Jeremy Hunt’s budget shows that leaving the EU is only paying off in a parallel universe.
In this week's Word on the Ground column, Tony Gent hits out at Brexit and what he sees as 'totally irresponsible' Government policies...
Rishi Sunak's triumphalism over solutions on Northern Ireland and migrant boats ignores the fact the issues only arose because of Johnson's flawed Brexit deal - which he endorsed.
UK businesses facing increased costs and supply chain issues in post-Brexit system – new from UKTPO 15/03/2023
New analysis released today (Wednesday 15 March, 2023) by the University of Sussex’s UK Trade Policy Observatory (UKTPO), reveals that UK businesses are struggling with increased costs, labour and skill issues and supply shortages and issues following the UK’s departure from the European Union.
Brexit “slammed the brake on UK investment”, SNP economy spokesperson Stewart Hosie has said. / Responding to Chancellor Jeremy Hunt's Spring Budget, Mr Hosie argued the UK economy was “one of the weakest” in the G7.
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.
Legal experts say Brussels has right to take retaliatory action, making cross-border law enforcement harder. / We have noted the reaction of the United Nations, and they are really concerned about what’s going on,” Anton Hofreiter, the chair of the committee, told reporters in London.
WTO members are responsible for 98% of world trade, but it’s misleading to say all of this trade is done “through” the WTO.
Manufacturers say fears over red tape and political chaos are creating more uncertainty.
European firms have gone cold on doing business in UK, survey finds.
40% of UK manufacturers have looked to domesticate supply lines, while many EU firms are complacent about trading with British companies, Make UK says.
“Making it difficult to trade with your biggest market is a dumb thing to do", Sir Martin Broughton said.
Northern Ireland Brexit deal: At-a-glance 27/02/2023
UK Prime Minister Rishi Sunak and President of the European Commission Ursula von der Leyen have announced they have reached a new deal, aimed at fixing post-Brexit problems in Northern Ireland.
Brexit concerns need to be heard 23/02/2023
The UK’s exit from the European Union is damaging business and the difficult trading landscape post-Brexit cannot continue, argues Dan Gyves, managing director at Esska Shoes.
Fortum & Mason chief says it’s ‘almost impossible’ for food retailers to trade without Brexit deal over NI 21/02/2023
Without deal on post-Brexit trade rules in Northern Ireland, it is “almost impossible” for food retailers to export to the EU, says chief executive of Fortnum & Mason, Tom Athron,
UK still experiencing problems after three years of Brexit.
As the economic harm that it has done becomes ever clearer, all but the most die-hard Tory Brexiteers are increasingly prepared to admit that Brexit was a mistake. Trade with the Europe has slumped, productivity is down, and there are 4,000 fewer European doctors working in the NHS.
I have started reading the Brexit literature again. A recent paper – ‘What impact is Brexit having on the UK economy?’ by Graham Gudgin, Julian Jessop and Harry Western (GJW) from October 2022 argues there is no hard evidence of harm and that studies that claim to find harm are biased and/or incompetent! In this blog, I consider a few of their points in four areas.
Business group Logistics UK is urging government to prioritise the needs of the logistics industry, as Parliament continues to debate the Retained EU Law bill.
Brexit created "frictions" in trade that impacted the UK economy, Work and Pensions Secretary Mel Stride has said.
The UK’s trade deficit with the European Union widened to a record in the final quarter of 2022 as imports from the bloc jumped.
O'Meara's Garden Centre in Co Westmeath says the UK was their biggest source of plants after Ireland up to three or four years ago but they think within two years there will be no plants or seeds coming over the Irish Sea.
Brexit’s Long-Run Effects on the U.K. Economy - John van Reenen, Massachusetts Institute of Technology [pdf]
What will be the long-run economic effects of the United Kingdom’s decision to leave the European Union—informally known as Brexit? Compared with remaining in the European Union, there will inevitably be higher trade costs with the rest of Europe, which accounts for about half of all U.K. trade.
BRITAIN’S departure from the European Union is having a “serious detrimental impact on export” and is “not delivering the positives that were promised”, the boss of Dorset Chamber has said.
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.