Britain remains on track for a record fall in living standards over the two years to the end of March 2024, despite an upward revision to growth forecasts, the Office for Budget Responsibility (OBR) said on Wednesday.
The Economic and Social Research Institute estimates that Brexit has led to a 45% reduction in goods imports coming from the UK to Ireland.
The United Kingdom’s departure from the European Union and the European Single Market has come at a price. The Polish Economic Institute (PIE) calculated that Poland’s trade in goods with the UK in the first quarter of 2021 was EUR 840 million less than the same period in 2020.
Trading difficulties are behind the 38% fall.
An A-Z of EU trade agreements from Albania to Zimbabwe.
The EU has in place, or is negotiating, trade agreements with countries and regions around the world.
The European Union (EU) is the world's largest single market and the EU Trade Helpdesk is your one-stop-shop to access it. The EU is committed to helping exporters like you in its trade partner countries with the information you need ...
Ellie Newis reviews two of the flagship free trade agreements that were supposed to reignite the UK economy.
Sam Bright summarises the key issues with the UK’s attempts to forge new economic alliances after leaving the world’s largest trading bloc.
The number of UK businesses exporting to the EU fell by a third in 2021, new figures revealed.
Brexit will lead to permanent loss of trade in meat, says BMPA’s new Brexit Impact Report
29/03/2021
The British Meat Processors Association has published a Brexit Impact Report which draws on the experiences of meat exporters to date and says problems with new rules at the border are not going away and predicts a permanent reduction in trade.
In the months after Boris Johnson signed his post-Brexit trade deal with the European Union, the coronavirus masked the economic damage of leaving the bloc. As the pandemic drags on, the cost is becoming clearer -- and voters are noticing.
ONS figures could be a sign that the UK is losing its overall competitiveness, say experts.
But the UK’s departure means far-reaching changes for the Irish economy. We are already seeing signs of how things may shake out and the really fundamental changes it means for many businesses, for consumers and for trade.
"The really big self-harm inflicted by the UK on itself was Brexit," which has made the current crisis much worse. - economist Peter Doyle
28/09/2022
Former Bank of England and IMF economist Peter Doyle on SkyNews: "The really big self-harm inflicted by the UK on itself was Brexit," which has made the current crisis much worse. For example: / - Trade frictions when we need to boost exports / - A weaker pound worsening inflation
The ONS revealed that total trade in goods with EU countries tumbled by 23.1% in the first quarter compared with three years ago.
The 4% hit to economic output envisaged by the UK’s fiscal watchdog could cost £84.5bn, Labour and Commons library research suggests.
It would be wrong to focus too much on 2021 when looking at the effects of Brexit on UK trade. We have just published a new paper looking at how it affected UK trade between 2015 and 2018. It shows for the first time that fears about Brexit weakened the UK’s trading position long before the vote to leave the EU even took place.
Volume of Irish-British freight traffic has been ‘significantly altered’ by Brexit, survey suggests
13/08/2021
Post-Brexit trade frictions have led to ferry freight flows between Great Britain and the Republic of Ireland dropping by 29% in the first half of 2021.
Business leaders say the second anniversary of Brexit today has been marked by continuing difficulties for exporters trying to trade with the EU.
The United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research published on Monday.
The trade impact of Brexit is laid bare in the latest Central Statistics Office (CSO) data, which shows a huge surge in imports to Ireland of goods from Europe and a sharp fall in goods bought from Britain, as Irish companies opened up new supply chains to avoid tariffs and delivery delays on goods from the UK.
“This shows how the post-Brexit increase in custom costs to UK consumers is really biting," a senior manager at an accountancy firm has said.