Though Johnson promised ‘no non-tariff barriers’, firms say they are struggling under ‘compliance burden’ of customs and safety checks.
The United Kingdom (UK) withdrew from the European Union (EU) on January 31, 2020, and completed the transition period on December 31, 2020, officially leaving the EU and becoming a third country. This event, known as Brexit, has had significant implications for the UK’s economy, including the automotive industry.
‘Covid is not the problem – Brexit is the problem’, says British Beauty Council boss on sales slump.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average.
It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy.
The men behind Trussonomics and Brexit, the two great man-made catastrophes of recent years, are to be honoured for their ‘great work’.
British Chambers of Commerce presents government with urgent recommendations as members report struggling to sell into EU.
In reality, Brexit has hobbled the UK economy, which remains the only member of the G7 — the group of advanced economies that also includes Canada, France, Germany, Italy, Japan and the United States — with an economy smaller than it was before the pandemic.
Extra checks and requirements on goods crossing the border has increased food prices by 6% overall, says the Centre for Economic Performance.
Brexit piled on an average of £210 extra to household food bills in two years, a fresh research paper has found.
A new study has explored how Brexit is contributing to rising food costs in the UK.
Research has revealed that during the two years leading up to the end of 2021, Brexit cost UK consumers a total of £5.8 billion in food bills.
By the end of 2021, Brexit had already cost UK households a total of £5.8 billion in higher food bills – new LSE research
01/12/2022
Leaving the European Union (EU) added an average of £210 to household food bills over the two years to the end of 2021, costing UK consumers a total of £5.8 billion, new research from the Centre for Economic Performance (CEP) at the London School of Economics finds.
Brexit added almost £6bn to UK food bills in the two years to the end of 2021, London School of Economics (LSE) researchers have discovered.
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.”
Red tape continues to frustrate small businesses as the hunt for the sunlit uplands goes on.
Jacob Rees-Mogg raises business hopes by saying there is ‘no point’ to tests – but is slapped down by No 10
The protocol could leave Northern Ireland's economy 2.6% smaller compared with a scenario in which the UK stayed in the EU, new analysis suggests.
French processors want UK value-added seafood products used as bargaining chip to settle Brexit fight
25/11/2021
French fishermen are threatening to block access to all UK seafood products, but processing companies are warning that blanket efforts against all UK raw material would be counter-productive.
The Economic and Social Research Institute estimates that Brexit has led to a 45% reduction in goods imports coming from the UK to Ireland.
The Brexit trade deal hailed as a £148 million boost to the UK fishing fleet over the next five years will instead punish the industry to the tune of more than £300m, a new report says.
It was billed as the rebirth of British business — a chance to build a brighter commercial future, free of costly bureaucracy. But Brexit is proving far from profitable for many UK small and medium-sized enterprises (SMEs).