Bank of England policy maker Catherine Mann waded into the Brexit debate, blaming UK’s departure from the European Union for adding to inflation. / “However, the UK has also been affected by a third type of shock which makes it unique: no other country chose to unilaterally impose trade barriers on its closest trading partners,” she added.
Superdry chief executive Julian Dunkerton has become the latest company head to warn of the possible risks from Brexit to British companies.
A town hall will need to stump up an extra £38m for its new wave of council homes due to soaring costs.
‘From rhetoric to recession’: Dutch press say Britain is now facing economic realities of Brexit 20/01/2023
Labour shortages have made inflation more persistent, Joost Derks said, putting Britain's economy in a slippery slope.
Iain Overton examines the lack of consequences for the Brexiters that promised us sunny uplands.
System working ‘broadly as Leave advocates promised’, say think tanks’ report. / Post-Brexit immigration rules have led to a shortfall of around 330,000 workers in the UK and had helped fuel inflation, according to top economists.
If inflation stays high, will the PM be honest enough to agree with the Bank of England that leaving the EU is partly to blame?
Brexit regret: Why the ‘undeniable disaster’ finally hit home with the British public in 2022 01/01/2023
Public opinion shifted against Brexit after a deluge of damning evidence on economic costs.
In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.
Two years after Britain’s departure from the European Union, bosses of UK businesses are reeling from the cost of Brexit, including some who voted to cut ties with Brussels.
Fruit and veg supply could be ‘in trouble’, says NFU – citing added costs of Brexit and Ukraine war.
Egg shortages ‘just the start’, says NFU – warning tomatoes, cucumbers and pears could become scarce.
Brexit added £210 to the average household food bill in the two years to the end of 2021, new research suggests.
Huw Pill said Brexit has reduced trade between the UK and Europe which has had a knock-on effect on labour, productivity and prices.
Brexit is partly to blame for historically high inflation in the UK by causing labour shortages, strengthening pricing pressure among firms, and weakening the economy, Bank of England chief economist Huw Pill has said.
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.
Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.
THE UK will suffer the worst recession of any of the world's top economies as Britain's painfully high rate of inflation is exacerbated by the effects of Brexit and the UK Government's untargeted energy support scheme, a new report has found.
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.
A Brexit border control post in Holyhead is set to shrink under plans for a lighter touch system using more data and technology. In May, the UK Government delayed introducing more checks on EU goods entering the UK for the fourth time over fears it will impact supply chains and add to rising inflation.
Is Brexit to blame for Britain’s mess? 09/11/2022
Britain has been an object of international derision in recent months. / Britain, said some outside observers, had turned into an emerging market — even a banana republic. But why has a country, traditionally renowned for its stability, been engulfed by such turmoil? / Brexit is the reason, according to critics of Britain’s departure from the European Union.
GIVEN the ruling Conservatives’ seeming penchant for pulling the wool over the electorate’s eyes on Brexit, it was heartening last week to hear Mark Carney deliver some home truths.
Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.
Mark Carney, who ran the central bank until March 2020, said the UK’s decision to leave the EU had devalued the pound which put upward pressure on inflation.
Former Bank of England governor Mark Carney has doubled down on his claims Brexit has taken a toll on the pound and sparked higher inflation.