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.
The cost of Brexit to June 2022
21/12/2022
My latest update estimates Brexit reduced Britain's GDP by 5.5 per cent by the second quarter of 2022. My model avoids the cherry-picking of data, and performs better than its critics’ methods.
Northern Ireland's construction outlook good - but Brexit 'complicates trade and hampers growth'
02/02/2023
The fall-out from Brexit continues to "complicate trade and hamper growth" in the north's construction sector, according to the latest industry barometer from Aecom.
The UK is on course to be the world's worst-performing major economy this year, according to updated predictions from the International Monetary Fund - which puts at least part of the blame on higher taxes and interest rates.
Three years after the UK formally exited the European Union, the International Monetary Fund (IMF) has released new economic forecasts for 2023 which project that the UK will be the only advanced economy to contract this year.
Brexodus: Where have all the workers gone?
26/01/2023
The consequences of ending the free movement of people between Britain and the EU are becoming painfully clear.
Trade Consultation: Give Your Evidence - UK Trade and Business Commission [Deadline: 17/03/2023]
23/01/2023
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.
The UK economy looks sickly against international comparisons, so let’s be honest about the three causes.
The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.
From Brexit to Regrexit [9 mins]
10/01/2023
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?
The evidence increasingly shows that our decision to leave the European Union has lifted the price of imported goods, flattened business investment and damaged trade.
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.
New research conducted by the British Chambers of Commerce has found that British businesses are being hampered in their trade with the EU because of the current Brexit deal but it finds that some changes and a few "side deals" could solve some key problems.
Brexit: The scorecard two years on
02/01/2023
So how is it going? In economic terms, the past year has helped differentiate the impact of Covid from the impact of Brexit. / Doing so has exposed a hefty price being paid by many firms, as well as public service employment, for dislocation of Britain from its nearest neighbour's trading bloc.
Brexit regret: Why the ‘undeniable disaster’ finally hit home with the British public in 2022
01/01/2023
Public opinion shifted against Brexit after a deluge of damning evidence on economic costs.
Brexit end of free movement causing labour shortage ‘shock’ but not wage growth, government advisors warn
13/12/2022
Vacancies in sectors most reliant on EU workers not translating into higher wages.
IoD and unions among groups writing to government, saying move would cause business chaos, harm rights and threaten environment.
Asked about feared 4% GDP slump, Jeremy Hunt says he doesn’t accept ’all’ OBR forecasts – adding ‘I accept all the ones I agree with’.
As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.
Brexit brings a blight, not a boon
22/11/2022
We need the word “rejoin“ to have the same weight and significance as the word “Brexit“.
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.
Sky's Paul Kelso, at the CBI's annual conference, says there is a clear message that Brexit isn't working for business and the government is failing to deliver policies that will help growth recover.
'Brexit has been a disaster': Brexiteer says UK needs to rejoin EU to gain economic growth [4 mins]
19/11/2022
The only way the UK can gain economic growth is by 'rejoining the EU,' says LBC caller.