Jeremy Hunt’s budget shows that leaving the EU is only paying off in a parallel universe.
Chris Heaton-Harris says "no", leaving the EU has not damaged the economy. / Northern Ireland Secretary Chris Heaton-Harris was left struggling to defend the economic case for Brexit, after being put on the spot by Sky News’ Sophy Ridge.
As self-inflicted disasters go, it ranks as one of the worst in modern economic history."
An Ipsos poll suggests that most people think Brexit is going worse than expected.
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.
The problems have been "amplified" by Brexit, the former Bank of England governor said.
Government accused of ‘failure and broken promises’, as exports set to slump next year.
The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.
THERE is “no desire in Scotland to have membership of the EU”, Scotland Secretary Alister Jack has claimed despite significant evidence to the contrary. / "So does it come as a surprise to the secretary of state that a poll last year showed 69% of Scottish voters want to rejoin the EU?”
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.
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.
THERE have been no advantages to leaving the European Union, the Constitution Secretary has said on the second anniversary of the end of the Brexit transition period.
‘I can see Britain being a member of the EU again’: How Brexit is returning to UK politics
26/12/2022
But the EU does not want to reopen debates about the terms of the Brexit deal: “Only in the UK are people still arguing about Brexit,” a source said. “No one in Europe thinks about it any more.”
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.
"The UK chose Brexit in a referendum, but the government then chose a particularly hard form of Brexit, which maximized the economic cost."
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.
"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.
Hunt repeatedly said he did not “accept” the OBR’s prediction that Brexit will cause a 4 per cent GDP reduction in the long term.
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’.
Forecasts of the economic hit caused by Brexit from the UK’s budgetary watchdog are wrong, according to chancellor Jeremy Hunt.
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“.
Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. / More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis. Last week’s Autumn Statement heralded years of higher taxes and cuts to public spending.
Jeremy Hunt quizzed on rejoining single market as he concedes damaging trade barriers created by Brexit deal
18/11/2022
Jeremy Hunt conceded there have been damaging trade barriers with the EU created by Boris Johnson’s Brexit deal.