It’s no secret that COVID-19 and Brexit have had a lasting effect on a wealth of businesses. In particular, the manufacturing sector has been heavily impacted due to the UK’s withdrawal from the single market and the subsequent restrictions on imports and exports.
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. /
Political row breaks out over Brexit as transport firm Morgan McLernon confirms proposals to close Lurgan site with 500 jobs at risk 10/08/2023
After transport firm Morgan McLernon confirmed proposals to shut its Lurgan site, a political row has arisen between the DUP and anti-Brexit parties Sinn Fein and the Alliance Party.
Touring musicians coming to Scotland are still struggling with "massively damaging" visa issues in the wake of Brexit, Labour's shadow culture secretary has claimed.
'500 jobs may go' as Lurgan haulier warns of 'unsustainable financial position' - and blames Brexit 09/08/2023
The boss of Morgan McLernon, a subsidiary of Culina Group and which has specialised in chilled and frozen food distribution for more than 40 years, has pinned much of the blame on the Brexit fall-out.
"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."
Officials have said it would be a “terrible shame” to see a tourism initiative between Ireland and Wales close due to funding issues over Brexit.
‘I made a huge mistake’: Brexit-voting Briton can’t get visa to live in his £43,000 Italian home 07/08/2023
A 35-year-old graphic designer from Bristol told i he wishes he could ‘turn back time and vote Remain’.
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
Brits have pledged never to go through the port of Dover again after long queues at customs made the journey intolerable.
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.
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.
A long-standing independent shop has closed after more than 35 years.
Iconic London to Paris cycle event will end current format after 20 years due to Brexit-related complications and logistical hurdles.
London-Paris ride organisers to end current format in 2024 following Brexit complications 29/07/2023
The mass participation event, run by Hotchilee, will see its 20th and final edition of its current format in 2024.
Next year’s 20th anniversary edition of London-Paris, the three-day ride that features on many cyclists’ bucket list, will be the last in the current format, with organisers blaming the decision in large part on increased costs and logistical headaches in the wake of Brexit.
At least 10 banks, building societies and credit card firms have now decided to close accounts held by Brits living abroad in Europe as a result of Brexit, MoneySavingExpert.com has found – with Nationwide and Co-op Bank among the latest to announce closures. We've full info below on what banks are doing, plus help on what to do if you're affected.
Independent fashion retailers face mounting pressure from the cost of living crisis and rampant price inflation. Drapers examines their survival strategies. / The independent retail sector is battling rising energy costs, post-Brexit stock order delays and weak consumer confidence.
The delay in getting the damaged trams back into service has been in part, according to a source at TfL, because of Brexit. Essential parts that are being sourced from the EU are taking longer to ship to south London because of post-Brexit customs procedures.
Bricklayers and other construction jobs added to list alongside care workers and engineers.
“If you voted for Brexit, please realise this is 90% because of your decision”: UK cycle distributor FLi ceases trading 20/07/2023
“I’m done with the red tape and the barriers to trade,” FLi Distribution’s director Colin Williams said. / Brexit’s impact on the UK’s cycling industry is once again under the spotlight after FLi Distribution’s director blamed the “red tape and barriers to trade” currently affecting businesses as the Huddersfield-based distributor ceased trading with immediate effect.
FLi Distribution ceases trading 19/07/2023
Sources have confirmed that FLI Distribution has ceased trading with effect from this week. / The difficult trading conditions facing cycling and many industries are thought to have played their part, including the post Covid-lockdown disruption and the impact of Brexit and the complexities it brought to EU/UK trading.
Distributor of KTM road and mountain bikes shuts citing Brexit red tape as a major factor.
British government is planning to introduce the controls at the end of October, with the move expected to cause delays and disruption.
‘A whole generation of British talent can no longer go to Europe and pick up a job’