SCOTLAND has lost out on £1.6 billion in funding for public services as a direct result of Brexit, the First Minister will say.
Businesses that make sporting goods, children’s toys, jewellery and medical goods have struggled the most with the border costs imposed by the UK’s decision to leave the EU.
Camden Market traders who 'may not survive London' as they're forced to live 'month to month'
03/02/2024
Ms Dupont told MyLondon: "Since Brexit, just direct 25 per cent tax increase on the product coming from abroad. Knowing that we are an island, it's difficult to avoid that - it just happens." / "To be honest, my opinion, Camden mostly a touristy place. We definitely did, before Brexit, a few years ago better."
Post-Brexit border charges due to be introduced next January could impact UK consumers higher food prices and supply chain disruption, warns UK food and logistics industry bodies.
How Brexit stuffed the City
14/06/2023
The banks pay huge amounts of tax. If they lose business, then Britain’s economy will suffer.
The men behind Trussonomics and Brexit, the two great man-made catastrophes of recent years, are to be honoured for their ‘great work’.
Over 1,000 staff were redeployed to deal with the fall-out from leaving the EU. Now, the financial consequences are coming to light.
Around 2,300 tax compliance staff – nearly a tenth of that workforce – were redeployed in 2021-22.
Civil servants ‘being moved from one crisis to another’.
The evidence increasingly shows that our decision to leave the European Union has lifted the price of imported goods, flattened business investment and damaged trade.
Wonder what happened to 'let's fund our NHS instead?' / New research has found Brexit has cost the UK government £40 billion a year in lost tax revenue.
Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.
Economist says without Brexit we ‘wouldn’t be talking about an austerity budget this week’
14/11/2022
"The need for tax rises and spending cuts wouldn't be there if Brexit hadn't reduced the economy's potential output so much."
Levy could raise €140bn, and energy ministers also set targets to cut electricity use.
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.
People will travel to Europe to go shopping because Britain no longer offers tax-free purchases to international tourists, the boss of clothing chain Superdry has warned.
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.
Real pay set to be £470 lower per worker each year, say top economists. / “We can’t blame Brexit for all of the 5.2 per cent GDP shortfall … but it’s apparent that Brexit is largely to blame,” said John Springford, author of the CEF study.
Figures on the cost of Brexit reported by ITV last week could have given a misleading impression of the cost of leaving the EU.
A study by the Centre for European Reform reveals the “troubling” cost of Brexit and says the losses are now too big to ignore.
Brexit has cost the UK economy billions of pounds in lost trade and tax revenues, according to research shared with ITV News by the Centre for European Reform. / It estimates the economy is 5% smaller than it would have been if the UK had stayed in the EU.
The UK is lagging behind European counterparts in terms of growth because of Brexit, the Director of Tax Research UK tells Nick Ferrari.
Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities
18/05/2022
Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City A.M. this morning.
THE former CEO of Sainsbury’s has been clear about what initially caused the cost of living crisis – telling Sky News that Brexit is to blame.
‘Brexit ruined my business almost overnight’: UK dealer says his income has plummeted by 60% since Britain left the EU
28/04/2022
Almost all of Steve Shovlar’s clients are based in Europe—but added taxes and red tape are putting them off.