With reliance on EU products returning to pre-Brexit levels, closer supplier ties will be essential to managing uncertainty in the market, writes Pablo Cristi Worm.
Brexit: nine UK regions where exports have fallen since 2018, including Wales, the South East and Yorkshire
11/07/2023
Northern Ireland has been hardest hit, with exports to the EU falling by a third between 2018 and 2021, analysis of official figures shows.
The UK has seen investment from overseas collapse in the past two years, underscoring its diminishing allure as a global business destination since Brexit, revised United Nations data show.
Post-Brexit import checks due to be introduced this autumn are predicted to cause "a shock in the system" with the price of meat and dairy seeing another spike on top of recent inflation.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
Net migration in the UK hit a record high of 606,000 in 2022, almost double the level seen before the UK voted to leave the EU in 2016.
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average.
Grant Shapps has stressed the importance of post-Brexit controls on work visas after government sources confirmed that ministers are braced for a record increase in immigration figures this month.
According to the Office of National Statistics (ONS), the number of EU citizens in the country on a short-term basis fell 10% in the 2021 Census, compared to a decade ago.
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.