A new, post-Brexit trade row is looming for key U.K. industries but do ministers want to trigger fresh negotiations with Brussels? / Business groups representing U.K. energy and steel sectors are looking nervously at a potential financial cliff-edge, when additional export costs are introduced through the EU’s carbon border tax.
Consumers here are still concerned about the impact of Brexit on online shopping, a report from the NI Consumer Council has found. / It’s part of research by the watchdog carried over the last three years to monitor the impact of Brexit on NI consumers.
Hinkley Point C, which is the UK’s first nuclear powerstation to be developed in over twenty years, may not be finished until 2031 and could cost up to £35bn, almost double the initial cost estimate. / According to EDF, the French firm in charge of developing the site, issues on the project had been caused by Brexit, the Pandemic and inflation.
Brexit: despatches from the downside – No 19 27/01/2024
This week's Brexit downsides: half a billion in extra costs to import food, the collapse of trade talks with Canada and more.
Brexit: despatches from the downside – No 7 03/11/2023
Your weekly update from the Brexit ‘downside bunker’, chronicling the downsides, and occasional upsides, of Brexit.
Leaving the EU has added a cost burden to the already record prices households pay for their electricity.
The inefficiencies of Brexit cost UK consumers hundreds of millions of pounds, just as food and energy prices surged.
British consumers spent as much as £1.1 billion ($1.4 billion) more on electricity and goods last year after losing access to European Union internal energy markets.
Nuclear proponents lost significant voting power when the UK left the EU, but France is cobbling together a new nuclear alliance and has racked up a number of recent successes.
The UK is urging the European Union not to harm British companies as European leaders debate whether to match measures in the US Inflation Reduction Act with massive green subsidies of their own.
Northern Ireland has no voice in managing its energy supply post-Brexit, new research shows 05/12/2022
The UK's exit from the EU has plunged Ireland's all-island energy market into a democratic deficit with decisions on Northern Ireland's energy supply no longer in the hands of its citizens and government, new research has shown.
Manufacturing firms are appealing to ministers to match a European grant scheme that subsidised the cost of installing renewable energy. / Under the EU system companies were able to claim up to a third of the cost for installing solar panels, biomass boilers or double glazing.
Any additional or persistent uncertainty around Brexit “is not going to help” with soaring energy prices and the high cost of living, the European Commission (EC) vice president has warned at a meeting in London today.
Brexit crippled the UK economy – Liz Truss just made it worse | Economics | New Statesman [5 mins] 22/10/2022
Economist Duncan Weldon and the New Statesman’s polling expert explore how Brexit and austerity have damaged the UK economy and set the stage for Liz Truss’s “mismanagement.”
The need to find alternatives to Russian gas has led to a thawing of relations. / IRISH diplomacy could see the UK rejoin an energy alliance with EU members states by the end of this year.
Levy could raise €140bn, and energy ministers also set targets to cut electricity use.
Bruno Le Maire is the French opposite number to chancellor Kwasi Kwarteng.
UK and EU are yet to agree efficient trading system to replace single market. / Stalled Brexit talks are pushing up UK energy bills by hundreds of millions of pounds a year, the power industry has claimed.
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
In her annual state of the union address, European Union Commission President Ursula von der Leyen has underlined the EU's unshakeable solidarity with Ukraine as she unveiled the bloc's proposals to deal with the impending energy crisis.
Ursula von der Leyen sets out plans to mandate revenue cap on electricity generators and secure a 'crisis contribution' from fossil fuel companies in her State of the European Union address.
'In our social market economy, profits are OK. But in these times it is wrong to receive extraordinary record revenues and profits benefiting from war and on the back of consumers.'
UK electricity prices are the most expensive of any European automotive manufacturing country and 59% above the EU average, according to the SMMT. / UK firms could have saved nearly £50 million annually if they were buying energy in the EU.
Emmanuel Macron suggests new European political community based on core values in areas such as security and energy.
Boris Johnson, Michael Gove and the Vote Leave campaign claimed fuel bills would be lower for everyone following Brexit. Instead, bills have risen exponentially.