The UK’s goods trade is lagging far behind the rest of the G7, while services are booming.
Brexit hitting UK economy and damage set to worsen with new trade barriers, Budget watchdog warns
07/03/2024
Brexit is dragging down the economy and its impact is set to get worse due to new trade barriers, the Government’s Budget watchdog is warning.
Britain has “significantly underperformed” compared with the EU and US since the vote to leave in June 2016, Goldman Sachs claims.
he OBR pours cold water on hopes for a big boost from the Pacific trade deal. / Have you ever wondered how the UK, based firmly in the north Atlantic, managed to join the free trade area known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)? After all, as the name suggests, it is for countries around the Pacific.
Flagship post-Brexit trade deal worth even less than ministers claimed, official estimates show
25/11/2023
The Independent revealed earlier this year government’s predicted 0.08% boost risked being an overestimate. / Business Secretary Kemi Badenoch was mocked for a prediction the deal with Asia-Pacific countries would grow the economy by 0.08%.
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.
Did Michael Gove Really Just Say Brexit Delivered On The Promise To Send £350m To The NHS?
03/10/2023
Michael Gove just claimed Brexit has “delivered” on Vote Leave’s boldest promise, suggesting it gives £350m a week to the NHS. But has it?
'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.
'Are We Still Paying The Price?': BBC Presenter Clashes With Minister Over Brexit's Economic Impact
11/08/2023
Treasury secretary John Glen tried to dodge the question when quizzed on the Today programme.
The City has been plunged into something of an existential panic in recent months. Fears of international decline have crystallised in the form of a listings drought and a crack squad of City grandees are scrambling to try and steady the ship.
Shadow International Trade Secretary Nick Thomas-Symonds has written a letter to the government urging ministers raising his concerns over the 'mess' of a trade deal.
Grant Shapps has stressed the importance of post-Brexit controls on work visas after government sources confirmed that ministers are braced for a record increase in immigration figures this month.
Nigel Farage: ‘Brexit has failed’
16/05/2023
Former UKIP leader blames Tory government for not taking advantage of leaving the EU.
The former UKIP leader made the surprise comment as he was presented with the mounting evidence that quitting the European Union has damaged the British economy.
Former UKIP leader Nigel Farage, who once vowed to leave the country if Brexit turned out to be a disaster, has stated: "Brexit has failed."
The UK economy is yet to feel the worst impacts of Britain’s divorce from the European Union, senior business leaders said, in spite of Prime Minister Rishi Sunak’s recent efforts to smooth relations with the bloc.
Britain remains on track for a record fall in living standards over the two years to the end of March 2024, despite an upward revision to growth forecasts, the Office for Budget Responsibility (OBR) said on Wednesday.
The impact of Brexit on people’s earnings could be ‘substantial’, say experts. / Millions of workers in Britain will be about £1,300 worse off a year due to Brexit, leading experts have said.
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 benefits keep piling up! Leading financial experts are now placing the blame for rising food prices on you-know-what...
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: UK economy 4% lower than if it remained in European Union, says Office for Budget Responsibility chairman
26/03/2023
The economy is 4 per cent lower than if the UK had remained in the European Union, the chairman of the Office for Budget Responsibility (OBR) has said.
UK seeing ‘biggest squeeze on living standards’ on record, says head of fiscal watchdog.
Brexit reduces the UK’s overall output by 4% compared to if the country had remained in the EU, an expert has said.