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The economic fallout from leaving the EU is becoming all too apparent.
Cabinet minister in ‘complete denial’ over Brexit harm to Britain’s economy which experts put at £31 billion
13/06/2022
Treasury silent on damage being caused by Brexit to Britain’s economy and Bank of England accused of being reluctant to talk about it.
EU launches four new legal actions against UK government for breaking Northern Ireland protocol
22/07/2022
The European Commission has launched four new legal actions against the UK government for breaking parts of the Northern Ireland Brexit deal.
The UK Chancellor said the Treasury would not lend support to manufacturers that favour EU rules.
The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.
Trade experts ridicule David Frost for denying his Brexit deal is responsible for exports crash
12/03/2021
Author of agreement accused of ignoring ‘every reputable trade specialist and 100 years of trade theory’
In truth, the Buzzfeed leak doesn't tell us anything we didn't already know. It's a bit less severe than the Treasury analysis from before the referendum, but it's playing in the same sandpit. It's broadly in line, if a little more moderate, than most of the analysis conducted before and after the referendum.
Funds for regional projects dry up at the end of 2020 but Treasury yet to offer alternative.
Dominic Cummings: Boris Johnson aide given formal powers to sack cabinet ministers' advisers
18/09/2019
Move follows controversy over the dismissal of Treasury aide Sonia Khan - who was frogmarched out of Downing Street. / Dominic Cummings has been handed a new formal power to sack cabinet ministers' advisers, triggering a protest from the head of the civil service union.
Documents seen by Channel 4 News reveal that the Treasury and Department for Transport have been asked for advice on possible costs and risks.
Treasury committee says confidence in preparations has collapsed amid customs chiefs’ doubts that IT system will be ready. There will be a fivefold increase in customs checks at Dover and other UK ports after Brexit, an influential group of MPs has found.
Scotland government demands lost EU funding be ‘replaced in full’ by Treasury after UK's exit
15/02/2019
Welsh Assembly also seeking reassurance over future cash flow and pensions.
Chancellor refuses to publish analysis of economic damage from Boris Johnson's deal before MPs vote
18/10/2019
Treasury committee head suggests it means ‘existing analysis stands’ – of a £130bn hit from loss of frictionless trade with EU.
Brexit is to blame for the Dover travel misery blighting Britons’ Easter holiday trips to the Continent, a senior Tory MP said on Monday.
The Brexit divorce bill will cost each taxpayer on average £305 more than previously expected, according to new government figures.
The Treasury will not carry out any further analysis of the economic impact of the Brexit trade deal Boris Johnson agrees with the EU or the impact of negotiations collapsing, Rishi Sunak has said.
High inflation, low investment confidence and a weaker currency make the UK an attractive target for European suitors.
New staff needed to cope with the government’s controversial retained EU laws bill will cost Whitehall dearly in a financial crisis.
Truss can’t hide from the crisis she created
28/09/2022
Rejecting expertise and skill in favour of loyalty was always going to lead to this.
This Treasury document sets out things that trade experts have been saying pretty clearly, but that the government has refused to accept.
Rishi Sunak's comment confirms fears that the UK could crash out of the EU without an agreement in December 2020 under Boris Johnson's plans.
The Treasury’s latest estimate put the figure at £42.5 billion – up from £37.3 billion a year ago.
“These forecasts are a vital indicator of the health of the nation’s finances," Mel Stride said.