ONLY as an independent nation can Scotland secure a fair, strong and equal recovery say the SNP after new figures revealed the impact of Brexit and the pandemic on trade.
The ONS revealed that total trade in goods with EU countries tumbled by 23.1% in the first quarter compared with three years ago.
Trade with the European Union plunged in the first quarter after the U.K. exited the customs bloc, according to data released on Tuesday.
Exports to Ireland worst affected, official figures show.
Businesses in Cumbria’s hospitality sector fear a perfect storm of Brexit and coronavirus mean they face losing out on potential trade when lockdown eases.
UK goods exports to Ireland fell by 13% in the first quarter of 2021 compared to the same period last year.
Bounceback from January’s collapse in exports may have stalled, expert warns.
New Government figures released 6 May revealed many businesses are still overwhelmed by the impact of Brexit. Over 39% of importers reported they are still struggling with new customs duties and 38.6% were battling with increased transport costs.
As London gradually unlocks, its hospitality sector is slowly waking up. / But there’s a familiar theme evident throughout this enormous industry: thousands of Europeans who used to work here have moved on.
Lincoln-based insulation manufacturer and supplier, SuperFOIL Insulation, says it has lost a quarter of a million pounds revenue as a result of Brexit.
New Brexit checks introduced in January are continuing to restrict trade between the UK and EU, according to new figures from the Office of National Statistics.
Courier service warns ‘non-EU countries will not fill the hole created by Brexit’ as UK exports tumble
14/04/2021
Exports recovered in February compared to the previous month, but "that is setting the bar exceedingly low".
Government figures showing a bounceback in February rightly come with a health warning.
HMRC figures reveal huge year-on-year falls in trade, with whisky, cheese and chocolate worst hit.
But so far, it’s not looking good: a hit to trade of this size entails big structural changes to the British economy, with capital and workers being shifted between sectors of the economy, businesses going bust, and higher prices for imports eroding living standards.
IT SEEMS incredible that the menacing narrative evident for some time now – that Brexit is done and shining a light on its dire consequences is sheer impertinence – has become more rather than less embedded as the actual effects of the folly manifest themselves.
When the United Kingdom went back into a coronavirus lockdown in January, its economy shrank by less than feared in that month, but trade with the European Union (EU) was badly hit as new post-Brexit regulations were introduced.
Scotland’s Constitution Secretary has said trade problems in the wake of the Brexit deal are “far more than teething troubles”, as he urged the UK Government to take a more co-operative approach with the EU.
UK/European Union trade contracted in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides.
Businesses are holding out hope for calmer times to come as Brexit has continued to cause disruption in supply chains.
The UK has recorded a record fall in trade with the EU in the first month since the end of the Brexit transition period.
UK Trade with EU Plunges After Brexit
12/03/2021
U.K. trade with the European Union plunged in January as Britain’s departure from the bloc and widespread coronavirus restrictions dealt a double blow to the nation’s struggling economy.
U.K. trade with the European Union deteriorated in the first month since the Brexit split, suggesting commercial relations between the two economies will suffer more than the British government advertised.
EXPORTS of UK goods to the European Union dropped by more than two-fifths in January as the Brexit transition period came to an end.
UK goods exports to the European Union fell 40.7% in January, according to the Office for National Statistics (ONS), while imports tumbled 28.8%.