The reality of Britain's role in the global trading system after Brexit remains deeply uncertain
29/03/2019
Continuity agreements are in place with a small number of countries but replicating the arrangements that Britain currently benefits from will be the overriding priority throughout the transition period - if there is one - and beyond.
The UK chief executive of the German manufacturing group Siemens has said Brexit is making Britain an international “laughing stock”, while urging MPs to pursue a softer withdrawal from the EU.
In the political realm, no one knows how Brexit’s long-running theater of the absurd will end. But for much of the business world, Britain’s departure from the European Union has effectively happened.
Small businesses have not taken the necessary steps to prepare for Brexit because they are “time poor” and believe that a deal will ultimately be done buying them more time, an industry group has said.
Eight out of 10 finance leaders expect long-term environment to be worse.
Property sector hit hardest, followed by financial services, leisure and culture, research finds. / The number of UK businesses in “critical” financial distress jumped 17 per cent over the year to the end of March, with a significant deterioration seen in the first quarter of 2019 as Brexit uncertainty deepened.
Growth slows as overseas companies buy elsewhere amid uncertainty, survey suggests. / Britain's manufacturing sector suffered a slowdown in growth in April as Brexit resulted in an acceleration of foreign firms shunning the UK and sourcing goods from elsewhere.
Brexit Proof Q&A: ‘The British government have made a complete dog’s dinner of the situation’
23/05/2019
"We have witnessed several of our UK competitors go out of business in the last year due to the negative impact Brexit is having on the UK economy."
Britain’s businesses are being urged to step up their preparations for a no-deal Brexit amid signs that Theresa May’s successor could be prepared to leave the EU without a deal at the end of October.
Many UK businesses "are not even close to being ready for a no-deal" Brexit, figures seen by Newsnight suggest.
UK economic growth to slow to zero as Brexit stockpiling effect ends and businesses slash investment
17/06/2019
The political impasse over Brexit threatens to “suffocate” business investment across the UK, with the economy grinding to a halt as a temporary boost from stockpiling comes to an end, the British Chambers of Commerce (BCC) has warned.
Tory leadership hopeful says he would tell bankrupt firms their sacrifice was worth it. / Business groups have expressed anger after Jeremy Hunt said he would willingly tell people whose companies went bust after a no-deal Brexit that their sacrifice had been necessary.
Scots firms counting cost of Brexit ‘chaos’
03/07/2019
THE Scottish economy is “running on fumes” as the protracted uncertainty over Brexit continues to cause firms to put business investment on hold, a key survey has found.
Whether for inward investment, exports or tourism, Germany is a top five country for Ireland with potential for much more.
No-deal Brexit will cost £22bn a year to compensate businesses, landmark analysis reveals
13/07/2019
The cost of compensating UK businesses for a no-deal Brexit will reach £22bn a year – more than half of England’s schools budget – a landmark analysis of the impact of crashing out of the EU has found.
BREXIT uncertainty coupled with data protection pressures have led to a 15 per cent drop in the number of small and medium-sized businesses recorded as accessing free help such as advice and workshops last year.
No-deal Brexit could see substantial number of businesses become unprofitable and trigger food shortages, Mark Carney warns
02/08/2019
‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.
£2.1bn extra for no-deal planning
01/08/2019
The government has announced an extra £2.1bn of funding to prepare for a no-deal Brexit - doubling the amount of money it has set aside this year.
The threat of a “disastrous” no-deal Brexit is forcing businesses to stockpile frozen food for the elderly, robot parts and even horsehair in a move that could lead to higher prices and “significant shortages” for consumers, experts have warned.
Without pass, exporter’s goods could be held up at UK ports and airports after 31 October.
‘Long overdue’: Government finally hands UK firms customs numbers that will let them trade with EU after Brexit
21/08/2019
88,000 firms to be given a registration numbers but business groups warn much more needs to be done to prevent severe disruptions to trade.
Open letter from group representing 4m western firms outlines ‘grave concerns’.
Several banks and multinationals including Airbus, Nissan and Ford have in the past few months made moves to disengage from the UK fearing the impact a no-deal Brexit would have on their operations.
A government adviser told this British businessman to replant his company in the European Union because they have “no information” about what to do after Brexit deadline.
Research surfaces after industry groups rubbish Michael Gove’s claims that they are ready to crash out of EU.