The cost of Brexit to June 2022 21/12/2022
My latest update estimates Brexit reduced Britain's GDP by 5.5 per cent by the second quarter of 2022. My model avoids the cherry-picking of data, and performs better than its critics’ methods.
The economic damage done by Brexit is happening sooner than feared, the Bank of England warned. / The central bank said the UK economy is being hindered by a sharper slump in trade with the European Union than implied by official statistics and “very subdued” business investment.
Brexit’s flat battery 02/02/2023
The unsurprising collapse of Britishvolt, and the total lack of strategy or investment in batteries, will be the final nail in the coffin for the car industry.
Brexit is costing the UK economy £100 billion a year ($124 billion), with the effects spanning everything from business investment to the ability of companies to hire workers.
Brexit is thought to be a key reason why Britishvolt couldn't attract the private investors it needed.
The UK economy looks sickly against international comparisons, so let’s be honest about the three causes.
Political chaos since Brexit is to blame, say manufacturers.
When Boris Johnson agreed the Brexit divorce package with the EU, he promised it would unleash innovation, turning Britain into an agile “science superpower”. But rather than boost UK science and technology, Brexit has – so far – damaged it,
The evidence increasingly shows that our decision to leave the European Union has lifted the price of imported goods, flattened business investment and damaged trade.
Brexit: The scorecard two years on 02/01/2023
So how is it going? In economic terms, the past year has helped differentiate the impact of Covid from the impact of Brexit. / Doing so has exposed a hefty price being paid by many firms, as well as public service employment, for dislocation of Britain from its nearest neighbour's trading bloc.
Michael Heseltine: Fifty years ago, we joined the EU – today, I deplore the deception of Brexit 01/01/2023
I look back to 1973 as the post-war year when Britain accepted the loss of its empire and chose a new European destiny.
Brexit regret: Why the ‘undeniable disaster’ finally hit home with the British public in 2022 01/01/2023
Public opinion shifted against Brexit after a deluge of damning evidence on economic costs.
Brexit delays have led Perth-based cannabis oil company Voyager to acquire a manufacturing factory in Poland for £1.5 million.
In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.
Center for European Reform says departing the EU single market reduced investment by 11 per cent and goods trade by seven per cent in the second quarter of 2022.
‘Worse than feared’ – Brexit costs UK £33bn 21/12/2022
Brexit has cost the UK a staggering £33bn in lost trade and investment, according to a new study that found the economic damage is even worse than previously feared.
Brexit has left the UK economy 5.5% smaller than it would have been and added to the squeeze on public services that’s behind strikes crippling the railways and National Health Service, a prominent research group concluded.
Economy 5.5 per cent smaller than if Leave referendum hadn’t happened, says think tank.
Virgin boss Sir Richard Branson says he would not invest 'new money' in Britain blaming Brexit for poor economic growth 13/12/2022
Sir Richard Branson has blamed growing post-Brexit red tape for Britain's poor economic growth, saying he wouldn't "invest new money" in the country with the way things are at present.
Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.
John Cole explores the government's response to a petition calling for an enquiry into the impact of Brexit before it's debated in parliament.
It comes after Rishi Sunak reiterated his commitment to Brexit, amid reports the government could be seeking a closer "Swiss-style" deal with the EU.
Wages are worth less as direct result of departure from EU, says Monetary Policy Committe member. / Brexit has added 6 per cent to UK food prices, a Bank of England official has said as inflation hit a 41-year high.