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MPs have branded a post-Brexit shake-up aimed at boosting growth in the financial sector a "damp squib". / The Treasury Committee said since the "Edinburgh Reforms" package was set out, there has been little progress.
Chancellor Jeremy Hunt blamed Brexit for years of political instability, admitting that the turmoil in government undermined Britain economically.
Where are all those Brexit benefits?
20/05/2023
Project Fear has become Project Reality—just look at Britain’s car industry.
Jeremy Hunt has offered one of Britain’s biggest car manufacturers half a billion pounds in government subsidies not to go abroad to build a new electric battery “giga-factory”.
UK manufacturers could be hit with 10% tariffs from next year unless they can source electric vehicle parts and batteries locally.
Grant Shapps has stressed the importance of post-Brexit controls on work visas after government sources confirmed that ministers are braced for a record increase in immigration figures this month.
We have reached a watershed moment in the long Brexit saga. The government’s U-turn this week on the Great Repeal Bill has laid bare the great elephant-sized conundrum that has always been at the heart of Brexit: identifying any significant EU laws that were both holding Britain back and can be ditched without damaging our own economy.
The impact of Brexit on people’s earnings could be ‘substantial’, say experts. / Millions of workers in Britain will be about £1,300 worse off a year due to Brexit, leading experts have said.
Brexit is to blame for the Dover travel misery blighting Britons’ Easter holiday trips to the Continent, a senior Tory MP said on Monday.
Jeremy Hunt’s budget shows that leaving the EU is only paying off in a parallel universe.
‘Complete nonsense’: hospitality reacts to Jeremy Hunt’s ‘Brexit pub guarantee’ policy in his first budget
16/03/2023
Operators are both baffled and annoyed with the chancellor's supposed assistance. / "To conflate this with Brexit is complete nonsense. They either want to help the pubs or not. If you want a link to Brexit, the damage done is far worse than the freezing of some duty."
Jeremy Hunt has denied that the decision to give some overseas construction workers easier access to UK jobs was a "betrayal of Brexit".
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.
Brexiteers promised to “take back control.” But the decision has instead delivered recession, gloom, and despair.
THE UK will be the only major economy to plunge into recession the year, the International Monetary Fund (IMF) has warned – with the finger pointed at the “economic self-harm of Brexit” on the three year anniversary of Britain leaving the EU.
'£200k of seafood wasted and that's just the beginning. Sorry Jeremy Hunt, Brexit has been devastating'
30/01/2023
At New Smithfield Market the Chancellor's claims that Brexit would 'energise' Britain's economy were given short shrift.
The chair of the British Chambers of Commerce, Shevaun Haviland, says British exporters have faced "huge issues" trying to sell their goods abroad since Brexit.
‘I can see Britain being a member of the EU again’: How Brexit is returning to UK politics
26/12/2022
But the EU does not want to reopen debates about the terms of the Brexit deal: “Only in the UK are people still arguing about Brexit,” a source said. “No one in Europe thinks about it any more.”
Brexit was always going to be a recipe for the long-term decline of London as a financial centre Any ideas that suggested otherwise were ludicrous.
Chancellor Jeremy Hunt has been accused of encouraging a “race to the bottom” after he unveiled ‘big bang’ plans to slash City red tape.
Labour and the Lib Dems have condemned the chancellor's plan to weaken regulations introduced after the financial crash.
UK defends new post-Brexit finance reforms
09/12/2022
Britain on Friday launched a post-Brexit plan to relax curbs on its powerhouse City sector introduced after the 2008 financial crisis, denying the reforms will bring about new instability.
Not everyone is convinced that scrapping a number of regulations imposed after the 2008 financial crash will benefit the economy.
Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.