"The jury is in, the fat lady has sung, there is no debate anymore." / The UK is on track to be the worst-performing G7 economy this year – despite an upgrade from the International Monetary Fund.
Economy 5.5 per cent smaller than if Leave referendum hadn’t happened, says think tank.
‘Worse than feared’ – Brexit costs UK £33bn
21/12/2022
Brexit has cost the UK a staggering £33bn in lost trade and investment, according to a new study that found the economic damage is even worse than previously feared.
International delivery firm ParcelHero says August’s £800m fall in EU trade adds to the UK’s economic woes.
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.
"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.
He said many MPs privately agree that the UK should have a closer trading relationship with the EU but are too scared to say so.
Inflation and the cost-of-living crisis – both of which are also linked to Russia’s invasion of Ukraine – have been made worse by the cost of Brexit, according to the Ex-Secretary of the Department for Exiting the EU.
Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.
The modelling estimates Scotland's GDP could be around 6.1% lower compared to if it remained a member of the EU.
‘Should be front-page news!’ – Research shows catastrophic impact of Brexit on UK economy
10/06/2022
Centre for European Reform figures show that by the end of last year, the economy was 5% - or £31 billion - smaller than it would have been if the UK had stayed in the EU.
“These forecasts are a vital indicator of the health of the nation’s finances," Mel Stride said.
“Only a total rejection of Brexit lies can fix broken Westminster politics,” Plaid Cymru Westminster leader, Liz Saville Roberts MP will today say in a keynote speech at the party’s annual conference.
Charlie Cornish says departure from EU has harmed UK aviation sector’s ability to recruit workers.
"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."
‘It’s a horror show’: Business consultant slams Brexit for slowing down exports to the EU [3 mins]
18/11/2022
Since Brexit, this business consultant is having to fill “93 to 102-page documents” to get products to companies in Europe, with the shipping taking up to six months.
‘From rhetoric to recession’: Dutch press say Britain is now facing economic realities of Brexit
20/01/2023
Labour shortages have made inflation more persistent, Joost Derks said, putting Britain's economy in a slippery slope.
Former Tory MEP Struan Stevenson insisted it 'makes sense' to have longer for the transition talks.
‘Brexit is a joke’: New analysis shows projected 0.08% from UK-Asia trade deal could be an overestimate
11/04/2023
Hidden in the small print of a technical document published by the Department for International Trade is an admission that officials could have juiced up the figures.
‘A terrible, self-inflicted own goal’: Kevin Maguire pins Britain’s economic woes to Brexit
12/04/2023
The Mirror man called the UK's split with the EU "a disaster, a nightmare," adding that "long term it'll take 4% off the economy."
The think tank study indicates GDP would be 2.3 per cent higher had the UK voted to remain in the EU.
Zwei Jahre Brexit: Das britische Eigentor
04/01/2023
Obwohl das Pfund an Wert verliert, hinkt der Export. Bürokratische Hürden lähmen den Handel zusätzlich. Auch sonst ist der Brexit eine Katastrophe.
Government hoped to sell new guidance as ‘Brexit benefit’. / The government expects zero economic benefit from the reintroduction of crown symbols on pint glasses, ministers have admitted.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.