Paul Johnson, director of the Institute for Fiscal Studies (IFS), has told PoliticsHome Brexit and last year’s political turmoil may be among factors that have contributed to the IMF's gloomy economic forecasts for the UK.
Britain is already heading for the worst coronavirus-induced slump of any major economy. Now fears are rising that businesses could be slammed by a second body blow this year — the failure of trade talks with the European Union.
'Immense damage' done by Brexit is something I cannot ignore: Sadiq Khan attacks government 'denial'
12/01/2023
Sadiq Khan is expected to attack the Government’s “denial and avoidance” of the “immense damage” he says Brexit is wreaking upon the country.
The leader of Plaid Cymru Adam Price calls on Labour to make the positive case for the single market and customs union.
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.
Probably not the anniversary present the government was hoping to offer the public.
Ever wondered why your taxes are so high and public services are in such a poor state? Now you know.
“You bring Brexiters on, you never challenge them. You let them talk utter rubbish about Brexit. Year after year after year.”
A Scottish Conservative MSP was left floundering on BBC Newsnight last night as the live audience revealed what they really thought about the state of the country right now after Brexit.
THE UK Government’s trade minister admitted she doesn’t know the impact of the New Zealand deal on GDP compared to the cost of Brexit during questioning from MPs.
A trade collapse with the EU shows that the damage will linger on far longer than Liz Truss did.
A Bank of England policy maker has warned that a wave of business investment was “stopped in its tracks” by Brexit, dealing a blow to the UK economy worth £1,000 ($1,204) per households.
Andrew Bailey said the deal was broadly in line with what the BOE forecast in November.
Boost to UK economy from US trade deal could be 450 times smaller than loss from no-deal Brexit, government analysis finds
03/03/2020
Official document puts likely benefits of free trade agreement with Donald Trump at below 0.2 per cent of GDP – and possibly as little as 0.02 per cent.
A couple of points are worth observing already. Nearly six years on from the Leave vote, the supposed opportunities of Brexit remain entirely conspicuous by their absence. And ramping up the rhetoric by claiming “immense opportunity” does not change this reality.
The report estimated the PM's deal would be worse for the economy than continuing with the current indecision and uncertainty
Prime minister's proposal worse for economy than Theresa May's deal, analysis says.
Some companies will have to move operations to the EU due to trade barriers, Office for Budget Responsibility says.
According to our study, the deal now being discussed would reduce per capita GDP by 6.4%, as opposed to 4.9%
PM vowed to ‘take back control’ – but dithering has handed advantage to countries on other side of the table, Institute for Government says.
It’s not easy to wipe the trademark grin off Richard Branson’s face, but one way is to ask the British billionaire about the challenges facing his home country.
Brexit and pandemic have cost UK businesses £250bn each but EU departure tally now rising faster than Covid disruption
25/01/2022
The political choice of Brexit has cost UK businesses as much as the unforeseeable Covid pandemic.
The pound has settled above its recent lows vs. both the USD and the EUR, but it remains in a clearly weakened positioned. EUR/GBP is still seen at 0.85 by year-end while UK politics concerning the issues of Brexit and sleaze may impact the performance of the pound, economists at Rabobank report.
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.
THE UK will be the only major economy to plunge into recession the year, the International Monetary Fund (IMF) has warned – with the finger pointed at the “economic self-harm of Brexit” on the three year anniversary of Britain leaving the EU.