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The United Kingdom (UK) withdrew from the European Union (EU) on January 31, 2020, and completed the transition period on December 31, 2020, officially leaving the EU and becoming a third country. This event, known as Brexit, has had significant implications for the UK’s economy, including the automotive industry.
One of the leading international experts on UK-EU trade has told an audience in Coventry and Warwickshire that smaller businesses are being hardest hit by a fall in trade following Brexit.
James O'Brien discusses recent reports suggesting food imports to the UK are at risk in confusion over post-Brexit checks and emphasises how this proves how 'stupid' the idea of Brexit really is. James highlights how people believed the words of a 'proven liar' in Boris Johnson and a 'proven idiot' in Jacob Rees-Mogg, who assured people that 'food would be cheaper.'
The men behind Trussonomics and Brexit, the two great man-made catastrophes of recent years, are to be honoured for their ‘great work’.
Just over a year since the UK left the single market and customs union, and despite the impact of the pandemic, which makes this kind of analysis all the trickier, we can begin to analyse the impact that Brexit has had on the UK economy. These impacts will vary significantly by sector and also by region. In this report, the authors investigate what they might be in the area of manufacturing.
Committee raises concerns of ‘serious repercussions for our producers’.
The protocol could leave Northern Ireland's economy 2.6% smaller compared with a scenario in which the UK stayed in the EU, new analysis suggests.
No Deal could put more than 50% of UK farms out of business - New report launches 'Farmers for a People's Vote'.
A no-deal Brexit could cost the farming industry £850m a year in lost profits, new research seen by the BBC suggests.
Pascal Lamy, who was director general of the WTO, between 2005 and 2013, said there was a stark choice for the UK between 'minor' and 'great' trade relations with the country’s largest trading partner.
Non-Tariff Barriers (NTBs) are the main policy impediment to international trade, yet little is known about their pass-through to prices. This paper exploits the Brexit trade policy shock to quantify how NTBs affect consumer prices and welfare.
Non-Tariff Barriers (NTBs) are the main policy impediment to international trade, yet little is known about their pass-through to prices. This paper exploits the Brexit trade policy shock to quantify how NTBs affect consumer prices and welfare. The increase in NTBs raised prices by 6%, implying a pass-through of 50-80%.
While tariffs are widely eliminated in regional trade agreements, genuine market integration requires addressing non-tariff measures (NTMs)
The sole economic modelling exercise showing material benefits for the UK from Brexit has been debunked as “doubly misleading”, further demolishing the argument that for Britain “no deal would be better than a bad deal” when it comes to the EU.
Prime minister expected to press EU leaders to dedicate attention to faltering negotiations.
Non-tariff measures (NTMs) could cause major fractures in post-exit trade relations between the United Kingdom (UK) and the European Union (EU), knocking up to US$32 billion, or 14 per cent, off of UK exports to the EU, according to a new UNCTAD study.
Video gives details around SADC areas of concern and potential improvements.
For Britain's small and medium-sized businesses, trading with European nations used to be easy. After Brexit, that's no longer the case with the emergence of obstacles that didn't exist before.
It was billed as the rebirth of British business — a chance to build a brighter commercial future, free of costly bureaucracy. But Brexit is proving far from profitable for many UK small and medium-sized enterprises (SMEs).
In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a 'Brexit dividend'.
But the UK’s departure means far-reaching changes for the Irish economy. We are already seeing signs of how things may shake out and the really fundamental changes it means for many businesses, for consumers and for trade.
An island nation must trade with its nearest mainland, whatever our new Brexit opportunities minister claims.
It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.