Showing:
◈ business×
Brexit: three in five export businesses see no positive effect of free-trade deals, government research finds
16/08/2023
The ability to sign free trade deals independently was touted as one of the main positives with Brexit, however agreements with Australia and New Zealand have been predicted to have limited economic impact.
Survey of exporters shows increased pessimism about benefits of post-Brexit trade deals. / British firms are increasingly pessimistic about the benefits of post-Brexit free trade deals, according to the government’s own research.
BRITISH companies are losing faith in the UK’s post-Brexit trade deals and many believe leaving the EU is hammering exports, Government research has revealed.
'Rishi Sunak told me Brexit would be amazing - now four independent businesses in our home town are closing'
13/08/2023
Jo Foster has asked her MP, Rishi Sunak, three times for help with her businesses struggling after Brexit. She told Politics Editor Ralph Blackburn he needs to face up to reality.
The retailer, which recorded a 13% decline in EBITDA to £48.9m, said the EU referendum and subsequent fall in the value of the sterling was a key factor in the business’ slumped profits. /
"Brexit has been a massive challenge for us. Our costs have just skyrocketed. It’s been really painful. We’ve had to open a separate facility in Europe just to fulfill our wholesale orders that go to Europe."
It appears HM Treasury has realised bringing in a measure that will so obviously lead to higher food prices is not a good idea when the country is in the grip of an inflation spiral.
As the years have rolled on, the enormous disadvantages of leaving the European Union have been there for all to see but the supposed benefits touted by those who brought us Brexit have remained entirely conspicuous by their absence.
Brexit cut profits for ‘nearly all’ independent retailers trading with EU, industry leader says
04/08/2023
Brexit made some businesses “suddenly uncompetitive” as costs and red tape increased, says the CEO of the British Independent Retail Association
A brutal Financial Times investigation has unveiled the “all pain no gain” trading conditions many British businesses face post-Brexit.
“Car crash!” exclaimed managing director Andrew Varga, whose Brexit progress I have been following since the referendum. News of the latest Brexit U-turn landed on him on Tuesday out of the blue. All his years of preparation for a new UK product safety mark, all his thousands of pounds wasted, all the uncountable hours and effort were rendered pointless, at a stroke.
The company first began operations in Belgium in 2021 due to what it calls the "challenges of Brexit" around shipping equipment to EU countries.
Brexit red tape led to us suspending EU exports and profit dropped to zero, says business owner
03/08/2023
One small business owner said her net profit margins had dropped to zero in the years since Brexit.
Despite claims over taking back control, UK is forced to comply with rules on which it has no say.
Woman slams Rishi Sunak over Brexit after four independent businesses close in PM's constituency
02/08/2023
Rishi Sunak was told that “increased taxes, soaring costs, the impact of Brexit, difficulty finding staff, all combined with the fact that it was your government that crashed the economy” led to four businesses closing.
UKCA: a symbol of the folly of Brexit
01/08/2023
I said that I would break the ‘summer recess’ of this blog if a Brexit event of sufficient interest or importance occurred and it has, with the government’s announcement today of an “indefinite extension to the use of CE [Conformité Européenne] marking for British businesses”.
He said the move "hugely reduces" the risk of post-Brexit divergence on product standards between Northern Ireland and Great Britain.
CE symbol due to stay after government U-turn.
Adoption of Britain-only rival to EU’s CE designation postponed ‘indefinitely’, say ministers.
The government has quietly admitted Singapore-on-Thames is dead.
From October, consignments carrying some meats, dairy and fish will require vet-signed export health certificates.
Britain on Tuesday said it would retain the European 'CE' safety mark for products indefinitely rather than scrap it following the country's departure from the European Union, in a move welcomed by businesses as a pragmatic step.
Christmas food at risk as new Brexit regulations leave businesses out in the cold – again
01/08/2023
Many businesses are unprepared for the new rules which will come into effect from October 31.
The prime minister’s Windsor Framework, agreed with Brussels this year, will create ‘more burdensome’ bureaucracy for many firms than the status quo, peers said.