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“You’re running a natural experiment in what happens when you run a trade war on yourself” - Adam Posen
27/04/2022
@AdamPosen is speaking with @lizzzburden about food prices and inflation at #EconafterBrexit
‘We left the gym, now we can’t use the equipment’: Business owner says Brexit consequences are still to come
07/01/2022
"And for those people blaming who are blaming the EU, it's not the EU's fault. We voted for this."
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
Red tape continues to frustrate small businesses as the hunt for the sunlit uplands goes on.
The UK economy is yet to feel the worst impacts of Britain’s divorce from the European Union, senior business leaders said, in spite of Prime Minister Rishi Sunak’s recent efforts to smooth relations with the bloc.
The economic fallout from leaving the EU is becoming all too apparent.
A project manager’s disdain at chancellor Jeremy Hunt’s speech to Bloomberg's city HQ – ‘the UK will soon probably need to start offering its own nomad visa just to get people to come here,’ probably resonated with many IT contractors.
His manifest error in declaring there are "no non-tariff barriers" for trade with the EU had business leaders falling off their chairs.
Volume of Irish-British freight traffic has been ‘significantly altered’ by Brexit, survey suggests
13/08/2021
Post-Brexit trade frictions have led to ferry freight flows between Great Britain and the Republic of Ireland dropping by 29% in the first half of 2021.
According to the Office for National Statistics (ONS), within the last quarter of 2022, the UK imported about £33billion more than it exported to the EU. / This is the worst performance of the UK export trade balance since records began in 1997. / This is a shocking testimony that Brexit has caused fundamental deep-rooted damage to British exports.
“Furthermore, exports likely will continue to struggle as external demand in key trading partners softens and Brexit frictions remain in place.”
Government accused of ‘failure and broken promises’, as exports set to slump next year.
HMRC figures analysed by accountancy firm Hazlewoods indicates major decline in fruit sales to EU countries following introduction of trade barriers.
Sales to trading bloc down more sharply than to rest of world as businesses grapple with delays, extra costs and new red tape.
Trade, migration and Brexit
25/10/2022
Jonathan Portes assesses the extent to which predictions about trade and migration before the Brexit vote have materialised, highlighting that trade has been reduced by additional barriers but the extent to which liberalisation would increase migration flows in the short term was underestimated.
Trade Consultation: Give Your Evidence - UK Trade and Business Commission [Deadline: 17/03/2023]
23/01/2023
The UK Trade and Business Commission is gathering evidence to understand the main challenges facing businesses, organisations and economic sectors to establish which policies and trading arrangements will help overcome the economic and trading barriers facing the UK today.
Imports from Northern Ireland to Ireland up 23%, while trade in other direction increases by 42%.
Steve Barclay was forced to deny reports the UK Government is considering adopting a Swiss-style relationship with the EU.
Treasury minister Andrew Griffith told MPs Brexit 'can deliver and is already delivering enormous benefits' - but hastily added there wasn't time to reel off any of them.
British Chambers of Commerce presents government with urgent recommendations as members report struggling to sell into EU.
The UK and the global economy after Brexit
27/04/2022
Brexit has reduced UK trade openness, foreign direct investment (FDI) inflows, and immigration growth. New border frictions and higher transport costs pose new barriers to trade, and FDI inflows are unlikely to return to levels reached in the 1990s and 2000s.
The impact of Brexit, in charts
03/01/2023
How has leaving the EU affected Britain?
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.