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The political choice of Brexit has cost UK businesses as much as the unforeseeable Covid pandemic.
Six years on, it seems Europe still hasn’t got the memo. For that matter, neither has Britain. The United Kingdom, rather than leaping boldly into a brave new future, is imploding. Europe, meanwhile, seems to have found a new sense of purpose.
Britain has been outside the EU’s legal regime for a year and has faced a number of impacts.
Analysis: The UK’s revised-down Q3 figures should come as no surprise given business has been in second gear since 2016.
In the months after Boris Johnson signed his post-Brexit trade deal with the European Union, the coronavirus masked the economic damage of leaving the bloc. As the pandemic drags on, the cost is becoming clearer -- and voters are noticing.
Fears for farmers and anger over dropping of pledge to bind Australia to crucial climate temperature limit.
A NEW report has shown that the UK government’s prospective Free Trade Agreements are projected to only add between 0% and 0.16% to the UK’s Gross Domestic Product, up to fifteen years after their implementation.
The UK’s much-vaunted post-Brexit trade deals will only increase the country’s GDP by a minuscule amount over the next 15 years, a report by the National Audit Office (NAO) reveals today.
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.
A Sheffield supplements firm has spent £500,000 on a new base in the Netherlands to ensure it remains profitable ‘despite the challenges of Brexit’.
But Brexit minister now claims hard Brexit was ‘essential’.
THE UK Government’s trade minister admitted she doesn’t know the impact of the New Zealand deal on GDP compared to the cost of Brexit during questioning from MPs.
South Yorkshire to lose £900m and Tees Valley and Durham £750m, Michael Gove told – despite pledge to ‘match’ EU funds
New EU food safety regulation – coming into force next March – is ‘concerning’ exporters, MPs told.
One in eight traders have lost business – while a quarter of small firms consider moving operations out of Britain, Dispatches reports.
EIGHT in 10 smaller firms which face being impacted by the imposition of import checks next year have said they are not fully ready to comply with the new paperwork.
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.
The pound has settled above its recent lows vs. both the USD and the EUR, but it remains in a clearly weakened positioned. EUR/GBP is still seen at 0.85 by year-end while UK politics concerning the issues of Brexit and sleaze may impact the performance of the pound, economists at Rabobank report.
Johnson's much-trumpeted FTAs “barely scratch the surface of the UK’s challenge to make up the GDP lost by leaving the EU”.
All trade deals combined worth less than 50p per person a year, analysis of government figures shows.
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.
Fishing rows notwithstanding, much of Europe looks on at the UK’s plight with astonishment – and even, still, sympathy.
"This is now the third Asia-Pacific agreement in a row where more than 80 per cent of the projected growth in trade has gone to exporters in those other countries," she said.
The Covid threat to GDP is waning, but don’t expect the pain wrought by leaving the EU to subside any time soon.