Sectors from fishing to aviation, farming to science report being bogged down in red tape, struggling to recruit staff and racking up losses for the first time.
"As far as trade is concerned, things are panning out in the manner once stupidly dismissed as “Project Fear”. And we will be poorer as a result."
‘I can see Britain being a member of the EU again’: How Brexit is returning to UK politics
26/12/2022
But the EU does not want to reopen debates about the terms of the Brexit deal: “Only in the UK are people still arguing about Brexit,” a source said. “No one in Europe thinks about it any more.”
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.
The economic fallout from leaving the EU is becoming all too apparent.
All trade deals combined worth less than 50p per person a year, analysis of government figures shows.
The UK’s goods trade is lagging far behind the rest of the G7, while services are booming.
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.
One port operator has had to demolish building work for new checks, while other crucial customs sites do not even have planning permission yet.
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.
UK negotiating strategy risks bad Brexit trade deal with India, parliamentary committee warns
22/07/2022
International Agreements Committee warns of dangers of ‘arbitary’ Diwali deadline. / The government's rushed negotiating strategy for getting a Brexit free trade agreement (FTA) with India risks a bad deal, a parliamentary committee has warned.
A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.
The problems have been "amplified" by Brexit, the former Bank of England governor said.
The UK government has been warned of a recession in the absence of a Brexit deal with the EU.
The latest Food and Drink Federation (FDF) trade snapshot in the UK has made for sobering reading, revealing that export trade with our nearest neighbours across market segments was down by 13.1% against figures from three years ago, at £20.2 billion.
Senior economist Michael Saunders thinks country "wouldn’t be talking about an austerity budget" if it had stayed in the EU.
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.
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.
"Around half of the fiscal hole, and the political instability that comes with that, is down to Brexit," John Springford of the Centre for European Reform.
PM and chancellor say they will not publish projections until late November despite them being ready next week.
Brexit has in fact cost every person in the UK £1,200 so far, spending watchdog says – as economy flat-lines.
No-deal looms as deadline little more than a month away.
It was “always inevitable” that Brexit would have an impact on UK trade with the rest of Europe, chancellor Rishi Sunak has admitted.
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’