Britain is already heading for the worst coronavirus-induced slump of any major economy. Now fears are rising that businesses could be slammed by a second body blow this year — the failure of trade talks with the European Union.
The UK is lagging behind European counterparts in terms of growth because of Brexit, the Director of Tax Research UK tells Nick Ferrari.
In historical terms, however, those transgressions will end up being little more than footnotes. Viewed from afar, Johnson’s greatest failing is liable to be what he hoped would be his glorious legacy: Brexit.
It’s not easy to wipe the trademark grin off Richard Branson’s face, but one way is to ask the British billionaire about the challenges facing his home country.
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.
Brexit isn't working - nor is Boris Johnson's Britain | Ivan Rogers interview | The New Statesman [37 mins]
24/06/2022
The former UK Ambassador to the EU, Ivan Rogers, explains why even Brexiteers are dismayed over Brexit.
In our series looking at life after Brexit, the European parliament’s former negotiator Guy Verhofstadt argues that Britain exchanged a Jaguar for a Ford Fiesta in the 2016 referendum.
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.
Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.
As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.
The United Kingdom has passed the point of no return. It has less than six months to reach a new trade deal with the European Union or risk heaping more pressure on companies that are already laying off tens of thousands of workers because of the coronavirus pandemic.
Household incomes are around £1,500 year lower today than they were expected to be before the Brexit referendum – with the UK having experienced the sharpest income growth slowdown of any economy for which the OECD publish data.
Dezeen survey finds 84 per cent of UK architecture studios want to reverse Brexit "catastrophe"
26/01/2023
Nine in 10 UK architecture studios feel Brexit has had a negative impact on them, exclusive Dezeen research has found. / Three years on from the UK's departure from the European Union (EU) on 31 January 2020, Dezeen conducted a survey of 50 architecture studios asking about their experiences of working post-Brexit.
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.
European commission looks at tax rules after report reveals tech firms pay less than half the tax of traditional companies.
What should we call a project that poleaxes the economy, destroys our global reputation and threatens political stability in Northern Ireland? If we had known what would come to pass, how would we have voted on it six years ago?
"I have three priorities for our economy: growth, growth and growth." / Yet several reports say one significant factor to have impacted negatively on Britain's growth and economy — also creating a barrier to future performance — is Brexit itself.
BREXIT has caused the UK economy to spin in a "downward spiral", a north-east MSP has said.
Nigel Farage: ‘Brexit has failed’
16/05/2023
Former UKIP leader blames Tory government for not taking advantage of leaving the EU.
No-deal Brexit would be 'catastrophic' for British businesses after pandemic, warns CBI boss
11/06/2020
Dame Carolyn Fairbairn likens walking away from trade talks to ‘setting fire to the garden shed’ when the house is already in flames.
Annual growth will fall below 1% for first time in decade even with a deal, says thinktank.
Denmark is the largest importer of pork to the UK but that position is under threat if no deal is struck.
Crisis has led to 500% increase in Britons taking up citizenship in an EU state