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Government’s new trade red tape likely to hit long-term productivity, trade economists warn.
"Good to see the BBC wading into the fray at last, now that the damage it's causing is too great to conceal", one person said.
Britain's trade agreement with Japan - the first major such deal announced after Brexit - has been branded a failure as new figures show exports have DROPPED.
“The evidence we present here shows the real loss of Brexit, the overall competitiveness of the UK as a global trader," researchers say.
Forecasts of the economic hit caused by Brexit from the UK’s budgetary watchdog are wrong, according to chancellor Jeremy Hunt.
UK companies have seen their new orders decline at the fastest pace for nearly two years this month, with manufacturing recording the steepest fall in export sales since May 2020 as firms experienced Brexit-related constraints, a survey shows.
As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.
‘One of the biggest blows to our productivity – and a self-inflicted one – was leaving Europe’s single market,’ says Michael Day.
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.
Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. / More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis. Last week’s Autumn Statement heralded years of higher taxes and cuts to public spending.
Steve Barclay was forced to deny reports the UK Government is considering adopting a Swiss-style relationship with the EU.
There has been “greater friction” and “difficulties” over trade since Brexit, Health Secretary Steve Barclay has admitted, as he denied a report that the government is considering adopting a Swiss-style relationship with the EU.
The manager of one of Bath's best-known markets has complained that 'Brexit red tape' is making it too tough to import goods from Europe.
“We need to export to our biggest and most obvious market which is 20 miles across the Channel” / This #bbcqt audience member who trades with European countries says his business is “hanging in there”, claiming Brexit is a “disaster for our economy”.
"It's about time we get this out in the open because Brexit is a disaster."
Since Brexit, this business consultant is having to fill “93 to 102-page documents” to get products to companies in Europe, with the shipping taking up to six months.
Jeremy Hunt conceded there have been damaging trade barriers with the EU created by Boris Johnson’s Brexit deal.
The UK's finance minister has said he recognises that Brexit has brought trade barriers with the EU, but rejected calls for Britain to rejoin the single market, arguing that most obstacles can be removed over time.
Jeremy Hunt insisted the UK would find a way to improve trading ties with the EU without rejoining the single market. / "The latest evidence suggests that Brexit has had a significant adverse impact on UK trade, via reducing both overall trade volumes and the number of trading relationships between UK and EU firms."
A BBC Question Time audience member shut down a Tory minister who tried to dismiss the sustained impact of Brexit as “something that happened six years ago”. / "Brexit is a disaster for our economy."
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.
Brexit is hurting the UK economy, Bank of England officials said Wednesday, even as government leaders downplay the impact of the seismic EU withdrawal.
"Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit," John Springford of the Centre for European Reform.
Back in those pre-war, pre-Covid and pre-permacrisis halcyon days of early 2020, the world was the UK food sector’s oyster in terms of post-Brexit trading opportunities.
Ellie Newis reviews two of the flagship free trade agreements that were supposed to reignite the UK economy.