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.
Government accused of ‘failure and broken promises’, as exports set to slump next year.
The 4% hit to economic output envisaged by the UK’s fiscal watchdog could cost £84.5bn, Labour and Commons library research suggests.
Some companies will have to move operations to the EU due to trade barriers, Office for Budget Responsibility says.
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.
The economic fallout from leaving the EU is becoming all too apparent.
Chancellor’s flagship policy will ‘alter the location rather than the volume of economic activity’, Office for Budget Responsibility concludes
UK seeing ‘biggest squeeze on living standards’ on record, says head of fiscal watchdog.
Findings cast doubt on Boris Johnson commitment to climate action ahead of key summit, Commission claims.
Johnson's much-trumpeted FTAs “barely scratch the surface of the UK’s challenge to make up the GDP lost by leaving the EU”.
New EU food safety regulation – coming into force next March – is ‘concerning’ exporters, MPs told.
The Brexit predictions that came true, those that didn’t—and what we didn’t see coming - BMJ
03/08/2022
Six years after the referendum we can disentangle the evidence and judge the effects on health and care, says Richard Vize.
Impact of quitting EU has become top issue facing the nation, survey finds
According to the Office for Budget Responsibility (OBR), shortages across various industries have been “exacerbated” by new immigration rules for EU citizens and trade barriers with the bloc.
LSE finds one-third decline in trading relationships under Boris Johnson’s deal – which has hit small firms hardest. / Brexit red tape means the UK has “stopped selling” many products to smaller EU countries, according to alarming new evidence of the impact on trade.
Exporters forced to fill in 48 million customs declarations and 140,000 health certificates over eight-month period.
A NEW report has shown that the UK government’s prospective Free Trade Agreements are projected to only add between 0% and 0.16% to the UK’s Gross Domestic Product, up to fifteen years after their implementation.
Tariffs paid on £9.5bn of UK exports to EU despite Boris Johnson’s claim of ‘tariff-free’ deal
15/11/2021
One in eight traders have lost business – while a quarter of small firms consider moving operations out of Britain, Dispatches reports.
The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.
One port operator has had to demolish building work for new checks, while other crucial customs sites do not even have planning permission yet.
The independent Office for Budget Responsibility has calculated that the scarring effect of covid lockdowns on the UK economy is only half of what it has cost the UK to leave the European Union.
A Sheffield supplements firm has spent £500,000 on a new base in the Netherlands to ensure it remains profitable ‘despite the challenges of Brexit’.
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.
Spiralling inflation, crops left in the field and travel chaos: 10 reasons Brexit has been disastrous for Britain
03/02/2022
As small businesses crumble, shelves get emptier and the care-worker shortage intensifies, life outside the EU is having a dire effect on many of us. Why aren’t politicians talking about it?
Brexit has made supply chain "bottlenecks" worse in the UK, according to the independent financial watchdog that provides the government with data.