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.
Brexit… out of fashion in Somerset
04/05/2021
It would be fair to say that businesses in Somerset are now really starting to feel the effects of Brexit and our new trade deals with the EU and the rest of the world. From all the businesses I have spoken to so far the effects have ranged from bureaucratic nightmares with unnecessary paperwork and extra costs to complete shutdowns of exports.
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.
One consumer asked to pay £140 in fees says she ‘won’t order anything from Europe again any time soon’.
‘Prepare for the worst’ EU officials tell business after Sajid Javid’s FT interview.
Camden Market traders who 'may not survive London' as they're forced to live 'month to month'
03/02/2024
Ms Dupont told MyLondon: "Since Brexit, just direct 25 per cent tax increase on the product coming from abroad. Knowing that we are an island, it's difficult to avoid that - it just happens." / "To be honest, my opinion, Camden mostly a touristy place. We definitely did, before Brexit, a few years ago better."
Rishi Sunak reportedly planning to open bidding for towns, cities and regions to become designated zones where UK taxes and tariffs will not apply.
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.
Could an independent Wales go it alone?
09/08/2019
Wales is not too poor to be an independent nation. The ex-first minister of Wales believes so anyway, though others are less sure. So, how would Wales fare economically if it had to go it alone in a post-Brexit world?
New visa rules, taxes and transport restrictions are some of the hurdles British dance and theatre organisations must now overcome to tour Europe.
Economist says without Brexit we ‘wouldn’t be talking about an austerity budget this week’
14/11/2022
"The need for tax rises and spending cuts wouldn't be there if Brexit hadn't reduced the economy's potential output so much."
A Brexit involving staying in the customs union would leave the UK £80bn worse off a year than if it had remained in the EU, a report says. / The National Institute of Economic and Social Research (NIESR) said tax income would fall by £13bn a year.
Some EU specialist online retailers have said they will no longer deliver to the UK because of tax changes which came into force on 1 January.
Competition commissioner sees agreement with Canada as model but says deal with Brexit UK would be different
EU migrant workers contribute £2,300 more per year to UK than average British citizen, study reveals
18/09/2018
Migrants from the EU contribute £2,300 more to the exchequer each year in net terms than the average adult, the analysis for the government has found. And, over their lifetimes, they pay in £78,000 more than they take out in public services and benefits - while the average UK citizen’s net lifetime contribution is zero.
Britain will have to recover millions of euros from some multinationals after EU antitrust regulators ruled on Tuesday that an exemption in a UK tax scheme was illegal.
European commission looks at tax rules after report reveals tech firms pay less than half the tax of traditional companies.
Vote a boost for reformers and reflects desire to rein in super-rich after Pandora paper revelations.
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.
A leading skateboard distributor has set up another business in the Netherlands to avoid paying tax twice on exports after Brexit.
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.
Opponents say remarks are ploy based on xenophobia to win Labour leave marginals.
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