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"Re-join the single market to undo Brexit damage" says Plaid Cymru Leader Rhun ap Iorwerth
23/06/2023
Wales and the rest of the UK should re-join the single market to undo the economic damage caused by Brexit, Plaid Cymru has said.
"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
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.
Closures in 2020/21 follow 856 restaurants shutting down the year before.
“You bring Brexiters on, you never challenge them. You let them talk utter rubbish about Brexit. Year after year after year.”
It appears HM Treasury has realised bringing in a measure that will so obviously lead to higher food prices is not a good idea when the country is in the grip of an inflation spiral.
Huw Pill said Brexit has reduced trade between the UK and Europe which has had a knock-on effect on labour, productivity and prices.
If Britain ends up in the recession expected by the Bank of England, public anger will be looking for an outlet. / I asked Albrecht Ritschl, professor of economic history at the LSE, what single move the UK government could make to alleviate the pain. “Suspend Brexit for 20 years.”
London: British Prime Minister Boris Johnson has ordered ministers to slash one in five public service jobs to free up billions for tax cuts.
The Prime Minister has used the Tory conference to downplay the societal and economic impact already being felt around the UK by leaving the European Union.
In historical terms, however, those transgressions will end up being little more than footnotes. Viewed from afar, Johnson’s greatest failing is liable to be what he hoped would be his glorious legacy: Brexit.
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.
Brexit added £210 to the average household food bill in the two years to the end of 2021, new research suggests.
Fruit and veg supply could be ‘in trouble’, says NFU – citing added costs of Brexit and Ukraine war.
The independent Office for Budget Responsibility has calculated that the scarring effect of covid lockdowns on the UK economy is only half of what it has cost the UK to leave the European Union.
Brexit border controls on certain foods imported to Britain from the European Union may push up inflation there by 0.2 percentage points, according to a report published by Allianz Trade.
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.
Brexit Britain Confronts Reality
18/08/2022
Britons must look at themselves calmly and honestly, recognizing the tough times that lie ahead and the changes needed to get the country back on track. Unfortunately, the country's political leaders remain unwilling to treat voters like grown-ups.
Brexit Britain has 'significantly underperformed' compared to EU and US since 2016 referendum
14/02/2024
The UK has "significantly underperformed" compared to the European Union and the US since the referendum in 2016, new Goldman Sachs analysis shows.
Economists say border costs added £7 billion to grocery bills. / Study comes as ONS data shows food prices driving inflation.
Business chiefs say new red tape could reduce shelf life of fresh produce by one-fifth. / A group representing 30 major business bodies said the new requirement to notify the British authorities a day before European goods are sent would lead to big delays.
Brexit crippled the UK economy – Liz Truss just made it worse | Economics | New Statesman [5 mins]
22/10/2022
Economist Duncan Weldon and the New Statesman’s polling expert explore how Brexit and austerity have damaged the UK economy and set the stage for Liz Truss’s “mismanagement.”
Adam Posen, a former Bank of England policy maker, said most of Britain’s inflation problem stems from Brexit and that he’d vote for a half-point interest rate increase to curb an upward surge in prices.
WELL, the cat is out of the bag. Brexit visionary Nigel Farage has finally admitted the truth – that Brexit has been an unmitigated disaster for households and businesses across these islands.
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average.