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New research from economics experts at Aston University has found Brexit has caused a largely negative effect on UK services trade since the EU referendum.
SINCE the EU referendum in 2016, there have been largely negative effects to the UK services trade, according to new research.
The protocol could leave Northern Ireland's economy 2.6% smaller compared with a scenario in which the UK stayed in the EU, new analysis suggests.
SCOTLAND's economy has taken a major hit while Northern Ireland has outperformed the rest of the UK while staying in the EU’s single marker, Office for National Statistics (ONS) figures show.
But Brexit minister now claims hard Brexit was ‘essential’.
Brexit is now the Conservative Party’s sacred cow. Not so much policy as religious faith. The merest hint of criticism is regarded as apostasy by a party dangerously in thrall to an agenda that threatens to shatter the United Kingdom and leave England stuck in a permanent economic slow lane, isolated from its neighbours and friendless in an uncertain world.
Business chiefs and economists say huge disruption lies ahead if Downing Street triggers Article 16.
Britain's economic recovery from the coronavirus pandemic lagged behind that of other rich nations in the July-September period, according to official data on Thursday which underscored the interest rate dilemma facing the Bank of England.
Britain's economy risks stagnation and sticky inflation over the coming years due to persistent supply-chain bottlenecks and headwinds from Brexit, the National Institute of Economic and Social Research (NIESR) think tank warned on Tuesday.
Supply chain disruptions and a slump in consumer confidence are set to see the UK economy stagnate in the medium-term, a major economic think tank said on Tuesday.
Faced with the unpalatable conclusion that the U.K.’s free-trade deal with Australia would further harm Brexit-hit Northern Ireland, Boris Johnson’s officials simply changed how they crunch the numbers.
Exporters forced to fill in 48 million customs declarations and 140,000 health certificates over eight-month period.
Brexit is forecast to do more permanent damage to the economy than Covid. But this self-inflicted wound can be healed.
Across the world, there is incomprehension at what we have done to ourselves.
Fishing rows notwithstanding, much of Europe looks on at the UK’s plight with astonishment – and even, still, sympathy.
Poll also shows that more than half believe it is affecting shop prices, as experts forecast it is likely to be twice as costly as Covid.
The Covid threat to GDP is waning, but don’t expect the pain wrought by leaving the EU to subside any time soon.
According to the Office for Budget Responsibility (OBR), shortages across various industries have been “exacerbated” by new immigration rules for EU citizens and trade barriers with the bloc.
Brexit will be more harmful for the UK’s economy than Covid-19, the official public finance forecaster predicted.
The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.
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.
People, businesses and communities are now paying a heavy price for a hard Brexit we never voted for, imposed by a Tory government we never voted for. / Here’s a rolling list of the impacts of Brexit.
One port operator has had to demolish building work for new checks, while other crucial customs sites do not even have planning permission yet.
Every now and then there are weeks when Brexit issues surge back to the foreground, and this has been one of them.
International students thought to be worth £25.9bn a year to UK economy.