Businesses in the services sectors face ‘major barriers’ despite trade agreement, a study suggests.
The true cost of Brexit is becoming clearer
19/06/2021
Half a decade after the referendum, the economic hit to the UK caused by Brexit is becoming clearer. But it will be years before the true impact is understood
According to the Office for Budget Responsibility (OBR), shortages across various industries have been “exacerbated” by new immigration rules for EU citizens and trade barriers with the bloc.
The modelling estimates Scotland's GDP could be around 6.1% lower compared to if it remained a member of the EU.
Britain's trade performance is lagging increasingly behind that of other similar economies, according to data that suggest Brexit has had a detrimental effect on exports, on top of the COVID-19 pandemic.
Exporters forced to fill in 48 million customs declarations and 140,000 health certificates over eight-month period.
The capital’s service sectors will bear the brunt of a downturn, according to a study published by the Mayor of London, Sadiq Khan.
"It represents a form of economic vandalism on Northern Ireland" - Taoiseach Micheál Martin [2 mins]
19/06/2022
Taoiseach Micheál Martin says legislation that has been published on the Northern Ireland Protocol "would effectively be very damaging to the NI economy".
A NEW report has shown that the UK government’s prospective Free Trade Agreements are projected to only add between 0% and 0.16% to the UK’s Gross Domestic Product, up to fifteen years after their implementation.
SINCE the EU referendum in 2016, there have been largely negative effects to the UK services trade, according to new research.
Brexit will potentially cost London’s economy £9.5bn a year – with the capital’s service sectors bearing the brunt of the downturn, stark new research published by the Mayor of London, Sadiq Khan, reveals today.
Fears for farmers and anger over dropping of pledge to bind Australia to crucial climate temperature limit.
The International Monetary Fund ruffled feathers across the Irish Sea with its new forecast for the UK economy this week, now expecting GDP growth to slow to a paltry 1.2pc in 2023, by far the slowest amongst the G7 economies.
The UK’s shift towards a more restrictive migration regime after Brexit will not deliver the “high wage” economy promised by prime minister Boris Johnson, a report shows.
The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.
Britain's economic recovery from the coronavirus pandemic lagged behind that of other rich nations in the July-September period, according to official data on Thursday which underscored the interest rate dilemma facing the Bank of England.
One port operator has had to demolish building work for new checks, while other crucial customs sites do not even have planning permission yet.
The clip was filmed in 2018 as part of a three-part documentary on the US embassy called Inside the American Embassy.
The UK economy is 2.9 per cent smaller than it would be ... model also shows that the biggest victim of the Brexit vote has been business investment, while the weaker pound has failed to foster the big gains in exports that some Brexiters hoped for.
Bureaucratic Brexit checks have begun and are hitting British businesses when they’re at their most vulnerable
06/01/2022
Inflation is rising, worker shortages are grinding us down and consumers are hurting, but No.10 is introducing measures which will make the situation worse
"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.
The independent Office for Budget Responsibility has calculated that the scarring effect of covid lockdowns on the UK economy is only half of what it has cost the UK to leave the European Union.
NIESR says UK facing worse permanent damage than other rich nations due to ‘poor Covid response’ .
SCOTLAND's economy has taken a major hit while Northern Ireland has outperformed the rest of the UK while staying in the EU’s single marker, Office for National Statistics (ONS) figures show.
It’s five years since Britain voted to leave the EU – so what number should really have been on the side of the Vote Leave bus? Ben Chu examines the real impact of Brexit on the UK’s economy.