The ruling Conservatives’ efforts to big up their paltry free trade deals with Australia and New Zealand took something of a comic turn this week, with the revelation that the UK Government was shipping signed copies of The Beano to the two countries.
It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.
CPTPP will not make up for Brexit
16/04/2023
The UK’S membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership offers little gain for the British economy.
‘A terrible, self-inflicted own goal’: Kevin Maguire pins Britain’s economic woes to Brexit
12/04/2023
The Mirror man called the UK's split with the EU "a disaster, a nightmare," adding that "long term it'll take 4% off the economy."
The UK economy will perform worse than any major economy this year, even worse than sanctions-hit Russia.
Paul Johnson, director of the Institute for Fiscal Studies (IFS), has told PoliticsHome Brexit and last year’s political turmoil may be among factors that have contributed to the IMF's gloomy economic forecasts for the UK.
Leaving the European Union had an impact on the UK economy equivalent to the coronavirus pandemic and likely reduced output by 4%, the chairman of the Office for Budget Responsibility told the BBC.
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.
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.
Northern Ireland's construction outlook good - but Brexit 'complicates trade and hampers growth'
02/02/2023
The fall-out from Brexit continues to "complicate trade and hamper growth" in the north's construction sector, according to the latest industry barometer from Aecom.
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.
Three years after the UK formally exited the European Union, the International Monetary Fund (IMF) has released new economic forecasts for 2023 which project that the UK will be the only advanced economy to contract this year.
Brexodus: Where have all the workers gone?
26/01/2023
The consequences of ending the free movement of people between Britain and the EU are becoming painfully clear.
Trade Consultation: Give Your Evidence - UK Trade and Business Commission [Deadline: 17/03/2023]
23/01/2023
The UK Trade and Business Commission is gathering evidence to understand the main challenges facing businesses, organisations and economic sectors to establish which policies and trading arrangements will help overcome the economic and trading barriers facing the UK today.
Government accused of ‘failure and broken promises’, as exports set to slump next year.
The UK economy looks sickly against international comparisons, so let’s be honest about the three causes.
The OBR forecast that Brexit would cost the UK economy 4% of GDP now looks ridiculously optimistic as the damage mounts.
From Brexit to Regrexit [9 mins]
10/01/2023
Almost three years after the United Kingdom's formal departure from the European Union, voters are turning sour on the 2016 decision to leave. A recent poll showed that 57% of voters view the departure from the EU as a mistake compared to the 52% who voted for the original Brexit referendum. So what changed?
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.
Editorial: The UK’s six-year Brexit hangover
05/01/2023
There's little talk of reversing the decision, but evidence of Brexit-induced harm is piling up.
New research conducted by the British Chambers of Commerce has found that British businesses are being hampered in their trade with the EU because of the current Brexit deal but it finds that some changes and a few "side deals" could solve some key problems.