Jeremy Hunt has denied that the decision to give some overseas construction workers easier access to UK jobs was a "betrayal of Brexit".
According to the Office for National Statistics (ONS), within the last quarter of 2022, the UK imported about £33billion more than it exported to the EU. / This is the worst performance of the UK export trade balance since records began in 1997. / This is a shocking testimony that Brexit has caused fundamental deep-rooted damage to British exports.
Brexit, two years on – so far, so bad
31/01/2023
31 January marks the two-year anniversary of the UK’s official withdrawal from the EU. Investment Monitor examines how hard Brexit has hit the UK economy so far.
As self-inflicted disasters go, it ranks as one of the worst in modern economic history."
The UK’s trade deficit with the European Union widened to a record in the final quarter of 2022 as imports from the bloc jumped.
We're more than a quarter of a million employees short.
The number of people who have decided to give up their UK citizenship has increased since the country decided to leave the EU, data obtained by the Independent has shown.
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.
Virgin boss Sir Richard Branson says he would not invest 'new money' in Britain blaming Brexit for poor economic growth
13/12/2022
Sir Richard Branson has blamed growing post-Brexit red tape for Britain's poor economic growth, saying he wouldn't "invest new money" in the country with the way things are at present.
Britain’s government insisted Thursday (24 November) that Brexit would pay off, even as new figures showed record levels of immigration six years after the country voted to quit the EU.
Forecasts of the economic hit caused by Brexit from the UK’s budgetary watchdog are wrong, according to chancellor Jeremy Hunt.
New government figures show post-Brexit slump in UK exports to Germany, France, Italy and Spain – and failure to transition exports to the US and China, says ParcelHero
Brexit cost UK importers £500m in August
25/10/2022
Imports from the EU fell by £500m in August, highlighting the “teething troubles” of the “post-Brexit universe”. / UK imports from the EU fell by £500m in August to reach £26bn, representing a 2% decline in value according to the Office for National Statistics (ONS). Exports to the EU also dropped in August, by £300m.
International delivery firm ParcelHero says August’s £800m fall in EU trade adds to the UK’s economic woes.
A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
The number of European Union citizens moving to the UK has fallen by up to 90 per cent since Brexit, according to Office for National Statistics estimates.
Of those who migrated to the UK in 2021, EU citizens accounted for just 5 per cent of the number of visas issued.
The Institute of Directors' economic confidence index for July, measuring business leaders’ confidence to invest in the UK, has barely improved since June.
Manufacturing organisation Make UK said the sector is battling to fill 95,000 vacancies.
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.
We desperately need to rejoin the single market and customs union, whatever the former PM thinks.
Yes, that headline is correct. The UK’s trade performance this year fell to its worst level since records began in 1955. And the cause, according to analysts and a headline article in the FT today – Brexit.
Official figures corroborate academic studies showing sharp drop in exports since Brexit.
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.