Jeremy Hunt’s budget shows that leaving the EU is only paying off in a parallel universe.
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.
Chris Heaton-Harris says "no", leaving the EU has not damaged the economy. / Northern Ireland Secretary Chris Heaton-Harris was left struggling to defend the economic case for Brexit, after being put on the spot by Sky News’ Sophy Ridge.
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.
I have started reading the Brexit literature again. A recent paper – ‘What impact is Brexit having on the UK economy?’ by Graham Gudgin, Julian Jessop and Harry Western (GJW) from October 2022 argues there is no hard evidence of harm and that studies that claim to find harm are biased and/or incompetent! In this blog, I consider a few of their points in four areas.
Slump in business investment since vote to leave EU has cost each household £1,000 in lost productivity
A Bank of England policy maker has warned that a wave of business investment was “stopped in its tracks” by Brexit, dealing a blow to the UK economy worth £1,000 ($1,204) per households.
The former chancellor said the Conservatives, Labour and national broadcasters "won’t talk about it", but the split with the EU is to blame.
A project manager’s disdain at chancellor Jeremy Hunt’s speech to Bloomberg's city HQ – ‘the UK will soon probably need to start offering its own nomad visa just to get people to come here,’ probably resonated with many IT contractors.
The cost of Brexit to June 2022 21/12/2022
My latest update estimates Brexit reduced Britain's GDP by 5.5 per cent by the second quarter of 2022. My model avoids the cherry-picking of data, and performs better than its critics’ methods.
THE UK will be the only major economy to plunge into recession the year, the International Monetary Fund (IMF) has warned – with the finger pointed at the “economic self-harm of Brexit” on the three year anniversary of Britain leaving the EU.
The UK is on course to be the world's worst-performing major economy this year, according to updated predictions from the International Monetary Fund - which puts at least part of the blame on higher taxes and interest rates.
Probably not the anniversary present the government was hoping to offer the public.
The forecast leaves the UK economy languishing behind sanctions-hit Russia.
British Chambers of Commerce presents government with urgent recommendations as members report struggling to sell into EU.
Brexit barriers are having a significant impact on North East small and medium-sized enterprises (SMEs), hitting their exports as they struggle with regulations and red tape, a new report this week reveals. The region’s universities are another sector badly hit...
Only a third of Leavers still see it as a success. So why won’t Starmer speak up?
A UK-first consultation has been launched to gather evidence on the biggest issues facing all industries - including farming - since Brexit.
The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.
Inflation and the cost-of-living crisis – both of which are also linked to Russia’s invasion of Ukraine – have been made worse by the cost of Brexit, according to the Ex-Secretary of the Department for Exiting the EU.
'Immense damage' done by Brexit is something I cannot ignore: Sadiq Khan attacks government 'denial' 12/01/2023
Sadiq Khan is expected to attack the Government’s “denial and avoidance” of the “immense damage” he says Brexit is wreaking upon the country.
The London Mayor will call for greater alignment with Europe, putting him at odds with Labour leader Sir Keir Starmer.
UK economy could be comparable to “Slovakia” in 10 years - says economist Duncan Weldon. / Will Dunn is joined by Duncan Weldon ... The two discuss the “uniquely” bad situation of the British economy, what role Brexit played in getting us here...
The evidence increasingly shows that our decision to leave the European Union has lifted the price of imported goods, flattened business investment and damaged trade.