesfashion has been hit hard by COVID-19 and Brexit, its Companies House filings revealed.
Boris Johnson ‘hung up’ on trying to prove Brexit was good and flight tax change meaningless, government’s climate adviser says
31/10/2021
Rishi Sunak's cut to tax on internal UK flights in Wednesday's Budget was an example of the government trying to prove Brexit was a good idea, a top climate adviser has claimed.
Government slashed domestic flight taxes ‘to prove Brexit was a good idea’, says top climate adviser
31/10/2021
The decision by Rishi Sunak to cut domestic flight taxes was met with opposition by climate groups and Labour figures
The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.
The independent Office for Budget Responsibility has calculated that the scarring effect of covid lockdowns on the UK economy is only half of what it has cost the UK to leave the European Union.
Vote a boost for reformers and reflects desire to rein in super-rich after Pandora paper revelations.
Next boss, thinktanks and unions criticise Boris Johnson, saying ‘shortages cannot be blustered away’