Probably not the anniversary present the government was hoping to offer the public.
The problems have been "amplified" by Brexit, the former Bank of England governor said.
Speaking at the CBI’s annual conference in November, 2022 UK prime minister Rishi Sunak argued that Brexit is “already delivering enormous benefits” to the UK economy. Our Poll asked: Do you agree?
More than half of UK businesses who trade overseas are finding it difficult to trade goods with the EU post-Brexit, according to a new survey.
Asked about feared 4% GDP slump, Jeremy Hunt says he doesn’t accept ’all’ OBR forecasts – adding ‘I accept all the ones I agree with’.
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.
'The Covid veil, now almost completely lifted, has revealed the challenges still faced by exporters struggling with customs and paperwork challenges and other Brexit constraints putting off overseas customers'
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.
Ireland’s deputy premier Leo Varadkar said the Irish economy was decoupled from the UK’s a long time ago.
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.
Six years after the UK voted to leave the EU, and two years since we officially left the trading bloc, Brexit has reared its head yet again this week.
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.
UK recession: What went wrong for the economy, from Brexit and Covid to Russia’s war in Ukraine 04/11/2022
Current financial woes ‘bear out warnings of Remain side in EU referendum’.
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
Manufacturing sector shrinks as recession looms – Ports and Brexit complications made matters worse 01/09/2022
The inflationary clouds that have been building over the UK manufacturing industry have finally burst, with a dramatic fall in demand creating the sharpest reduction of new orders since May 2020.
As Prime Minister Boris Johnson prepares to depart Downing Street, tossed from office by his own party, his legacy — the opening lines of his eventual obituary — will call him the man who “got Brexit done.” / So how is that going? What can be said about the post-Brexit Britain that Johnson is leaving behind?
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.”
Boris Johnson’s government faces deep economic problems. / UK lagging behind major peers on productivity and investment. / “... From a 16% devaluation of the pound to an eye-watering slide in trade and investment, Brexit’s impact is plain to see. The data have only reinforced our view that life outside of the EU would leave the UK worse off.”
SNP Westminster leader Ian Blackford says Brexit is now starting to harm the UK economy. He asked if the government would negotiate an economic agreement with the EU, or if he would "wilfully push the UK into recession".
EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation.
ONS figures show GDP fell by 0.3 per cent in April, with all three main sectors suffering a fall in output for the first time since January 2021.
London: British Prime Minister Boris Johnson has ordered ministers to slash one in five public service jobs to free up billions for tax cuts.
How Britain Falls Apart 05/01/2022
A road trip through the ancient past and shaky future of the (dis)United Kingdom. / The grim reality for Britain as it faces up to 2022 is that no other major power on Earth stands quite as close to its own dissolution.
Accountancy firm warns of stalled economic recovery without EU trade agreement.