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.
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.
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.
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.
"Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit," John Springford of the Centre for European Reform.
Chancellor Jeremy Hunt has accepted that Brexit has imposed “costs” on the UK, but insisted he did not believe EU withdrawal would make Britain poorer in the long run.
Brexit blues: From Wetherspoon to Next, the company bosses who loved Leave until reality hit
11/11/2022
But six years on, reality is kicking in and some of the most ardent Brexiteers - including the heads of major UK employers - are starting to change their tune.
British firms are yet to see any upside from Brexit, according to one of the UK’s top executives, who urged Prime Minister Rishi Sunak to improve the trade agreement with the European Union to boost growth.
Brexit has added to the UK's economic woes by lowering the value of the pound and contributing to price rises, an ex-Bank of England governor has said.
This week, Rishi Sunak talked of building 'an economy that embraces the opportunities of Brexit'. Here's 5 mins on Brexit's impact on the economy so far. [5 mins]
28/10/2022
This week, Rishi Sunak talked of building 'an economy that embraces the opportunities of Brexit'. Here's 5 mins on Brexit's impact on the economy so far.
A trade collapse with the EU shows that the damage will linger on far longer than Liz Truss did.
Trade from the UK to the EU is down 16% on the levels anticipated if Brexit had not happened, research has found.
"I have three priorities for our economy: growth, growth and growth." / Yet several reports say one significant factor to have impacted negatively on Britain's growth and economy — also creating a barrier to future performance — is Brexit itself.