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Government’s new trade red tape likely to hit long-term productivity, trade economists warn.
Northern Ireland minister’s proposal comes after PM denied plans for Swiss-style relationship with EU.
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.
There has been “greater friction” and “difficulties” over trade since Brexit, Health Secretary Steve Barclay has admitted, as he denied a report that the government is considering adopting a Swiss-style relationship with the EU.
Brexit now considered a mistake by significant majority of the population as UK’s economic fortunes fade.
Jeremy Hunt conceded there have been damaging trade barriers with the EU created by Boris Johnson’s Brexit deal.
The UK's finance minister has said he recognises that Brexit has brought trade barriers with the EU, but rejected calls for Britain to rejoin the single market, arguing that most obstacles can be removed over time.
"Brexit has definitely affected us for going to Tahiti (the largest island in French Polynesia) because we're no longer in the European Union," she told AFP.
Jeremy Hunt insisted the UK would find a way to improve trading ties with the EU without rejoining the single market. / "The latest evidence suggests that Brexit has had a significant adverse impact on UK trade, via reducing both overall trade volumes and the number of trading relationships between UK and EU firms."
A BBC Question Time audience member shut down a Tory minister who tried to dismiss the sustained impact of Brexit as “something that happened six years ago”. / "Brexit is a disaster for our economy."
"Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit," John Springford of the Centre for European Reform.
We are stuck in the Tory game of make-believe that everything is coming up roses in an English country garden. The reality is that following Brexit the rest of the world looks at England with a mixture of perplexity, pity, and amused contempt.
Food production in the UK is slowing down and some farms are shrinking. Many farmers say they’re struggling to cope.
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.
AN SNP MP has written to the Complaints Department of the UK Statistics Authority urging them to correct Michael Gove’s “wholly misleading” tweet about Brexit.
James O’Brien engages in an exhausting back-and-forth with this caller who struggles to justify why he voted for Brexit.
Are you a quality manager for a small medical device start-up looking to expand into global markets? Or maybe you are a seasoned device manufacturer preparing to once again traverse quality regulations to deliver a new product to the European market?
A businessman has discussed how Brexit is increasing the price of food, calling for the UK to rejoin the single market to help the British economy.
This week, Rishi Sunak talked of building 'an economy that embraces the opportunities of Brexit'. Here's 5 mins on Brexit's impact on the economy so far.
This Brexit built on lies can't be undone, but the new prime minister has a chance to minimise the damage.
Jonathan Portes assesses the extent to which predictions about trade and migration before the Brexit vote have materialised, highlighting that trade has been reduced by additional barriers but the extent to which liberalisation would increase migration flows in the short term was underestimated.
In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a 'Brexit dividend'.
Keir Starmer must be brave and try and reunite us in some way with the rest of our continent.
The former Green Party co-leader argued the new bill launches "an attack on nature like we've never seen before".