Brexit: despatches from the downside – No 24 01/03/2024
In this week's Brexit downsides, extra food labelling costing up to £250mn, a huge drop in overseas students, veterinary shortages in NI, and more.
Four years after Brexit, government struggling to sign FTAs. / New border rules taking effect Wednesday add to EU friction.
Jersey's "reputation is being tarnished" due to Brexit-related trade delays, the owner of an oyster company has said.
How has Brexit changed EU–UK trade flows? 01/01/2024
This paper estimates how Brexit has affected goods trade between the United Kingdom and European Union. Using product-level trade flows between the EU and all other countries in the world as a comparison group, we find a sharp decline in trade from the UK to the EU and significant but smaller reductions in trade from the EU to the UK.
Global Britain has failed – what next? 16/02/2024
The vision of post-Brexit Britain was one of international trade deals that would propel the country into a new era of prosperity. That vision of “Global Britain” is now dead. Thomas Sampson argues that the only viable alternative is a closer trade relationship with the EU.
Britain has “significantly underperformed” compared with the EU and US since the vote to leave in June 2016, Goldman Sachs claims.
Britons are counting the cost of Brexit as the combination of the referendum, pandemic and energy crisis takes its toll.
Businesses that make sporting goods, children’s toys, jewellery and medical goods have struggled the most with the border costs imposed by the UK’s decision to leave the EU.
Sky's Paul Kelso writes that the prospect of removing checks in Northern Ireland highlights how trading with the EU has just got harder for the rest of the UK. / By luck or design the breakthrough in Northern Ireland, facilitated by the easing of customs controls, came on the same day that trade between the EU and the rest of the UK became a whole lot more complex and costly.
The Expert Factor takes a deep dive into how Brexit is working out – and how it might work out in the months and years ahead.
Collapsed trade talks, new border checks, 14-hour queues at the border and medicine shortages... it's just another day in Brexit land.
Small businesses need more support as growth slows 40% during difficult decade, report warns 01/02/2024
International trade has become increasingly challenging following Brexit and the Covid-19 pandemic, with nearly one quarter of small firms viewing Brexit as a major business obstacle between 2018 and 2021 as the UK struggled to bounce back as quickly as other countries.
James O'Brien highlights the 'political imbecility' of Brexit amid new food import checks [15 mins] 30/01/2024
James O'Brien discusses recent reports suggesting food imports to the UK are at risk in confusion over post-Brexit checks and emphasises how this proves how 'stupid' the idea of Brexit really is. James highlights how people believed the words of a 'proven liar' in Boris Johnson and a 'proven idiot' in Jacob Rees-Mogg, who assured people that 'food would be cheaper.'
The UK left the EU on January 31, 2020, and this began the complex process of de-coupling the UK regulatory regime from that of the EU. This has not been straightforward, particularly where goods move into and out of Northern Ireland (NI), where the EU rules continue to apply, from Great Britain (England, Wales, and Scotland (GB)), where they do not.
The price of the Tories’ new border regime beggars belief. In a cost of living crisis, it’s a bill we can’t afford.
British businesses are warning of a new wave of post-Brexit trade disruption because EU exporters are not ready for UK customs changes which start this month, and Britain's port infrastructure might be unprepared too.
Though Johnson promised ‘no non-tariff barriers’, firms say they are struggling under ‘compliance burden’ of customs and safety checks.
Exports to the EU from Scotland slumped by up to 25% two years after Brexit as trade with the rest of the UK rose, it has been revealed. / Scottish Government estimates show that the value of Scotland's exports has slumped by nearly £2bn since the UK exited the EU from £16.950bn in 2019, to £14.970 in 2021 - a 12% drop in two years.
A new survey by the British Chamber of Commerce's Insights Unit of 733 businesses (97% SMEs) shows the difficulties facing British firms in using the Trade and Co-operation Agreement (TCA) have not eased.
60% of UK exporters say selling to EU has become harder over past year – with more red tape to come.
Research for Flemish firms has found that 74% of UK companies said they had been forced to consider other markets, due to post-Brexit administration struggles.
The value of goods sales from Great Britain to Northern Ireland dropped by 2.4% in 2022, official data suggests. / Meanwhile the value of goods imported from the Republic of Ireland, the wider EU and the rest of the world all increased.
New study highlights increasing importance of French market for Irish exporters. / The Republic’s bilateral trade with France has mushroomed to a record €30 billion per annum in the wake of Brexit, according to a new report.
'...my self-imposed task of documenting the Brexit impact has become a challenge not so much because of the difficultly of weighing up the positives and the negatives, but rather due to the sheer amount of damage Brexit is doing up and down the country, left, right and centre, and across sectors.'
The United Kingdom (UK) withdrew from the European Union (EU) on January 31, 2020, and completed the transition period on December 31, 2020, officially leaving the EU and becoming a third country. This event, known as Brexit, has had significant implications for the UK’s economy, including the automotive industry.