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Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned.
Almost 50% decline shows need for veterinary deal to ease ‘red tape mountain’, says Labour.
Wales and the rest of the UK should re-join the single market to undo the economic damage caused by Brexit, Plaid Cymru has said.
New poll shows 79% think trade deals with Australia and New Zealand are bad. / Just over half (52%) of farmers said Britain should join the EU and 70% of thought we should at least rejoin the single European market, rising to 85% in the case of those working in the ancillary industries.
EU and UK businesses will face ‘inevitable’ extra costs while the post-Brexit trade deal remains in place, European Commission Vice-President Maroš Šefčovič warned on Monday (12 June), playing down the prospect of a major overhaul of the agreement.
UN figures show value of British goods and services exports rose by 6% between 2012 and 2021, compared with 29.1% for EU.
The continued absence of border control posts (BCP) in European ports for processing livestock exports from the UK is costing a Dorset pedigree cattle breeder £150,000 in lost orders.
Dairy firms trading their products with the EU are required to complete export health certificates that can cost around £200 to £300 per load.
Clients are switching to local sourcing to avoid the post-Brexit trade complications, the PMI survey found.
The closely-watched S&P Global/ CIPS UK Manufacturing PMI survey showed a reading of 47.1 in May, down from 47.8 in April.
Exports of fruit from the UK to the EU, including traditional English apples and pears, have more than halved since Brexit, according to data released by HMRC.
Ann Summers discontinued its direct selling business in Ireland last year because “higher operating costs” associated with Brexit made it “uneconomical”, according to recently filed company documents.
Shadow International Trade Secretary Nick Thomas-Symonds has written a letter to the government urging ministers raising his concerns over the 'mess' of a trade deal.
Ministers were warned of the dangers of the EU trade deadline two years ago. Now, up to 200,000 jobs and £11bn worth of UK car exports could be in jeopardy.
HMRC figures analysed by accountancy firm Hazlewoods indicates major decline in fruit sales to EU countries following introduction of trade barriers.
Speaking to Sky News, a former British ambassador to Japan noted the impact of Brexit, saying many companies are maintaining a presence in the UK, but moving the bulk of their operations to Europe. / Asked about the former ambassador's assertion, Labour's shadow environment secretary Jim McMahon told Kay Burley: "To some degree, it's a natural consequence of leaving the single market."
The future of electric vehicle production in the UK is under threat unless the Government reworks the Brexit deal, Vauxhall parent Stellantis has warned.
UK manufacturers could be hit with 10% tariffs from next year unless they can source electric vehicle parts and batteries locally.
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.
It may have been over three years since the UK formally left the European Union but UK brands and retailers continue to face a slew of challenges in navigating post-Brexit trade. Drapers identifies the persistent pain points and how they are being managed.
Fears of new disruption to fresh produce supply from EU when import controls hit in October.
Forecasts suggest the UK will be 15 years late in hitting £1 trillion annual export target set by David Cameron before the Brexit referendum.
New slimmed-down Brexit border checks mean businesses will 'only' face £420m of additional costs from post-Brexit border controls.
As President Biden's visit to Belfast reignites Brexit talks, this defeated caller labels Boris Johnson a "liar" after he promised "frictionless trading" post-Brexit.
There's deep disquiet in the food trade over forthcoming sanitary checks. When such checks were previously required, some UK companies were forced to stop exporting.