Brexit’s Long-Run Effects on the U.K. Economy - John van Reenen, Massachusetts Institute of Technology [pdf]
What will be the long-run economic effects of the United Kingdom’s decision to leave the European Union—informally known as Brexit? Compared with remaining in the European Union, there will inevitably be higher trade costs with the rest of Europe, which accounts for about half of all U.K. trade.
British Chambers of Commerce presents government with urgent recommendations as members report struggling to sell into EU.
In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.
Extra checks and requirements on goods crossing the border has increased food prices by 6% overall, says the Centre for Economic Performance.
Brexit piled on an average of £210 extra to household food bills in two years, a fresh research paper has found.
A new study has explored how Brexit is contributing to rising food costs in the UK.
Non-Tariff Barriers (NTBs) are the main policy impediment to international trade, yet little is known about their pass-through to prices. This paper exploits the Brexit trade policy shock to quantify how NTBs affect consumer prices and welfare. The increase in NTBs raised prices by 6%, implying a pass-through of 50-80%.
Research has revealed that during the two years leading up to the end of 2021, Brexit cost UK consumers a total of £5.8 billion in food bills.
By the end of 2021, Brexit had already cost UK households a total of £5.8 billion in higher food bills – new LSE research 01/12/2022
Leaving the European Union (EU) added an average of £210 to household food bills over the two years to the end of 2021, costing UK consumers a total of £5.8 billion, new research from the Centre for Economic Performance (CEP) at the London School of Economics finds.
Brexit added almost £6bn to UK food bills in the two years to the end of 2021, London School of Economics (LSE) researchers have discovered.
Brexit crippled the UK economy – Liz Truss just made it worse | Economics | New Statesman [5 mins] 22/10/2022
Economist Duncan Weldon and the New Statesman’s polling expert explore how Brexit and austerity have damaged the UK economy and set the stage for Liz Truss’s “mismanagement.”
In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a 'Brexit dividend'.
Red tape continues to frustrate small businesses as the hunt for the sunlit uplands goes on.
When the Brexit transition period ended, new barriers for UK-EU trade were introduced.
An island nation must trade with its nearest mainland, whatever our new Brexit opportunities minister claims.
Jacob Rees-Mogg raises business hopes by saying there is ‘no point’ to tests – but is slapped down by No 10
'After the Brexit deal was signed, Boris Johnson infamously claimed that there would be "no non-tariff barriers" on trade with the EU.' - Hilary Benn 13/02/2022
'After the Brexit deal was signed, Boris Johnson infamously claimed that there would be "no non-tariff barriers" on trade with the EU. It wasn’t true.'
Manufacturing after Brexit - UKICE 26/01/2022
Just over a year since the UK left the single market and customs union, and despite the impact of the pandemic, which makes this kind of analysis all the trickier, we can begin to analyse the impact that Brexit has had on the UK economy. These impacts will vary significantly by sector and also by region. In this report, the authors investigate what they might be in the area of manufacturing.
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.
French processors want UK value-added seafood products used as bargaining chip to settle Brexit fight 25/11/2021
French fishermen are threatening to block access to all UK seafood products, but processing companies are warning that blanket efforts against all UK raw material would be counter-productive.
The Economic and Social Research Institute estimates that Brexit has led to a 45% reduction in goods imports coming from the UK to Ireland.
The Brexit trade deal hailed as a £148 million boost to the UK fishing fleet over the next five years will instead punish the industry to the tune of more than £300m, a new report says.
It was billed as the rebirth of British business — a chance to build a brighter commercial future, free of costly bureaucracy. But Brexit is proving far from profitable for many UK small and medium-sized enterprises (SMEs).
For Britain's small and medium-sized businesses, trading with European nations used to be easy. After Brexit, that's no longer the case with the emergence of obstacles that didn't exist before.
But the UK’s departure means far-reaching changes for the Irish economy. We are already seeing signs of how things may shake out and the really fundamental changes it means for many businesses, for consumers and for trade.