Jeremy Hunt’s budget shows that leaving the EU is only paying off in a parallel universe.
Dave Ramsden tells MPs referendum fallout also contributed to lower speed limit for growth of UK economy.
Flanders Investment and Trade reports that a record number of foreign investment projects were launched in our region during 2021. Many these came about due to the United Kingdom’s exit from the EU.
Brexit is costing the UK economy £100 billion a year ($124 billion), with the effects spanning everything from business investment to the ability of companies to hire workers.
Brexit has resulted in Wallonia receiving almost €358 million in investments, while 539 jobs have been created in the region since the UK’s withdrawal from the European Union.
Center for European Reform says departing the EU single market reduced investment by 11 per cent and goods trade by seven per cent in the second quarter of 2022.
Manabu Tamaru is shorting UK bond futures on expectations the nation will continue paying a hefty inflationary price for its divorce from the European Union.
The five key metrics are not pointing to anything good.
Brexit red tape hitting UK innovation
01/11/2022
An interesting story in the weekend press, one that highlights the negative impact of Brexit on innovation and product development here in the UK.
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.
The economic damage done by Brexit is happening sooner than feared, the Bank of England warned. / The central bank said the UK economy is being hindered by a sharper slump in trade with the European Union than implied by official statistics and “very subdued” business investment.
Brexit trade deal ‘very unstable’ and can easily be brought crashing down, legal expert warns MPs
06/01/2021
Shaky foundations a big problem for companies mulling investment in UK, inquiry told - despite PM’s boast of ‘a resolution’ of Europe issue.
Brexit trade war would have ‘immediate and devastating’ impact on UK economy, industry warns
15/11/2021
Business chiefs and economists say huge disruption lies ahead if Downing Street triggers Article 16.
Cross-border data show 30% fall in capital entering UK since referendum. / Brexit uncertainty in the UK has boosted foreign investment into the EU’s other 27 countries in the three years since the referendum, according to a Financial Times analysis.
Bank of England policy maker Jonathan Haskel said uncertainty over Britain’s exit from the European Union held back business investment in the U.K.
From the outside, nothing much has changed yet. From the inside, however, the UK has undergone a radical and at times ugly transformation. The June 2016 referendum has helped set off a chain of events that has impacted many aspects of life in the country.
The 2016 referendum result led to business investment being ‘stopped in its tracks’ and a ‘productivity penalty’ of £29bn, says Professor Jonathan Haskel.
Outgoing high commissioner in Singapore says Britain seen as divided and ‘careless of truth’. / Scott Wightman, Britain’s outgoing senior diplomat in Singapore, has said Britain is now seen worldwide as a country beset by division, obsessed with ideology and careless of truth.
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.
Brexit: a ‘total disaster’ of our own making
07/02/2024
Brexit has caused a crisis for British manufacturers who export into Europe – and things could be about to get even worse...
Brexit: despatches from the downside – No 21
10/02/2024
Poor regulation of harmful chemicals, the City losing control of trillions, the music industry on its knees ... more Brexit consequences.
Six years after the referendum on June 23, 2016, if we put aside the profound political consequences – a divided England, Scotland and Northern Ireland pulling away, a more isolated country – what is the economic toll?
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.
Boris Johnson probably wouldn’t have won many votes if he had campaigned on a slogan of ‘Brexit will make Ireland richer’, but that is precisely what his “oven ready” deal has done by making Britain less attractive to investment and less competitive in trade.