“These forecasts are a vital indicator of the health of the nation’s finances," Mel Stride said.
High inflation, low investment confidence and a weaker currency make the UK an attractive target for European suitors.
Six years after the referendum on June 23, 2016, if we put aside the profound political consequences – a divided England, Scotland and Northern Ireland pulling away, a more isolated country – what is the economic toll?
Fact of the Week: UK Business Investment Is More Than One-Third Below Its Pre-Brexit Trend 31/05/2022
Boris Johnson probably wouldn’t have won many votes if he had campaigned on a slogan of ‘Brexit will make Ireland richer’, but that is precisely what his “oven ready” deal has done by making Britain less attractive to investment and less competitive in trade.
Boris Johnson’s government faces deep economic problems. / UK lagging behind major peers on productivity and investment. / “... From a 16% devaluation of the pound to an eye-watering slide in trade and investment, Brexit’s impact is plain to see. The data have only reinforced our view that life outside of the EU would leave the UK worse off.”
Immediately after the referendum, sterling depreciated. This brought forward the impact on household incomes of what would otherwise be a slow burn change for the UK economy.
The economic fallout from leaving the EU is becoming all too apparent.
The UK debate about Brexit’s impact on the economy has ranged from non-existent to unserious. Labour is avoiding the subject, to try to regain lost voters in pro-Brexit constituencies, and the government immediately changes the subject to vaccines or free trade deals.
As with another self-inflicted economic injury in the 1920s, Britain is struggling under a burden that could be reversed.
A study by the Centre for European Reform reveals the “troubling” cost of Brexit and says the losses are now too big to ignore.
Now that many advanced economies have recovered and are close to – or above – their pre-pandemic level of output, we can compare Britain’s economic performance to its peers. The results are troubling.
Brexit Chickens Come Home to Roost 07/06/2022
While the picture’s hardly pretty and certainly not what advocates of Brexit envisioned, none of it surprises economists. As a former Bank of England official observed: “You run a trade war against yourself, bad things happen.”
Adam Posen shows how Brexit has curtailed UK trade, FDI inflows, & immigration growth in a series of charts 27/04/2022
@AdamPosen shows how Brexit has curtailed UK trade, FDI inflows, & immigration growth in a series of charts presented at @UKandEU's The Economics of Brexit conference 2022. #PIIECharts
While looking for Brexit opportunities: Jacob Rees-Mogg profits directly from Chinese pharma and Russian gas investments 21/02/2022
The government’s new minister for Brexit opportunities, Jacob Rees-Mogg, is directly profiting from significant investments in a pharmaceutical company in China as well as a Russian gas company, according to reports.
The Dutch foreign investment agency NFIA was involved last year in helping 423 foreign companies either set up in business in the Netherlands or expand their current operations, the agency said on Thursday.
Manufacturing after Brexit - UKICE 26/01/2022
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.
Flanders Investment and Trade reports that a record number of foreign investment projects were launched in our region during 2021. Many these came about due to the United Kingdom’s exit from the EU.
A record number of foreign investment projects were launched in Flanders in 2021, including many as a result of the United Kingdom’s exit from the European Union.
Flanders attracts over £2bn in investment projects from UK based businesses following Brexit 22/11/2021
British companies are moving their European bases to Belgium to manage the challenges posed by Brexit and are now trading with the EU from there.
Brexit trade war would have ‘immediate and devastating’ impact on UK economy, industry warns 15/11/2021
Business chiefs and economists say huge disruption lies ahead if Downing Street triggers Article 16.
Northern Ireland risks becoming a “legal basket case” that will deter trade and investment if Article 16 is triggered, companies have warned.
Bank of England policy maker Jonathan Haskel said uncertainty over Britain’s exit from the European Union held back business investment in the U.K.
Brexit has resulted in Wallonia receiving almost €358 million in investments, while 539 jobs have been created in the region since the UK’s withdrawal from the European Union.
“Brexit: the necessary exorcism of the ghost of Empire” – an aerospace engineer’s perspective 30/10/2021
Paul Newberry is a consultant aerospace engineer and he’s saddened by Brexit and the loss of opportunity and restriction of freedom it brings to people young and old ... including his son who followed him into the business). It’s bad news for the UK’s future scientists, engineers and innovative industries as a whole.