If you only trade within the UK and Europe, Rules of Origin will not have concerned you. Brexit could make these Rules become a serious concern to you.

Even without the chaos of ‘no deal’, trading only on WTO terms post Brexit would mean substantial disruption to supply chains, with new tariffs, regulatory barriers and customs checks applying on day one of Brexit, explains Richard Barfield. Three sectors with the most jobs at risk are administration and support services, wholesale trade, and legal and accounting services.

Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.

Now that many advanced economies have recovered and are close to – or above – their pre-pandemic level of output, we can compare Britain’s economic performance to its peers. The results are troubling.

So far, in the first two months of Brexit, the following industries have indicated that they have been harmed: Aerospace; Airlines; Architecture; Art and Antiques; Beer; Bees; Cattle and horse breeding; Charities; Cheese; Chemicals; Cars; Classic Cars; Construction; Cosmetics and Perfume; e-Commerce; Fabrics; Fashion; Ferry services; Film and TV production; Financial Services; ...

Jonathan Portes assesses the extent to which predictions about trade and migration before the Brexit vote have materialised, highlighting that trade has been reduced by additional barriers but the extent to which liberalisation would increase migration flows in the short term was underestimated.

Figures from the ONS today tell us what happened to trade in July. It’s been a few months since we checked on what’s been happening to trade with the EU and other nations since the UK left the Single Market in January, so let’s see what we’ve learned over the summer.

Only the reversal of Brexit can start to fix the state three prime ministers have left the country in.

A wave of disruptions is rocking the world trading system. Britain’s divorce from the European Union has turned messy, while the U.S. trade war with China has investors on edge. The cost of such risks is substantial, according to an analysis by Bloomberg Economics of OECD data.

Otto English dissects the disadvantages that a free trade agreement between the two countries would bring to the UK.

Brexit has reduced UK trade openness, foreign direct investment (FDI) inflows, and immigration growth. New border frictions and higher transport costs pose new barriers to trade, and FDI inflows are unlikely to return to levels reached in the 1990s and 2000s.

The spectacular collapse of the pound against the US dollar has shattered the illusion that Britain is entitled in perpetuity to special status among the world elite.

The impact on trade overall appears to have been broadly consistent with predictions so far, that on immigration much less negative (and perhaps even positive) and on investment somewhat worse. Perhaps the best estimate of the negative impact on Brexit on UK GDP to date is 2–3% of GDP.

85% of world is joining trading blocs... as we decide to leave

Food has experienced a bit of a political renaissance as a result of Brexit. Farmers, workers in the food system, retailers and everyone who eats; all have been uneasy over the real risk that Brexit would negatively impact on our food system.

It was Boris Johnson’s choice to prioritise “sovereignty” over the economy – and Britain is already paying the price.

In September 2021, UK goods trade was 11.2 per cent, or £8.5 billion, lower than it would have been if the UK had stayed in the EU’s single market and customs union.

You can’t restrict immigration without damaging trade deals. / For years the Brexiteers have been in denial about the contradictions inherent to their project. Now they are coming out in the open.

However, this article seeks to describe, as far as possible, how Brexit has affected the business and regulatory environment across the full range of areas covered by Steptoe and Johnson practices so far, and to identify issues of potential future concern for companies.

As director of the Institute of Commonwealth Studies, I know what this institution does – and the notion that it can pick up the slack when the UK leaves the EU is nonsense.

Putting politics aside, let us look at a more technical aspect of free trade negotiations – rules of origin (ROO).

Old "Project Fear" scare stories from the 2016 Remain campaign about masses of customs paperwork and increased costs for traders, as well as restrictions on immigration for vital sectors, are becoming reality.