Brexit cost set to dwarf NHS budget
21/12/2016
The overall cost of Britain’s break from Europe is expected to be an astronomical £220 billion over four years, dwarfing the NHS budget which was a focal part of the ‘Leave’ campaign.
Office for Budget Responsibility predicts 'negligible' effect - warning 'uncertainty' will only be lifted after 'several years'.
The Office for Budget Responsibility analysed a particular type of a no-deal Brexit scenario – the less disruptive of the two presented by the IMF in April.
The Office for Budget Responsibility (OBR) said borrowing would be almost £60bn if the UK leaves without a deal - up from £29.3bn if it does get a deal.
The UK government has been warned of a recession in the absence of a Brexit deal with the EU.
Brexit has in fact cost every person in the UK £1,200 so far, spending watchdog says – as economy flat-lines.
No-deal Brexit would cause unemployment to peak at over 8 per cent next year, rather than 7.5 per cent, and knock 2 percentage points off growth, says official forecaster.
No-deal looms as deadline little more than a month away.
Bleak impact including higher prices in shops is revealed in OBR report accompanying Rishi Sunak's spending review.
The team at Brompton Bicycle Ltd. thought they were prepared for Brexit.
Brexit to slash 0.5% from GDP in the first quarter, Office for Budget Responsibility says
03/03/2021
Disruption at Dover blamed for hit to UK supply chains.
Some companies will have to move operations to the EU due to trade barriers, Office for Budget Responsibility says.
The cost of Brexit becomes apparent
13/01/2021
Filling the GDP gap it has created will be hard.
Trade experts ridicule David Frost for denying his Brexit deal is responsible for exports crash
12/03/2021
Author of agreement accused of ignoring ‘every reputable trade specialist and 100 years of trade theory’
The 4% hit to economic output envisaged by the UK’s fiscal watchdog could cost £84.5bn, Labour and Commons library research suggests.
It’s almost 100 days since Britain completed its split from the EU -- almost five years after the referendum vote –- and a clearer picture of the consequences of the decision to leave is starting to emerge.
THE economic impact of Brexit and food checks at the Irish Sea border will be examined by a new commission made up of business leaders, MPs and economists.
It’s five years since Britain voted to leave the EU – so what number should really have been on the side of the Vote Leave bus? Ben Chu examines the real impact of Brexit on the UK’s economy.
Figure of £40.8bn buried in EU’s 2020 accounts dismissed by UK as not reflecting amount it will pay.
UK owes EU €47b in Brexit settlement
08/07/2021
The UK is liable to pay €47.5 billion euros ($A75.7 billion) to the European Union as part of its post-Brexit financial settlement, according to the EU’s consolidated budget report for 2020.
'Divorce bill' row erupts as UK dismisses EU's claim it must pay billions more than was estimated
09/07/2021
The Office for Budget Responsibility (OBR) predicted in 2018 that the so-called "divorce bill" for leaving the European Union would cost the UK between £35bn and £39bn - but the EU say the figure is over £40bn.
One port operator has had to demolish building work for new checks, while other crucial customs sites do not even have planning permission yet.
Office for Budget Responsibility contradicts government line. / Mr Johnson [Institute for Fiscal Studies] also said the OBR's estimated reduction in trade, productivity, and living standards from Brexit was "bigger than the expected long-run effect of the pandemic".
Brexit has made supply chain "bottlenecks" worse in the UK, according to the independent financial watchdog that provides the government with data.