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Around 100 days after Brexit, most companies are experiencing Brexit effects that are more negative than they expected at the beginning of the year.
“I’ve always argued that the only way you can get frictionless trade is to actually be in the Single Market.”
Former Bank of England and IMF economist Peter Doyle on SkyNews: "The really big self-harm inflicted by the UK on itself was Brexit," which has made the current crisis much worse. For example: / - Trade frictions when we need to boost exports / - A weaker pound worsening inflation
Philip Hammond - Tariff free trade deals would only contribute a tiny amount to our GDP... so we must quash "this myth that third country trade deals will solve all our problems"
n this episode of #3BlokesInAPub, Jason and Graham are again joined by Robert Stephenson to talk about the impact of Brexit on the economy, politics and people of Ireland.
In this EXPLOSIVE episode of #3Blokes In The Pub, Jason and Graham travel to Geneva, Switzerland, a city filled with the world’s leading experts in international trade, intergovernmental law and global geo-economics on a two day fact-finding mission.
In this EXPLOSIVE episode of #3Blokes In The Pub, Jason and Graham travel to Geneva, Switzerland, a city filled with the world’s leading experts in international trade, intergovernmental law and global geo-economics on a two day fact-finding mission.
"Not one of those things he promised us has been delivered. So I have seen no evidence that that man is capable of negotiating his way out of the tea room in the House of Commons, let alone us into the biggest market in the world." - Peter Kyle
'The second point, which has been widely ignored since Brexit, is that accession to the CPTPP highlights a major scrutiny deficit in the U.K. Parliament. Namely that Parliament is not asked to consent to this new agreement and has no veto.'
The Defence Secretary's comments in a speech reportedly led to the cancellation of a trade trip.
The financial toll of Brexit is clear for exporters like cookware maker Neil Currie: He is buried in new paperwork, has lost orders and the cost of exporting frying pans to France has doubled.
A significant amount of the UK’s meat production may become non-compliant for export to the EU if proposed changes are implemented, the sheep sector has warned.
This is the most chilling explanation of what Brexit will do to the UK economy after December. By @AdamPosen, President of the Peterson Institute for International Economics.
"Desperate" Britain is "delusional" to expect a favourable trade deal with the US, an ex-Obama advisor has warned, as Dominic Raab seeks to "fire up" the UK's trade relationship with North America.
There has been “greater friction” and “difficulties” over trade since Brexit, Health Secretary Steve Barclay has admitted, as he denied a report that the government is considering adopting a Swiss-style relationship with the EU.
'I'm not opposed to tariff cuts, but this article which pretends tariffs are levied on the RETAIL price of a good and that consumers will see a 10% saving at the shops from a 10% tariff cut. / Flatly misleading. Trade illiterate.'
Every time Johnson Government waffles on about NI's integral place in UK Internal Market and guarantee of unfettered trade with Great Britain, this Commission summary of what businesses need to prepare for under Tories' "Great Brexit Deal" acts as a very effective lie detector.
The EU Goods Sub-Committee has published its report, Beyond Brexit: trade in goods, examining what the EU-UK Trade and Cooperation Agreement (TCA) means for trade in goods.
This was James O'Brien's powerful reaction to UK firms saying they are being advised by the Government to set up in the EU to avoid trade disruption.
I see its "this trade deal is going to be really amazing / bad" morning, and I need to summon all my centrist trade energies in the hope a few people might see through the hype both ways and realise that UK joining CPTPP doesn't make that much impact any which way.
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.
Five years ago Wednesday, Britons voted in a referendum that was meant to bring certainty to the U.K.’s unsettled relationship with its European neighbors, but it most certainly did not
It's been five years since the UK voted to leave the EU. The vote appalled those who saw it as economic self-sabotage. But those in favor of leaving were not swayed by economic arguments — and likely still aren't today.
Saturday 20 February was the 50th day since Boris Johnson’s Trade and Cooperation Agreement (TCA) came into effect. Anyone expecting it to settle all questions, or even most of the details, of how we will do business with the EU from now on will be mightily disappointed.
With Britain out of the European Union, companies that trade with the continent are contending with expensive disruptions to their businesses and a plunge in exports.
As we pass 60 days of Brexit entering the final month of the first quarter of 2021, let’s take a deeper look at the impact of Brexit on UK businesses and especially e-commerce businesses. Before authoring this article, I had numerous conversations with independent e-commerce business founders. I have based this article on those discussions to bring forward first-hand experiences.
Only 10 per cent of all UK cross-border trade will be covered by current free-trade agreements after 31 December, City AM understands.
One month after Britain made a New Year split from the European Union’s economic embrace, businesses that once traded freely are getting used to frustrating checks, delays and red tape.
Ever wondered why your taxes are so high and public services are in such a poor state? Now you know.
A significant proportion of small exporters have stopped trading to the EU as shipping times have increased in 2021.
The United Nations Economic Commission for Africa (ECA) is launching a campaign to have all countries of the ECCAS sub-regional bloc operationalize the ECCAS Preferential Tariff (known for short in French as TP/CEEAC) – one of the instruments for easing trade in the zone.
Far from minimal disruption, the full impact of leaving the EU may take 15 years to appear.
I loathe the term ‘World Trade Deal’ more than words can express. It is everything I hate about trade politics. It combines a pithy soundbite politicians with an agenda can deliver with confidence, with a layer of deception reliant on the complexity of trade to pass unchallenged on Sunday talk shows.
@AdamPosen shows how Brexit has curtailed UK trade, FDI inflows, & immigration growth in a series of charts presented at @UKandEU's The Economics of Brexit conference 2022. #PIIECharts
The US economist and former Monetary Policy Committee member on how Britain became so poor and where Labour is going wrong.
The African Continental Free Trade Area (AfCFTA) is one of the key priorities of Africa´s Agenda 2063 and a flagship project for the continent. Signed by 49 African countries and ratified by 14 countries so far, it needs 8 more ratifications to enter into force.
Thanks to Brexit, France has become the third-largest market for goods from Poland, after Germany and the Czech Republic, said the Polish Economic Institute (PIE). Analysts pointed out that Great Britain's exit from the EU single market resulted in a decrease in its share in Polish exports.
Small businesses and the agri-food sector have been hardest hit by changes to trade following the implementation of the Trade and Cooperation Agreement (TCA) nearly a year ago, peers warn.
A crucial part of HM Revenue & Customs (HMRC)’s IT system that will monitor import and export goods after Brexit, will not be ready to operate independently of the system it is been designed to replace, MPs warned this week.
Opposition parties and pro-remain groups have criticised the Brexit secretary, Dominic Raab, after he admitted that until recently he did not fully appreciate the importance of the Dover-Calais crossing for UK trade.
Disorderly exit from EU 'may temporarily prevent cross-border trade' tech giant tells small firm.
"While it is clear that ambitions have changed with respect to the past, AmCham EU calls on negotiators to seek an ambitious and comprehensive future partnership. We support a deal comprising zero tariffs, zero quotas, and zero barriers. Any deal should maintain regulatory alignment where possible ..."
The American Chamber of Commerce to the EU (AmCham-EU) published a cross-sectoral position paper on Tuesday turning the screw on the UK Government’s hard-line negotiating stance. Although it urges both sides to “work to mitigate disruption as much as possible”, the paper deals a devastating blow to Britain’s present strategy.
The threat of a hard British exit from the European Union looms large over a country that has a big stake in the process but no official say: Turkey.
ITV News Business and Economics Editor Joel Hills reports on how the economic impacts of Brexit continue to ripple through the UK's economy.
The drop in activity recorded in new CSO figures, including a 65 per cent hit to imports, is substantial and sobering
WHAT was a simple one-step process of exporting meat to France in December is now a resource-draining 23-step marathon.
The border has dominated Irish thoughts on Brexit. Amid the political tensions, several English voices have called for Ireland's dependence on UK trade to be used as leverage in negotiations. Are they right?
Already we are seeing clear signs. Businesses are once again increasingly quoting Brexit as their major challenge. Exports to the EU are down.
It wasn't meant to be this way. From border delays to regulation and tariffs we were told would not exist Brexit is wreaking havoc on many businesses.
A fall of 65 per cent in British imports to Ireland in January gives lie to the mere ‘teething problems’ claimed by Brexiteers, with the collapse now in full swing.
While European businesses are increasingly more confident about investing in ASEAN, the ASEAN Economic Community (AEC) is creating uncertainty for some business prospects according to a recent survey by the EU-ASEAN Business Council.
Country’s claim that meat exports are suffering wins support from 14 countries.
Australia and the European Union (EU) launched negotiations for a free trade agreement (FTA) on 18 June 2018. As a bloc, the EU is Australia's second largest trading partner, third largest export destination, and second largest services export market. The EU was Australia's largest source of foreign investment in 2018.
Former trade negotiator Dmitry Grozoubinski celebrates the "virtually unprecedented result" for Australia in the trade deal with the UK, telling James O'Brien "we've not heard" any benefits for Brits.
The music merchandise specialist says the move will help alleviate the significant trade issues created by Brexit.
Kemi Badenoch has been criticised by business groups for trying to “shift the blame” after she told British businesses that international trade “isn’t too tough”.
EU CHIEF Brexit negotiator Michel Barnier is to meet Sinn Féin and DUP representatives today as the countdown begins to the UK leaving the European Union on Friday.
The government's own impact assessment of the Brexit deal confirms firms will have to pay fees, fill out forms and face border inspections when sending goods within the UK.
A BBC Question Time audience member shut down a Tory minister who tried to dismiss the sustained impact of Brexit as “something that happened six years ago”. / "Brexit is a disaster for our economy."
"Good to see the BBC wading into the fray at last, now that the damage it's causing is too great to conceal", one person said.
Results from the first major business survey for 2021 by the British Chambers of Commerce on Brexit found that half (49%) of exporters are facing difficulties in adapting to the changes in the trade of goods following the ratification of the UK-EU Trade and Cooperation Agreement (TCA) on 1 January 2021.
The BBC has spoken to three companies that trade heavily with the UK, to find out what changes consumers can expect after Brexit.
Like many other companies, however, XY Automation found itself having to deal with a roadblock of its own: Brexit.
Research for Flemish firms has found that 74% of UK companies said they had been forced to consider other markets, due to post-Brexit administration struggles.
We knew leaving the EU would weaken us. Now we can see it will limit the ability of the government to rein in big tech.
Bank of England Chief Economist Huw Pill suggested that the UK is yet to see any positive economic benefits from exiting the European Union.
New Government figures show a massive post-Brexit slump in UK exports to Germany, France, Italy and Spain – and reveal the UK failed to transition to key export markets such as the USA and China. The new International Trade Secretary, Kemi Badenoch, faces an uphill battle, warns ParcelHero.
Promises of a special trading relationship with America have also yet to materialise, the ONS figures show. / New Government figures show a massive post-Brexit slump in UK exports to Germany, France, Italy and Spain – and reveal the UK failed to transition to key export markets such as the USA and China.
Many firms took the direct route to continental Europe, while bigger companies looked to Asia, to diversify.
It is no good offering people a ‘story to believe in’ if it ends in harm – but the Prime Minister does not know any other way, observes Jonathan Lis.
Ian Paisley accuses prime minister of insulting people’s intelligence after he describes post-Brexit disruption as “teething problems”.
The new Duke of Edinburgh ‘national flagship’ would be tasked with boosting British trade overseas.
Trade secretary says scrapping protections ‘vital for giving us the freedom and flexibility’ to sign deals.
After a question about Brexit, trade and the Irish border, Boris Johnson says there wouldn't be tariffs with the EU because the UK could rely on GATT 24 allowing tariff free trade. That's wrong - both sides need to agree a trade deal first.
Labour said the PM had 'squandered' Unionists' trust as Northern Ireland Secretary admitted 'concerns' about the Brexit deal were among factors in the unrest.
Boris Johnson has been warned his prospective free trade deal with Australia could “decimate” the British farming industry, as opposition parties unite against a zero-tariff agreement.
Business groups have variously described a 22-minute call with the prime minister and the Cabinet Office Minister Michael Gove as "terrible", "disappointing" and "more of a lecture".
Survey shows 88% of 100 leading academics believe a Canada-style trade deal with the EU will have a "negative" impact on Britain's economy.
Now, the country risks becoming an also-ran, losing its easy access to the huge EU common market, unable to strike a groundbreaking deal with the United States and on the brink of a trade fight with China.
Shadow International Trade Secretary Nick Thomas-Symonds has written a letter to the government urging ministers raising his concerns over the 'mess' of a trade deal.
In historical terms, however, those transgressions will end up being little more than footnotes. Viewed from afar, Johnson’s greatest failing is liable to be what he hoped would be his glorious legacy: Brexit.
PM vowed to ‘take back control’ – but dithering has handed advantage to countries on other side of the table, Institute for Government says.
Not before time, Boris Johnson has resigned as leader of the UK’s Conservative Party. The Guardian reports that Johnson’s leadership “toppled under a wave of sleaze allegations and failure to tell the truth.” But his real scandal lies elsewhere — with Brexit.
Join experts from the BRC for a look at how things are progressing in Ireland/Northern Ireland with implementing the protocol, and how things are faring in the UK and Brussels following Brexit and the application of the new Trade agreement with the EU. We also cover our take on the new head of the WTO and more.
North MP Jamie Stone has accused the UK government of living in a "fantasy land" over Brexit and its impact on trade with Europe.
Extra checks and requirements on goods crossing the border has increased food prices by 6% overall, says the Centre for Economic Performance.
Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said.
In what follows, a group of leading social scientists explore these themes, explaining what has happened in the past, the situation the UK finds itself in now, and the issues that might confront us going forward. The collection is intended as a guide to the big questions confronting the country in the years to come.
The UK left the EU at the end of 2020, and according to the latest figures from the Office for National Statistics, Brexit has already led to a significant slump in trade between the EU and the UK... / Brexit supporters endorsed the idea of CANZUK – an alliance between the UK, Canada, Australia and New Zealand.
The United Kingdom left the European Union on 31 January 2020. Find out what it may mean for New Zealand's primary industries.
A new survey by the British Chamber of Commerce's Insights Unit of 733 businesses (97% SMEs) shows the difficulties facing British firms in using the Trade and Co-operation Agreement (TCA) have not eased.
Shipping wine to the UK is now a "bloody nightmare" and it's only likely to get worse.
Whether for inward investment, exports or tourism, Germany is a top five country for Ireland with potential for much more.
The number of UK businesses exporting to the EU fell by a third in 2021, new figures revealed.
Subrahmaniam Krishnan-Harihara, Head of Research at Greater Manchester Chamber of Commerce, said: "Despite the untouchability of Brexit politically it has undoubtedly had an impact on the strength of our currency, and added a layer of complexity to international trade."
Politicians and industry call for Government to level up EU import rules.
New customs rules also a factor in 41% drop in value of goods moving from UK to the EU.
New Brexit checks introduced in January are continuing to restrict trade between the UK and EU, according to new figures from the Office of National Statistics.
The Government has delayed plans for a fourth time to impose further checks on EU goods entering the UK as Jacob Rees-Mogg admitted the move would cost £1bn.
Brexit border controls on certain foods imported to Britain from the European Union may push up inflation there by 0.2 percentage points, according to a report published by Allianz Trade.
Exports of seafood and meat products to the EU have been disrupted since the end of the transition period on January 1st, with businesses of all sizes reporting losing money and trade due to bureaucratic border processes. ... House of Commons EFRA Committee today launch an inquiry into how the Government can support meat and fish exporters.
Friction at the U.K. border is rising again following Brexit as shipping companies rejected more cargoes due to cross the English Channel from France.
Trade with Great Britain has been severely disrupted since the Brexit agreement came into force. Fish traders and clothing sellers are struggling to cope with new customs and health regulations. Companies often bear the burden of the extra costs.
A district councillor has claimed 'people didn't know what they were voting for' when they decided to leave the European Union, and blasted quitting the bloc as a 'complete and utter disaster'.
This is my last Brexit Briefing. / Because it is the last it is longer than usual. A long goodbye if you will. Over the past 5 years I have written 130 of them, following the twists and turns of the Brexit saga, as various UK actors came and went upon the stage, generally full of sound and fury, but often signifying little.
Changes coming to Amazon’s European fulfilment services when the Brexit transition period ends on 31 December will have a significant impact on many UK and EU sellers.
Britain's trade performance is lagging increasingly behind that of other similar economies, according to data that suggest Brexit has had a detrimental effect on exports, on top of the COVID-19 pandemic.
BRITAIN will face at least half a century negotiations with the European Union to try and iron out issues with the Brexit deal, a political expert warned.
The new post-Brexit trading environment is making life difficult for UK firms trying to export to SMEs in the EU – with little government guidance on how to cut through the bureaucratese.
New research from economics experts at Aston University has found Brexit has caused a largely negative effect on UK services trade since the EU referendum.
rish government figures come days after M&S says it is scrapping 800 lines due to ‘excessive paperwork’
THE UK's decision to break away from the EU cost service exports more than £110 billion over a four-year period, new research has shown.
The "only detectable impact" of Brexit on British businesses so far is "increased costs, paperwork and border delays", says the chair of a prominent parliamentary committee.
Research by the Centre for Business Prosperity at Aston University has shown that UK exports to the EU fell by an average of 22.9% in the first 15 months after the introduction of the EU-UK Trade and Cooperation Agreement, highlighting the continuing challenges that UK firms are facing.
Republic-Europe shipping booms as traders avoid new border controls with Britain, report shows.
While the picture’s hardly pretty and certainly not what advocates of Brexit envisioned, none of it surprises economists. As a former Bank of England official observed: “You run a trade war against yourself, bad things happen.”
The UK’s exit from the European Union is damaging business and the difficult trading landscape post-Brexit cannot continue, argues Dan Gyves, managing director at Esska Shoes.
Brexit has severely disrupted trade between the European Union (EU) and the United Kingdom (UK), with total UK imports from the EU falling by almost a quarter (24.8%) and exports to the EU falling by 13.1%, according to a report for the European Parliament’s Agriculture Committee.
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.
Imports from the EU fell by £500m in August, highlighting the “teething troubles” of the “post-Brexit universe”. / UK imports from the EU fell by £500m in August to reach £26bn, representing a 2% decline in value according to the Office for National Statistics (ONS). Exports to the EU also dropped in August, by £300m.
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.
Supply-chain pain caused by the UK’s split from the European Union still lingers for British manufacturers and retailers trying trade with the rest of Europe and beyond.
International delivery company ParcelHero is cautioning that businesses could face further disruption as the European Union (EU) prepares to sue the UK over its unilateral decision last week to extend the grace period covering new checks on parcels and food shipments to Northern Ireland.
The 4% hit to economic output envisaged by the UK’s fiscal watchdog could cost £84.5bn, Labour and Commons library research suggests.
UK meat exporters could permanently lose half their trade due to Brexit, according to the British Meat Processors Association (BMPA).
Brexit created "frictions" in trade that impacted the UK economy, Work and Pensions Secretary Mel Stride has said.
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.”
Figures from the Irish statistics service reveal the scale of challenges as traders grappled with new customs requirements, covid-19 restrictions and pre-Brexit stockpiling.
TRADE between Finland and the United Kingdom decreased significantly as a consequence of the end of the one-year transition period for Brexit in December, indicate preliminary statistics released by Finnish Customs.
Brexit made some businesses “suddenly uncompetitive” as costs and red tape increased, says the CEO of the British Independent Retail Association
Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according to Ireland’s Economic and Social Research Institute.
Border checks said to have increased business costs and ‘suppressed’ trade, and the situation could worsen.
Some British firms have scaled back their operations on the continent after struggling with customs requirements.
The food and beverage sector has been particularly affected by the changes, according to the ESRI.
40% of UK manufacturers have looked to domesticate supply lines, while many EU firms are complacent about trading with British companies, Make UK says.
New trade figures out today show another small increase in Britain’s trade with the EU in March after a big drop after the UK left the single market in January. But trade still remains well below pre-pandemic levels, even as trade with other nations has recovered much more strongly after the initial shock of the pandemic to be only 4% lower in March 2021 than two years previously.
The UK's new trading relationship with the European Union (EU) might be less than two weeks old but some businesses - and their European customers - are already struggling to adjust to the new trading landscape.
Even the keenest Brexiteer must feel that the process has been tortuously long. / That has been, in large part, because successive British governments have refused to accept the trade-off between untrammelled sovereignty and friction-free access to the EU’s single market, a refusal that shapes today’s increasingly testy relationship.
Brendan Donnelly and John Stevens review the British decision to join the Trans-Pacific Partnership or CPTPP. They believe that this decision will bring at best minimal benefits to the UK and some disadvantages. Its importance is being overstated by the British government simply as a distraction from the unfolding difficulties of Brexit.
It would be wrong to focus too much on 2021 when looking at the effects of Brexit on UK trade. We have just published a new paper looking at how it affected UK trade between 2015 and 2018. It shows for the first time that fears about Brexit weakened the UK’s trading position long before the vote to leave the EU even took place.
Brexit has “brought problems” for the Falkland Islands’ fishing industry, a Labour former defence minister has warned.
UK clothing and lifestyle brand Joules is terminating some of its wholesale agreements with stockists in the European Union. Drapers explores who else is following suit, and what the implications are.
Dublin Port reports reduced cargo volumes from Holyhead, Liverpool and Heysham.
‘We lost about 10% of our revenue, which was clients leaving the UK for Europe’
The UK Public Accounts Committee has said that Brexit and the issues surrounding their new borders have added costs to business in Britain.
Speaking on LBC's Tonight with Andrew Marr, the former Chancellor implied that he still felt Brexit was the wrong decision after having stood firmly against it during 2016's referendum.
But so far, it’s not looking good: a hit to trade of this size entails big structural changes to the British economy, with capital and workers being shifted between sectors of the economy, businesses going bust, and higher prices for imports eroding living standards.
Brexit has delivered a £11.5 billion blow to the UK’s trade in goods since the 2016 referendum, a leading think tank said today.
"It’s very difficult to date for manufacturers to see any benefit from leaving," an organisation representing thousands of businesses has said.
Separating out shared supply chains and integrated business models requires the most delicate surgery.
The United Kingdom’s departure from the European Union and the European Single Market has come at a price. The Polish Economic Institute (PIE) calculated that Poland’s trade in goods with the UK in the first quarter of 2021 was EUR 840 million less than the same period in 2020.
Brexit has delivered a blow of nearly £16 billion to the UK’s trade in goods since the 2016 referendum, leading experts said today.
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.
Brexit has not had the expected effect of narrowly reducing exports to the EU, but has instead more broadly reduced how open and competitive Britain’s economy is, which will reduce productivity and wages in the decade ahead, according to new joint Resolution Foundation and LSE research.
LSE finds one-third decline in trading relationships under Boris Johnson’s deal – which has hit small firms hardest. / Brexit red tape means the UK has “stopped selling” many products to smaller EU countries, according to alarming new evidence of the impact on trade.
Business leaders said improved trade between north and south would "inevitably put pressure on the Union".
Report finds almost two thirds of businesses have suffered from new EU import and export rules, while one in five companies have found it tougher to trade with Northern Ireland.
Economists at Natixis are trying to examine the effects on the UK economy of the June 2016 referendum that triggered Brexit. They look at the different important variables and seek to determine what the overall effect of Brexit has been on the United Kingdom.
Brexit has left the UK economy 5.5% smaller than it would have been and added to the squeeze on public services that’s behind strikes crippling the railways and National Health Service, a prominent research group concluded. 
Brexit has been "catastrophic" for British businesses and the country has "suffered" as a result, the chairman of Asda has said.
Britain's exit from the EU has so far made trade more expensive because of delays and red tape, and there could be border disruption ... the UK Public Accounts Committee said today. / Britain became the last G7 developed nation to see its goods exports surpass their 2018 average level since the onset of the Covid-19, underlining its poor trade performance.
There has been a significant decline in online shopping from British-based websites post-Brexit, with just under half of those who have bought from the UK experiencing some kind of issues with their deliveries.
ESRI/Department of Finance study estimates impact on trade in isolation of other drivers.
The Office for Budget Responsibility suggested leaving the EU would reduce the UK's long-term GDP by around 4% - compared to 2% for the pandemic and lockdowns.
Derek Twigg, of the Falkland Islands APPG, said there had ‘been a lot of concern’ over the impact of Brexit on Falkland Islands fishing exports.
Six years on, it seems Europe still hasn’t got the memo. For that matter, neither has Britain. The United Kingdom, rather than leaping boldly into a brave new future, is imploding. Europe, meanwhile, seems to have found a new sense of purpose.
BRITAIN’S departure from the European Union is having a “serious detrimental impact on export” and is “not delivering the positives that were promised”, the boss of Dorset Chamber has said.
UK companies have seen their new orders decline at the fastest pace for nearly two years this month, with manufacturing recording the steepest fall in export sales since May 2020 as firms experienced Brexit-related constraints, a survey shows.
The trade impact of Brexit is laid bare in the latest Central Statistics Office (CSO) data, which shows a huge surge in imports to Ireland of goods from Europe and a sharp fall in goods bought from Britain, as Irish companies opened up new supply chains to avoid tariffs and delivery delays on goods from the UK.
Port of Dublin says in its Q3 report that core freight and container volumes from Britain declined by 21.2% to 537,680 units between January and September this year (Holyhead, Liverpool and Heysham).
Securing any EU trade deal and regional development in the UK are steep challenges.
It is increasingly clear that Brexit has cost not saved money, encumbered not liberated trade, inhibited not enhanced our sovereignty, and threatens to break up the UK. In fact, argues Nick Westcott, it is nothing more than a political Ponzi scheme – and it is still going on.
Wilbur Ross, President-elect Donald Trump’s pick for Commerce secretary, has urged other countries to exploit the “God-given opportunity” to steal business from the U.K., according to a report in The Times.
As Prime Minister Boris Johnson prepares to depart Downing Street, tossed from office by his own party, his legacy — the opening lines of his eventual obituary — will call him the man who “got Brexit done.” / So how is that going? What can be said about the post-Brexit Britain that Johnson is leaving behind?
“Brexit Opportunities Minister”. How about that for a contradiction in terms? Yet, this is a genuine post created for the oft-called “Member of Parliament for the 18th Century”, Jacob Rees-Mogg.
The International Monetary Fund ruffled feathers across the Irish Sea with its new forecast for the UK economy this week, now expecting GDP growth to slow to a paltry 1.2pc in 2023, by far the slowest amongst the G7 economies.
At this point, asymmetry of UK-EU trade dynamics verges dangerously on the edge of being normalised. Food import checks have been postponed four times over the past two years, symbolic not only of the unlevel playing field that continues to penalise British poultry meat exporters but adding to inflating production costs as a reminder that Brexit is Unfinished Business.
We could have been forgiven for thinking Brexit was done when the UK left the EU at the very end of 2020. However, for retailers the real challenge of Brexit is likely to be felt in early 2022 when border controls are finally introduced for the UK.
The UK economy rediscovered a reverse gear in January as renewed coronavirus lockdowns knocked output while trade suffered a Brexit hit, according to official figures.
The UK Trade Policy Observatory said even a new customs deal would inevitably lead to considerable disruption relative to the current frictionless cross-border goods trade with the EU
Nowadays, Britain’s words and actions on the world stage are so at odds with its values that one must wonder what has happened to the country. Since the June 2016 Brexit referendum, British foreign policy seems to have all but collapsed — and even to have disowned its past and its governing ideas.
“The evidence we present here shows the real loss of Brexit, the overall competitiveness of the UK as a global trader," researchers say.
Center for European Reform says departing the EU single market reduced investment by 11 per cent and goods trade by seven per cent in the second quarter of 2022.
The British overseas territory Anguilla is against Brexit. Residents, who could not vote in the referendum, fear they will be hit hard by trade barriers to neighboring EU territories. Now, the Caribbean island is considering leaving the United Kingdom.
The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to data from HMRC.
Many U.K. small firms are facing an “existential” threat as they grapple with obstacles Brexit has imposed on trade with the European Union, one of the country’s largest business groups said.
British traders are falling foul of a new information technology system policing goods crossing the English Channel, as companies grapple with a fresh wave of post-Brexit red tape.
Retailer JD Sports is to open a 65,000 sq ft warehouse near Dublin to tackle post-Brexit trading problems.
Cross-border trade has received a massive boost since the implementation of the Northern Ireland Protocol, according to figures published by the UK Government.
And the call comes as a Gloucestershire bike specialist tells Punchline its export business has been deflated by a lack of post-Brexit trading agreement.
Two and a half weeks after the “easiest deal in history” was finally agreed, and the impact on the UK’s ability to trade is becoming clearer. It doesn’t look much like the promised sunlit uplands.
A new report exposes in detail the impact that Brexit is having on businesses - with the effects getting worse over time, not better.
Archie Norman, the chair of Marks and Spencer, revealed the mountain of bureaucracy that is making international trade impossible for small producers, leading many to give up entirely.
Stock regularly held up in Dublin Port for three to five days at a time, with some consignments delayed for up to 10 days.
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.
“This shows how the post-Brexit increase in custom costs to UK consumers is really biting," a senior manager at an accountancy firm has said.
Brexit was hailed as an escape from the ‘red tape’ of the EU, however ecommerce businesses are learning that selling into the EU comes with more Brexit red tape than they ever had to deal with before.
Research released today (19 October 2022) by the ESRI shows reductions in UK to EU goods trade by 16% and trade from the EU to UK by 20% relative to the scenario in which Brexit had not occurred.
Jersey's "reputation is being tarnished" due to Brexit-related trade delays, the owner of an oyster company has said.
Tony's in Helsinki at the EPP's Spitzenkandidat coronation / No deal and what it means for Irish businesses (spoiler - lot's of paperwork) / BDO's Carol Lynch gives ground level view on what will happen at Irish ports and to Irish businesses if no deal is agreed, or later if a free trade agreement is reached.
The EU's long-held insistence on level playing field provisions continues. How does the UK see its commitments to the Irish Protocol and the Political Declaration and what impact will deviation have on its credibility in other trade talks?
Brexit’s impact on trade is laid bare in new Central Statistics Office (CSO) data, which shows a surge in imports to Ireland of goods from Europe and a sharp fall in goods bought from Britain.
Comes as poll shows a fifth of companies stopped trading with EU during the month
CSO data shows biggest fall is in chemicals, food and live animals.
Trade barriers erected in Boris Johnson’s deal have cost exporters more than £1.1 billion since the start of the year, the Food and Drink Federation said.
The UK’s export market suffered a total fall of £750 million - a 75.5 per cent decline from the previous January, the FDF said.
Sales to the EU dropped more significantly in 2021 than exports to any other country in the world, the ONS data shows, as UK to EU exports nosedived 12 per cent between January and December of last year, compared to the previous year.
New figures show Northern Ireland’s share of UK exports to Ireland surging thanks to the protocol trade deal.
From confused carriers to mind-boggling bureaucracy, Lucy Reece Raybould, CEO of British Footwear Association (BFA), tells Drapers how Brexit is still impacting trade for UK businesses.
Tánaiste Leo Varadkar has said that the Cabinet’s Brexit subcommittee met on Monday to “essentially dust down and restart contingency preparations” in case a trade war develops with the UK.
Many EU member states are calling for a very hard line with the UK in talks on future relationship.
BREXIT is set to cost the UK between £2 and £4 billion in lost food exports across its first full year out of the European Union.
The potential threats of Brexit to Scottish farmers continue to 'vastly outweigh' the potential opportunities, NFU Scotland has warned one year on from UK withdrawal.
Brexit will hit trade in services between the Republic and UK irrespective of the outcome of current talks, according to all-island professional body Chartered Accountants Ireland.
Brexit is likely to have a negative impact on the business between Germany and the UK, the German DIHK Chambers of Industry and Commerce said on Tuesday, adding that a trade and cooperation agreement with Britain can only partially offset the downturn.
Customs duties rose to record £2.2bn in first six months since trade deal came into effect on 1 January.
An additional £600m in costs hit British importers since Brexit came into force, taxes which were not required when Britain was in EU's single market.
The economic damage done by Brexit is happening sooner than feared, the Bank of England warned. / The central bank said the UK economy is being hindered by a sharper slump in trade with the European Union than implied by official statistics and “very subdued” business investment.
Scottish firms have been “thrown to the wolves” over the post-Brexit trade chaos at cross-channel ports and the situation may worsen, MSPs have been warned.
The price of the Tories’ new border regime beggars belief. In a cost of living crisis, it’s a bill we can’t afford.
The post-Brexit trade deal between the UK and EU is a "thin deal' for Wales, says the first minister.
77% of firms, for which the Brexit deal is applicable, say it is not helping them increase sales or grow their business. / More than half (56%) of firms face difficulties adapting to the new rules for trading goods. / Almost half (45%) face difficulties adapting to the new rules for trading services, and a similar number (44%) report difficulties obtaining visas for staff.
From 1 January firms face a barrage of new red tape while others are still waiting on vital decisions about how they will trade with the EU in the post-Brexit era.
The UK’s much-vaunted post-Brexit trade deals will only increase the country’s GDP by a minuscule amount over the next 15 years, a report by the National Audit Office (NAO) reveals today.
Scotland’s Constitution Secretary has said trade problems in the wake of the Brexit deal are “far more than teething troubles”, as he urged the UK Government to take a more co-operative approach with the EU.
Legal experts say Brussels has right to take retaliatory action, making cross-border law enforcement harder. / We have noted the reaction of the United Nations, and they are really concerned about what’s going on,” Anton Hofreiter, the chair of the committee, told reporters in London.
British companies found it increasingly difficult over the course of this year to trade with the European Union under the terms of the Brexit trade deal struck with the bloc, a survey showed on Thursday.
A recent survey carried out by the British Chambers of Commerce (BCC) shows a rise in the proportion of firms reporting difficulties with the various changes brought about to UK-European Union (EU) trade compared to when the same questions were last asked in January.
Business leaders say the second anniversary of Brexit today has been marked by continuing difficulties for exporters trying to trade with the EU.
UK and European negotiators are meeting later today for yet another round of Brexit trade talks.
Britain’s bigget seaport says Brexit bureaucracy could bite when mass travel makes a comeback.
European Central Bank research also indicates that a significant number of UK firms have ceased trading with the EU due to increased bureaucracy.
The House of Lords European Affairs Committee heard that whilst technology infrastructure and digital tools could help, more clarity and support is needed.
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.
In our series looking at life after Brexit, the European parliament’s former negotiator Guy Verhofstadt argues that Britain exchanged a Jaguar for a Ford Fiesta in the 2016 referendum.
Brexit has had an unfavorable impact on trade between the EU and the United Kingdom. According to figures from the ifo Institute, the UK’s share of EU27 goods exports fell from 6.2 percent in 2019* to 5.2 percent in 2021*, while its share of EU27 goods imports fell from 3.9 percent to 2.6 percent over the same period*.
French exports to Britain picked up 4% in February but were still at only 84% of the monthly average of the second half of 2020, as post-Brexit trade rules continued to impact commercial flows, customs data showed on Thursday.
LSE report says even sectors unscathed from coronavirus crisis will be severely impacted.
Immediately after the referendum, sterling depreciated. This brought forward the impact on household incomes of what would otherwise be a slow burn change for the UK economy.
The British Meat Processors Association has published a Brexit Impact Report which draws on the experiences of meat exporters to date and says problems with new rules at the border are not going away and predicts a permanent reduction in trade.
British companies have filled in 48 million customs declarations and 140,000 export health certificates since Britain left the EU.
In this Federal Trust video our Director Brendan Donnelly and Council Member David Gow discuss the economic effects of Brexit. They conclude that these effects, which are already damaging the British economy, are likely to worsen with time. Popular pressure will soon begin to mount for the UK to rejoin the structures of the European Union.
The UK fell out of Germany's top five trading partners in December, data from the country's national statistical office Destatis shows.
Brexit “slammed the brake on UK investment”, SNP economy spokesperson Stewart Hosie has said. / Responding to Chancellor Jeremy Hunt's Spring Budget, Mr Hosie argued the UK economy was “one of the weakest” in the G7.
Trade with European ports, meanwhile, has increased by 36% in the first nine months of the year.
New Impact Report from the British Meat Processors Association (BMPA) reveals the real cost of Brexit to the UK meat industry.
NEARLY two-thirds of Scottish businesses which trade with the European Union have experienced “negative” or “very negative” impacts on this activity since the end of the Brexit transition period on December 31, a key survey reveals.
Those expecting the deal meant trade could carry on in the same friction-free, tariff-free manner as before were in for something of a shock on 1 January 2021 when shipments were stuck at borders due to incorrect paperwork.
The UK’s official departure from the EU took place on January 1, 2021. The Brexit roll-out, not unexpectedly, has been awash with problems.
Because of rules of origin, even if the UK enters into a trade agreement with the EU, UK manufacturers embedded in pan-European supply chains are going to face new bureaucracy and costs, with long-run implications for their continued viability.
Sky's Paul Kelso writes that the prospect of removing checks in Northern Ireland highlights how trading with the EU has just got harder for the rest of the UK. / By luck or design the breakthrough in Northern Ireland, facilitated by the easing of customs controls, came on the same day that trade between the EU and the rest of the UK became a whole lot more complex and costly.
Your weekly update from the Brexit ‘downside bunker’, chronicling the downsides, and occasional upsides, of Brexit.
Your weekly update from the Brexit ‘downside bunker’, chronicling the downsides, and occasional upsides, of Brexit.
The value of goods sales from Great Britain to Northern Ireland dropped by 2.4% in 2022, official data suggests. / Meanwhile the value of goods imported from the Republic of Ireland, the wider EU and the rest of the world all increased.
First-half sales fall £2bn, says industry body, as barriers are compounded by staff shortages.
Proposed procedures for importing and exporting of goods are “convoluted, expensive and will seriously hamper trade with other countries”, says BMPA.
There's been a lot of talk about free trade in the Brexit debate, but what exactly is a free trade agreement and how does it differ from what the UK has had with the EU?
The British economy is beginning to understand what it is to be tipped over the cliff edge. Cries of alarm and distress flares are going up across the length and breadth of the country, and from industries as diverse as fishing and finance and from pigs to paint.
“This has placed British businesses at a competitive disadvantage and reduced the incentive on the European Commission to negotiate measures that would lessen the burdens facing British producers."
Mr Raymond was responding to claims published by economist Patrick Minford, who predicted a benefit to the country of £135bn from a “hard Brexit” that eliminated tariffs, and a report from the Institute of Economic Affairs recommending a policy of unilateral free trade once the UK leaves the EU.
Northern Ireland has been hardest hit, with exports to the EU falling by a third between 2018 and 2021, analysis of official figures shows.
In the months since the Brexit transition period ended, trade flows at British borders have plummeted and border checks have been deemed so unworkable that their implementation has been pushed back by a year. Dire figures and delays point to the fact there is far more to free trade than tariffs...
Panorama follows companies on the Brexit frontline as they navigate their way through Britain’s new trading relationship with Europe.
Six years after the referendum on June 23, 2016, if we put aside the profound political consequences – a divided England, Scotland and Northern Ireland pulling away, a more isolated country – what is the economic toll?
Trade disruption could deliver a sizeable hit to UK manufacturing output this quarter, while lingering uncertainty and potential instability surrounding the future of the UK-EU trade deal will keep a lid on investment during the post-Covid recovery.
Twelve months since the trade deal with which Britain left the European Union, what impact has it had on the economy? Covid makes it impossible to be sure, but it's much harder to spot Brexit benefits than costs.
So how is it going? In economic terms, the past year has helped differentiate the impact of Covid from the impact of Brexit. / Doing so has exposed a hefty price being paid by many firms, as well as public service employment, for dislocation of Britain from its nearest neighbour's trading bloc.
Yes, that headline is correct. The UK’s trade performance this year fell to its worst level since records began in 1955. And the cause, according to analysts and a headline article in the FT today – Brexit.
Firms have been hit by increasing red tape and delays at ports since Brexit at the year end, while the Northern Ireland Protocol has caused significant disruption at the Britain and Northern Ireland border.
Tor Mackenzie, Founder of MAD Yorkshire takes stock of the issues created by Brexit and how the industry can bounce back.
There's been a huge fall in trade between the UK and Germany during the first month of the new trading relationship between the UK and the EU.
Sir Ivan Rogers says EU could 'pull the plug' on talks. / The desire of Tory leadership candidates to appeal to the party’s Brexiteer grassroots could “wreck” any chance of the UK securing a trade deal with the EU, the former British ambassador to Brussels has warned.
The U.K.’s hard-line Brexit backers are making their move. If they get their way on the U.K.’s new trade arrangements, they will face a test of gravity.
Boris Johnson probably wouldn’t have won many votes if he had campaigned on a slogan of ‘Brexit will make Ireland richer’, but that is precisely what his “oven ready” deal has done by making Britain less attractive to investment and less competitive in trade.
Johnson is at the mercy of his cabinet. The trouble is, as Leavers, none of them will face up to our post-EU crisis either
Iain Overton reflects on the Government’s policy of Free Trade Deals with countries regardless of their human rights record.
What will be the long-run economic effects of the United Kingdom’s decision to leave the European Union—informally known as Brexit? Compared with remaining in the European Union, there will inevitably be higher trade costs with the rest of Europe, which accounts for about half of all U.K. trade.
In January, UK goods exporters soon discovered the ‘tariff and quota-free’ deal Boris Johnson signed with the EU did not offer frictionless trade.
Wages are worth less as direct result of departure from EU, says Monetary Policy Committe member. / Brexit has added 6 per cent to UK food prices, a Bank of England official has said as inflation hit a 41-year high.
It would be fair to say that businesses in Somerset are now really starting to feel the effects of Brexit and our new trade deals with the EU and the rest of the world. From all the businesses I have spoken to so far the effects have ranged from bureaucratic nightmares with unnecessary paperwork and extra costs to complete shutdowns of exports.
Bristol record store Idle Hands has announced it will shut at its current Stokes Croft address, with a crowdfunder launched to alleviate the costs of being closed, and to go toward helping it set up in a new, more central, location.
The United Kingdom will delay the introduction of border checks on imports from the European Union by as much as six months in a bid to avoid piling on the pain for British business and choking off vital food supplies.
The idea that Britain can leave the European Union and maintain frictionless trade with the bloc of 27 countries is officially dead.
For the first time since 1950, it's no longer among Germany's top 10 trading partners as first-half exports plummet 11%
Britain is on course to lose its status as one of Germany's top 10 trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe's largest economy to look for business elsewhere.
Britain is on course to lose its status as one of Germany's top ten trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe's largest economy to look for business elsewhere.
Britain is on course to lose its status as one of Germany’s top ten trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere.
Britain will spend 705 million pounds on border infrastructure to help keep trade flowing after its transition deal with the European Union expires at the end of the year, Cabinet Secretary Michael Gove said on Sunday.
Britain's specialism in traded services, some of which can be delivered electronically, has led Brexiters to claim that the country's trade will inevitably unmoor itself from Europe. In fact, Britain is not about to enter a "post-geography trading world".
Boris Johnson’s government faces deep economic problems. / UK lagging behind major peers on productivity and investment. / “... From a 16% devaluation of the pound to an eye-watering slide in trade and investment, Brexit’s impact is plain to see. The data have only reinforced our view that life outside of the EU would leave the UK worse off.”
Britain exited the European Union because it wanted to reclaim its sovereignty. Learning from Norway’s EU experience, Britain must be cognisant of the limits on its autonomy, even as a non-member, write Johanne Døhlie Saltnes, Merethe Dotterud Leiren, Arild Aurvåg Farsund, Jarle Trondal, John Erik Fossum and Christopher Lord.
UK firms warn that even with a trade deal, both sides need to phase-in changes to border checks over six months.
The chair of the British Chambers of Commerce, Shevaun Haviland, says British exporters have faced "huge issues" trying to sell their goods abroad since Brexit.
A surge in inflation and friction following Brexit has reportedly stagnated UK exports for more than a year.
Though Johnson promised ‘no non-tariff barriers’, firms say they are struggling under ‘compliance burden’ of customs and safety checks.
The Republic of Ireland imported almost €1bn (£856m) less of British goods in January compared with the same month in 2020.
British exports worth billions of pounds have faced tariffs on trade with the EU since Brexit, according to an analysis of official EU statistics.
Farmers have warned of "huge downsides" to Boris Johnson's new trade deal with New Zealand Prime Minister Jacinda Ardern.
THE BRITISH government is thwarting the north's potential to exploit trading difficulties in the Republic created by Brexit, according to Alliance's deputy leader. / Mr Farry said the official statistics illustrated that the "nonsense of Brexit brings wide-ranging consequences", including for large aspects of the supply chain into the Republic.
Weaknesses in the current export system and “mountains” of red tape due to Brexit could lead to a potential permanent loss of trade of between 20% and 50% for British meat companies, an industry body has warned.
The trade body UK Steel shared the figures with the Mirror amid growing concerns about the consequences of the Trade and Cooperation Agreement with Brussels.
The announcement that British Steel is to enter insolvency is the latest example of how uncertainty over Brexit is threatening livelihoods across the country. This does not just affect the 5,000 workers at Scunthorpe, but also a support staff of 20,000 across the whole supply chain. / Sadly, many other firms face the same danger ...
Businesses who raised concerns range from road hauliers to whisky manufacturers, while builders are running out of supplies.
As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.
“Car crash!” exclaimed managing director Andrew Varga, whose Brexit progress I have been following since the referendum. News of the latest Brexit U-turn landed on him on Tuesday out of the blue. All his years of preparation for a new UK product safety mark, all his thousands of pounds wasted, all the uncountable hours and effort were rendered pointless, at a stroke.
British Chambers of Commerce’s outgoing director calls for closer cooperation with the EU.
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.
How could a Peoples Vote happen and how should it be handled? Plus lunch with trade expert David Henig.
We look ahead to next week's European Council and the Peoples Vote March on 20 October.
What do Chris and Steve A do while Steve B is away? Get stuck in to some proper trade nerdery, that's what. We discuss how the UK can realise its global trade ambitions, whether EU trade deals can be rolled over, and what a unilateral zero tariff regime would do to the country's bank balance. Rock & roll!
Dmitry Grozoubinski is our guest this week to talk about what the hell a "WTO terms deal" is(n't), and we weigh up the risks and chances of a disorderly Brexit. Plus easily the sexiest Lie of the Week ever.
Coffee tariffs and orange tariffs and zero tariffs oh my! Chris in conversation with Twitter trade legend and man of mystery, Jim Cornelius, self-made walking encyclopedia of all things tariff-related, and scourge of so-called liberal leavers everywhere.
UK trade volumes have been “suppressed” by the impact of Brexit and Covid-19 and the impact of new customs agreements on businesses is “concerning”, according to MPs.
This frustrated business owner who voted for Brexit because she was "fed up with the bureaucracy" of the EU now has "more of it" as her business struggles to cope with additional costs and delays.
Canada has pledged to fill British supermarket shelves with hormone-pumped beef as the two countries opened post-Brexit trade talks.
The press is fascinated by a gimmicky idea also involving Britain, Australia, and New Zealand.
First-quarter decline in freight from British ports contrasts with increased trade with EU.
It has been described as “the most ambitious” and progressive trade deal ever signed by the EU, but what does CETA do? The historic agreement was signed into law in September 2017 by the EU and Canada, after years of negotiation and a protest campaign.
Mr Foord criticised the current trading arrangements and called for a smoother process with less paperwork.
Yesterday marked three years since the UK left the European Union, and one Champagne retailer has revealed how the impact of Brexit and resulting commercial challenges have left the company feeling flat.
Jeremy Hunt insisted the UK would find a way to improve trading ties with the EU without rejoining the single market. / "The latest evidence suggests that Brexit has had a significant adverse impact on UK trade, via reducing both overall trade volumes and the number of trading relationships between UK and EU firms."
Treasury committee head suggests it means ‘existing analysis stands’ – of a £130bn hit from loss of frictionless trade with EU.
An English cheese wholesaler has "given up" on selling to the island of Ireland due to post-Brexit trade rules.
China has overtaken Germany to become the UK's biggest single import market for the first time since records began.
Calls for Wales to have one ferry port in Pembrokeshire instead of two due to declining trade following Brexit would be a “disaster” for the county, a Senedd candidate has said.
Most people think Brexit has gone badly, a UK survey finds, and Johnson has left behind a mess of problems for a new PM.
It comes after Rishi Sunak reiterated his commitment to Brexit, amid reports the government could be seeking a closer "Swiss-style" deal with the EU.
The Welsh Government's approach to agreeing post-Brexit legislation with the UK government is "high-risk and flawed", a report has said.
Post-Brexit trade disruption and ongoing congestion are causing critical build-ups of containers at UK ports, according to the latest data from Container xChange.
Irish exports of food stuffs, live animals, animal products, plants, and plant products to Britain face checks at British ports for the first time at the end of October under the long delayed Brexit accords, and many traders may likely be ill-prepared, a leading expert has warned.
Exports recovered in February compared to the previous month, but "that is setting the bar exceedingly low".
The UK government does not "fully comprehend how difficult it is for businesses to plan" for Brexit, the boss of Wales' largest building society has said.
The UK’S membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership offers little gain for the British economy.
The U.K.'s anticipated accession to an encompassing trans-Pacific economic agreement in July will provide an "imperceptibly small" boost economically and will not compensate for its exit from the European Union, said Bill Emmott, former editor-in-chief of The Economist, in a recent interview with Nikkei.
Cross-border trade in Ireland has increased dramatically since the start of 2021, official data suggests.
A new cross-party group comprising of MPs, business leaders and economic exports is being established to provide independent scrutiny of the UK’s trade deals with Europe and the rest of the world.
The UK left the EU on January 31, 2020, and this began the complex process of de-coupling the UK regulatory regime from that of the EU. This has not been straightforward, particularly where goods move into and out of Northern Ireland (NI), where the EU rules continue to apply, from Great Britain (England, Wales, and Scotland (GB)), where they do not.
The British Chamber of Commerce has called on the government to make exporting easier for SMEs, such as reducing red tape.
The harm done to Scotland’s economy, trade, population, education and governance by Brexit is becoming increasingly clear, a new paper finds.
Brexit secretary David Davis has been mocked for claiming that Britain can secure a free trade area that's "10 times the size" of the European Union. / Liberal Democrat MEP Catherine Bearder pointed out that this would actually be 1.5 times bigger than the entire world economy.
There are a ‘lack of things to talk about‘, ex-negotiator argues – one day after collapse in trading links revealed.
Irish shippers increasingly turning to direct shipping services to continental Europe are set to see a sharp injection of unaccompanied capacity, as carriers respond to growing demand.
UK food manufacturers are said to be rushing to hire trade specialists to cope with the delays and red tape involved with getting products in and out of Northern Ireland.
Sales to the EU dropped more significantly in 2021 than exports to any other country in the world, the ONS data shows, as UK to EU exports nosedived 12 per cent between January and December of last year, compared to the previous year.
A look at the impact leaving the EU has had on some of Britain's small import and export businesses.
To mark the first anniversary of the trade deal between the UK and the EU, Downing Street issued a press release about how prime minister Boris Johnson plans to "maximise the benefits of Brexit".
Most of our trade (57% of exports and 66% of imports in 2016) is with countries we have EU trade agreements with, not under WTO rules.
When scrolling through comments you often see people say "they need us more than we need them". So we have tried to respond to that once and for all. We look at if the EU relies on the UK for trade, how the EU budget will cope without the UK and if the EU needs the UK as a security ally.
“It wasn’t until October 2020 that he finally understood even vaguely what leaving the customs union meant.”
Dominic Raab has come under fire for saying he "hadn't quite understood" how reliant UK trade in goods is on the Dover-Calais crossing.
A Doncaster firm is calling on the Government to improve business with Europe following a massive slump in trade caused by Brexit.
Political distance from Brussels has been achieved. This is not up for question. However, economically speaking, there is vast room for improvement. The OBR calculates, in its current form, that Brexit is reducing our GDP by four per cent. This compares to around 1.5 per cent caused by Covid.
The Tory leadership race has brought a no-deal Brexit closer. Most candidates have either elevated No Deal to a heightened form of Brexit - a "clean" Brexit - or have insisted it is preferable to an extension beyond the current Article 50 deadline of 31 October.
There's deep disquiet in the food trade over forthcoming sanitary checks. When such checks were previously required, some UK companies were forced to stop exporting.
Trade disruption could return if British holidaymakers head for European summer breaks, the head of the country’s biggest port said, calling on the government to urgently reconsider funding to redevelop Dover to prevent long-term damage.
Micheál Martin's comments come as Welsh ports continue to experience the fallout from the UK's withdrawal from the European Union.
More than a year on from Brexit Welsh companies say they are feeling the pinch from making fewer sales to Europe.
The latest Central Statistics Office (CSO) figures released on goods exports and imports in January 2021 show the “immediate impact” of Brexit on trade, according to Fianna Fáil.
Trade between Dublin Port and the U.K. slumped in the first nine months of the year while business with EU locations surged, continuing a post-Brexit trend.
ITV News Anglia has been catching up with small businesses across the region to find out more about what the end of the UK's membership of the European Union has meant for their fortunes.
The Stormont minister whose officials are responsible for the new Irish Sea border has said some food will be unavailable if changes are not made.
A day at a frozen food transport firm in Northern Ireland exposes the obstacles to moving goods across the Irish Sea.
The Economic and Social Research Institute estimates that Brexit has led to a 45% reduction in goods imports coming from the UK to Ireland.
A new report from the Economic and Social Research Institute (ESRI) shows that trade between the UK and the EU has declined since Brexit.
Trade between Ireland and Britain “declined sharply” following Brexit, according to a report from the Economic and Social Research Institute (ESRI).
The European Parliament has commissioned dozens of impact assessments or studies on Brexit from experts, across a broad range of policy areas, which are publicly available online. This webpage will be regularly updated to include further relevant publications.
The transition period ended on 31 December 2020. Since that date, trade volumes have been suppressed by the impact of COVID-19, EU exit, and wider global pressures. It may not be possible to separate out the impact of these individual elements on the UK’s trade with the EU, but it is clear that EU exit has had an impact, and that new border arrangements have added costs to business.
For some weeks the British government has been planning a “shock and awe” campaign to warn British businesses that they have less than six months to prepare for Brexit; but the EU has beaten them to it.
E-commerce deliveries to the UK from the EU plummeted by over 50 per cent in the first quarter of 2021 in comparison to the last quarter of 2020, research from shipping platform Sendcloud has found.
Online deliveries to the UK from Europe have plunged 50.7 per cent in the first quarter of 2021, according to e-commerce shipping platform Sendcloud.
The European Parliament has voted against opening trade talks between the EU and the United States amid fears over Donald Trump‘s trade and environmental policies.
European Union Trade Commissioner Phil Hogan said the U.K. will have “full responsibility” for any damage to the British economy after the post-Brexit transition expires...
The European Union sued Britain on Wednesday (local time) over its move to rewrite the trade rules agreed to when the country left the EU two years ago, ratcheting up tensions between the major economic partners.
The EU has in place, or is negotiating, trade agreements with countries and regions around the world.
The European Union (EU) is the world's largest single market and the EU Trade Helpdesk is your one-stop-shop to access it. The EU is committed to helping exporters like you in its trade partner countries with the information you need ...
Declaration system may be swamped, leaving trucks stranded, with risk of price hikes and shortages.
The EU and Japan's Economic Partnership Agreement entered into force on 1 February 2019.
The European Union and Japan will launch the world’s largest free trade zone early next year after their economic partnership cleared a final hurdle on Wednesday. Some 70 percent of European Parliament lawmakers backed the agreement that binds two economies accounting for about a third of global gross domestic product and signals their rejection of protectionism.
On 15 October, the Council adopted decisions on the signature of two agreements between the EU and Singapore: a free trade agreement, an investment protection agreement.
Top European Union and British officials failed to get a breakthrough at talks on Northern Ireland trade rules and said Friday that contact would continue over the coming weeks
New figures from the European Union's statistics office Eurostat today showed that imports from Britain were down by more than a third in the first quarter of 2021 following the British exit from the EU single market.
In recent weeks I have been hearing a lot - both publicly and privately - from EU leaders, and from the chief executives of some of the region's biggest companies. No wonder. They've had a lot on their plate with events in Ukraine, a transformation of their energy supply lines, and the prospect of knock-on effects, including possible recession.
New Zealand is negotiating a free trade agreement with the European Union, one of the world's largest trading entities. We're aiming for a modern, high-quality agreement.
The Brexit divorce bill will cost each taxpayer on average £305 more than previously expected, according to new government figures.
Britain leaving the EU with no deal would be "extremely bad" for both parties, the former head of the World Trade Organisation (WTO) has said.
A former senior civil servant in charge of Brexit planning has warned some British businesses may “give up importing” as a result of new rules implemented in the new year.
Brexit is again in the spotlight – is anyone surprised? – as a new survey published this week found that more than three quarters of companies doing business with the EU think the deal is of no help in growing their economic activity. More than half of the British Chambers of Commerce members said they had problems complying with new exporting rules.
The export of goods from the UK to the European Union fell by nearly 41% as the Brexit transition period ended.
Fall of 40.7% comes as UK economy in January shrinks by most since first wave of Covid pandemic.
As Britain prepares to carry out its own trade negotiations for the first time in decades, the government has launched a scheme to recruit and train school-leavers as future commerce experts.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
Britain’s departure from the European Union has triggered the biggest change in trade since it joined the bloc 48 years ago, with companies grappling with export documents, longer delivery times and the need to re-engineer supply chains.
The UK represented the Crown Dependencies and British Overseas Territories in relations with the EU while a member of the block. But since Brexit, how is it performing at engaging the EU to represent their individual interests?
An honest assessment of Brexit from Fareed Zakaria of CNN... "On virtually every measure, from business investment to exports to employment Britain is falling behind its peers."
Truckers are trying to avoid the U.K. as Brexit red tape keeps them waiting to get to the continent.
Fall in imports and exports not due to ‘teething problems’ or Covid, says expert.
Brexit as an ideological project has stripped the government of any sense of basic pragmatism.
Business leaders are urging the UK government to delay planned border checks on imports, warning some firms already face “existential” problems under new Brexit rules.
Two in five firms that trade with the EU expect to see a fall in business compared to before the coronavirus crisis, a new study suggests.
Firms are "banging their heads against the wall" two years after post-Brexit trading began, a new report suggests. / The British Chambers of Commerce (BCC) said businesses were still grappling with EU trading arrangements and more red tape.
Early signs of disruption caused by Britain’s shift to its new, less open trading relationship with the European Union are emerging in economic data.
The UK's fish and shellfish exports to the European Union dropped by a whopping 83% in January, while meat sales dropped by two-thirds, with Brexit being blamed as the primary reason.
When the Brexit transition ends on 1 January there will be a new trade border between Northern Ireland and the rest of the UK.
Alarm raised over business ‘barriers’ which ‘cost jobs and money in the UK’ – as public unhappiness confirmed. / “no appetite for widespread deregulation or divergence from EU rules” – UK Trade and Business Commission
Top trade experts say conditions for hidden benefits claimed by Kemi Badenoch are ‘highly unlikely’.
The Independent revealed earlier this year government’s predicted 0.08% boost risked being an overestimate. / Business Secretary Kemi Badenoch was mocked for a prediction the deal with Asia-Pacific countries would grow the economy by 0.08%.
An EU-UK free trade agreement will result in new barriers to trade and border friction even if the UK chooses to unilaterally align itself with EU rules and regulations.
BREXIT could cost the economies of Wrexham and Flintshire as much as £300m a year, new research suggests.
New figures have shown that UK food and drink exports to the EU plunged by almost a quarter in the nine months after Boris Johnson’s Brexit deal took effect, compared to pre-pandemic levels, with a loss of £2.4bn in sales.
The second half of 2021 will see a permanent loss of EU markets, businesses claim.
The head of the Food and Drink Federation said post-Brexit arrangements were having a major impact on the sector.
Consultants being paid top rates to help businesses deal with supply chain issues.
In the political realm, no one knows how Brexit’s long-running theater of the absurd will end. But for much of the business world, Britain’s departure from the European Union has effectively happened.
“Making it difficult to trade with your biggest market is a dumb thing to do", Sir Martin Broughton said.
Britain's decision to leave the EU has seriously undermined the peace efforts in Europe, a former Tory politician has claimed.
Without deal on post-Brexit trade rules in Northern Ireland, it is “almost impossible” for food retailers to export to the EU, says chief executive of Fortnum & Mason, Tom Athron,
The landmark deal to liberalise trade with one of the world’s biggest growing economies is delayed in a blow to the Government’s growth plans.
The volume of lorries passing between Britain and its major European trading partners has fallen dramatically this month.
The European Parliament is expected to ratify the post-Brexit EU-UK trade deal, amid tensions including a French threat of reprisals against the UK.
The government is exploring a controversial further delay to post-Brexit checks on imports from the EU because of growing alarm that they will exacerbate the cost of living crisis.
A new survey of UK and Netherlands firms shows two-thirds think our departure from the single market has had a negative effect
As the economic harm that it has done becomes ever clearer, all but the most die-hard Tory Brexiteers are increasingly prepared to admit that Brexit was a mistake. Trade with the Europe has slumped, productivity is down, and there are 4,000 fewer European doctors working in the NHS.
Almost three years after the United Kingdom's formal departure from the European Union, voters are turning sour on the 2016 decision to leave. A recent poll showed that 57% of voters view the departure from the EU as a mistake compared to the 52% who voted for the original Brexit referendum. So what changed?
Two years since Britain left the EU, Brexit is still very much at the top of the news agenda with lorry queues lengthening at Dover as exporting firms struggle with red tape.
New trading arrangements between Ireland and the UK have had a significant and negative effect on freight traffic between the two countries.
Northern Ireland risks becoming a “legal basket case” that will deter trade and investment if Article 16 is triggered, companies have warned.
Fruit importers have begun redirecting European trade routes away from Dover-Calais to minimise disruption from the end of the transition period.
As President Biden's visit to Belfast reignites Brexit talks, this defeated caller labels Boris Johnson a "liar" after he promised "frictionless trading" post-Brexit.
The economic costs of Brexit were masked by the Covid-19 pandemic and the crisis in Ukraine. Now the effects have become clear.
Imports and exports of furniture and flooring fared worse than other goods and commodities in the first month since the end of the Brexit transition, initial Government data shows.
Any additional delays to the introduction of post-Brexit border checks on imports will simply postpone the inevitable, and send mixed signals to businesses that have been urged for months to get ready for the additional formalities involved with moving goods across the UK’s borders, according to business group Logistics UK.
"Britain has traditionally been Germany’s fifth largest trading partner. In 2022 UK will drop out of the list of the TOP 10"
Boris Johnson moves into 10 Downing Street on a promise to deliver Brexit within months. However, German business leaders have urged him to avoid a disorderly Brexit. Trade between the two countries is already falling.
German exports to the UK declined 2.5% last year, due to effects linked to the Brexit process, Germany's federal statistics office, Destatis, has said.
Britain would have no more than a few months to negotiate a new trade agreement with Brussels, a process that typically takes years.
Even if the European Union and the United Kingdom conclude a highly ambitious partnership covering all areas agreed in the Political Declaration by the end of 2020, the United Kingdom’s withdrawal from the EU acquis, the internal market and the Customs Union, at the end of the transition period will inevitably create barriers to trade and cross-border exchanges that do not exist today.
Boris Johnson’s team isn’t going to let economic models get in the way of a political revolution.
The vision of post-Brexit Britain was one of international trade deals that would propel the country into a new era of prosperity. That vision of “Global Britain” is now dead. Thomas Sampson argues that the only viable alternative is a closer trade relationship with the EU.
FORGET visas, cheap Europe trips and free trade. There is one fear that dwarfs all others for Australia, and it’s looking more likely as Brexit turns sour. / GLOBAL security, trade and the stability of the international system could take a body blow if Britain crashes out of the European Union (EU) in a bitter “no deal” scenario.
In the UK, disillusionment with Brexit has set in. The limitations of Boris Johnson’s Trade and Cooperation Agreement are evident. But Labour’s Keir Starmer, the likely winner of the general election, has only modest ambitions for Britain’s relationship with the EU. Andrew Duff suggests that Labour should be much bolder by adopting a phased approach back to full membership.
Exports from Britain to Ireland in November last year also increased by more than 16% compared to November 2020.
Goods imports from Britain to the Republic have dropped by more than a fifth since Brexit, figures show.
Goods imports from Britain have fallen by more than a fifth since Brexit while cross-Border trade between the Republic and Northern Ireland continues to flourish.
Major trade bodies say they have been stopped from telling member companies about plans for customs and trade. / "We are collectively of the opinion that members are not ready for a no-deal exit on March 29."
The government is facing an unprecedented backlash from five key industries over Boris Johnson's plans for post-Brexit trading arrangements.
Government messaging in the build-up to Brexit failed traders over the extent of changes brought about by rules of origin requirements for trading with the EU.
The EU Services Sub-Committee has today published its report, Beyond Brexit: trade in services, which examines the future UK-EU relationship on trade in services.
The region’s largest business group has called on Government to help firms trade more freely with overseas markets after research highlighted the Brexit trade deal is not delivering for them.
New slimmed-down Brexit border checks mean businesses will 'only' face £420m of additional costs from post-Brexit border controls.
Academics say any gains will depend on the possible future expansion of the CTPPP, which as things stand looks both unlikely and undesirable.
"The model has been an empirical success in that it accurately predicts trade flows between countries for many goods and services, but for a long time some scholars believed that there was no theoretical justification for the gravity equation. However, a gravity relationship can arise in almost any trade model that includes trade costs that increase with distance."
Get Brexit Done’ has unravelled in a spectacular fashion; a significant knock to the economy, removal of rights and freedoms, more red tape for business and – the most heart-breaking of all – trouble has returned to Northern Ireland. The obvious answer to this foreseeable problem is for the UK to be part of the single market and customs union.
ITV News Europe Editor James Mates visited Greece, where traders and businesses tell him that cost and paperwork is making them turn to other countries to do business.
With Britain’s businesses having to declare imports of all EU goods as of 1 January, experts have told City A.M. UK firms lack the skills and expertise to handle the increase in declarations.
Although we have left the EU, there are still many issues to be resolved. One of the biggest dangers is that if the NI Protocol breaks so will the UK-EU trade deal.
Senior politicians from Guernsey have attended a series of meetings in France to discuss joint working and matters affecting communities on both sides.
This guidance informs people working in the UK electricity market and other stakeholders about changes to the cross-border trading and supply of electricity from 1 January 2021.
New data from a survey carried out by the British Chambers of Commerce has thrown sharp focus on the impact the UK-EU trade deal (TCA) is having on UK firms one year on from its implementation.
Almost half of British businesses that traded with the EU pre-Brexit are doing less trade with the bloc, or have stopped entirely, since the UK left the single market and customs union in January, according to a new survey.
And to add insult to injury, 16 per cent of UK firms have partially or entirely move their EU operations inside the single market.
More than half of UK businesses who trade overseas are finding it difficult to trade goods with the EU post-Brexit, according to a new survey.
New rules and standards on EU trade will make the first set of Brexit measures pale into insignificance.
June 2021 saw 31 haulage firm insolvencies, the highest in a single month since January 2019 as Brexit and driver shortages bite, according to data from Tower Bridge-based audit firm Mazars that was shared exclusively with City A.M. this afternoon.
A business owner left ‘horrified’ after seeing the cost of a single consignment of goods imported from the Netherlands rise by 37 per cent post-Brexit believes the Government needs to step in and address the issue.
THE value of Scotland’s exports to the EU has fallen by billions since Brexit, with every one of the country’s 32 local authorities being affected.
FORMER US presidential candidate Hillary Clinton has highlighted the benefits of Northern Ireland’s access to both EU and UK markets.
Brexit is hitting the UK export market, according to data from HMRC. / The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020.
For 30 years the UK and Japan have been the best of trading partners – but no longer. What’s changed?
'...my self-imposed task of documenting the Brexit impact has become a challenge not so much because of the difficultly of weighing up the positives and the negatives, but rather due to the sheer amount of damage Brexit is doing up and down the country, left, right and centre, and across sectors.'
In the months after Boris Johnson signed his post-Brexit trade deal with the European Union, the coronavirus masked the economic damage of leaving the bloc. As the pandemic drags on, the cost is becoming clearer -- and voters are noticing.
The volume of goods being ferried across the Irish Sea between Britain and Ireland has collapsed since the UK left the EU.
Britain’s economic and cultural prowess is suffering due to post-Brexit tax changes, reports Sascha Lavin. / As the Government publishes a 100-page ‘benefits of Brexit’ paper today, luxury brands are calling on Boris Johnson to rethink a post-Brexit policy that is harming their international competitiveness.
This paper estimates how Brexit has affected goods trade between the United Kingdom and European Union. Using product-level trade flows between the EU and all other countries in the world as a comparison group, we find a sharp decline in trade from the UK to the EU and significant but smaller reductions in trade from the EU to the UK.
This paper estimates how Brexit has affected goods trade between the United Kingdom and European Union. Using product-level trade flows between the EU and all other countries in the world as a comparison group, we find a sharp decline in trade from the UK to the EU and significant but smaller reductions in trade from the EU to the UK.
Brexit resulted in a 25% fall in imports from the EU and created “a large increase in barriers to trade”, according to research.
1 January 2021 marked the end of frictionless trade between the UK and continental Europe.
This article, circulated widely on social media at the time of the referendum, claimed in error that EU tariffs starve African farmers. Since then it has been updated with an errata explaining its stated facts and conclusion are wrong. No tariffs are paid except on weapons. / NOTE: This article has now been removed from CAPX. We've linked to a copy from the WayBackMachine web archive.]
Analysis: The UK’s revised-down Q3 figures should come as no surprise given business has been in second gear since 2016.
CPTPP member countries have a combined population of 500 million and GDP of £9 trillion. For reference, although the EU is a similar size, with a GDP of £11 trillion, the value of our total trade to the EU is much higher, at £557 billion.
What kind of trade arrangements could the UK negotiate with the European Union after leaving? Newsnight's James O'Brien was joined by former Director-General of the World Trade Organisation Pascal Lamy, and Vote Leave's Andrea Leadsom to discuss.
Forecasts of the economic hit caused by Brexit from the UK’s budgetary watchdog are wrong, according to chancellor Jeremy Hunt.
How has such a traditional industry as cider-making fared in the current climate? I spoke to Matilda Temperley from Burrow Hill Cider and the Somerset Cider Brandy Company.
A leading Ikea executive on Thursday said Brexit had caused “chaos”, as a senior UK minister admitted in Davos that Britain’s departure from the EU had brought “significant challenges”.
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.
It has been revealed that the government is considering a fourth delay to the introduction of post-Brexit import checks amid fear of their impact on the supply chain and the cost of living crisis.
Importers of goods in Malta have started to source products from the EU or Asian markets rather than the UK because of delays and bureaucracy brought about by Brexit, the Chamber of Commerce has said.
New figures from the Central Statistics Office show that Ireland's goods imports from Britain fell by 65% in January compared to the same time last year.
Numbers dropped by 65% to 497 million euro in January compared with the same month last year.
The ESRI will tell Oireachtas committee that imports moving south of the border have risen by 90 per cent due to the withdrawal of Britain from the EU
Imports to the Republic from Britain dropped by more than €900 million in January following the end of the Brexit transition period.
For companies depending on fast, small deliveries, the costs of new Brexit trade rules are mounting.
The Tories – and much of the media – would have us believe we’re living in Shangri-la.
Businesspeople, academics, journalists and a top trade unionist have formed a group with the purpose of repairing fractured UK-EU relations.
One of the leading international experts on UK-EU trade has told an audience in Coventry and Warwickshire that smaller businesses are being hardest hit by a fall in trade following Brexit.
PSA Part’s Sales Director, Nick Walsh looks at how Brexit is impacting cross European border trade for the tech channel and how companies can look to address these challenges.
This paper examines the early months of post-Brexit trade flows in goods between Ireland and the United Kingdom.
Irish deputy PM says UK triggering article 16 would precipitate collapse in relations with EU.
Ireland is increasingly concerned that British Prime Minister Boris Johnson wants to completely rewrite the Northern Ireland section of the Brexit deal, RTE reported on Monday after London said the agreement was not sustainable.
Meanwhile imports from Great Britain tumbled by more than €2.5 billion, or 32 per cent.
New figures from the Central Statistics Office show that Ireland's goods imports from Britain fell by 65% in January compared to the same time last year.
Irish imports from Great Britain fell again in April, continuing a trend since the U.K. left the European Union.
Imports to Ireland from Great Britain slumped in March, as Brexit continued to impact business between the two countries.
Yet another trade boss telling us Irish trade is booming with the EU but declining with the UK.
‘It would be such a shame to lose a whole market and lose relationships with people in the UK’
Imports into Ireland from Northern Ireland surged 64% in the first eleven months of 2021, continuing the trend seen since the U.K. formally left the EU.
Ireland's trade with Northern Ireland grew rapidly in 2021 with imports up 65% and exports to the British-run region 54% higher, helping to offset a 13% fall in imports from Britain during the first year of Brexit checks, data showed on Tuesday.
Trade between Ireland and Northern Ireland surged during 2021 following the U.K’s formal departure from the European Union.
Digby Jones made the claim on Twitter at the weekend when discussing the impact of a no deal Brexit.
A 19th Century trade agenda will decimate the most productive parts of the 21st Century economy.
I have started reading the Brexit literature again. A recent paper – ‘What impact is Brexit having on the UK economy?’ by Graham Gudgin, Julian Jessop and Harry Western (GJW) from October 2022 argues there is no hard evidence of harm and that studies that claim to find harm are biased and/or incompetent! In this blog, I consider a few of their points in four areas.
Is it a vindication of the economic merits of Brexit and a symbol of the clout of ‘global Britain’? The short answer is no.
A number of obscure pieces of trade law have taken on near mythical status in the Brexit debate. One of them is Article 24 of the General Agreement on Tariffs and Trade (Gatt).
WTO members are responsible for 98% of world trade, but it’s misleading to say all of this trade is done “through” the WTO.
A small Cambridgeshire firm claimed business has "never been so good" since Brexit - but not everything is as it seems. / An article proclaiming how small businesses have “adapted to survive and thrive after Brexit” has been widely mocked on social media.
Either Boris Johnson is trying to bamboozle the public with jargon or he just doesn’t get the basics of how global trade works. Both are bad omens for the man who is likely to be our next prime minister and tasked with navigating a way through the Brexit mess.
THE UK Government’s new Brexit opportunities minister has claimed there is little evidence to suggest Brexit has damaged trade – despite overwhelming evidence to the contrary.
James O'Brien discusses recent reports suggesting food imports to the UK are at risk in confusion over post-Brexit checks and emphasises how this proves how 'stupid' the idea of Brexit really is. James highlights how people believed the words of a 'proven liar' in Boris Johnson and a 'proven idiot' in Jacob Rees-Mogg, who assured people that 'food would be cheaper.'
'If Brexit was a second-hand car, you've got it home, there's no engine under the bonnet and they've just made Jacob Rees-Mogg chief mechanic.'
Imports of goods from Great Britain fell significantly in January dropping 65% compared to January 2020.
The UK's finance minister has said he recognises that Brexit has brought trade barriers with the EU, but rejected calls for Britain to rejoin the single market, arguing that most obstacles can be removed over time.
Jeremy Hunt conceded there have been damaging trade barriers with the EU created by Boris Johnson’s Brexit deal.
The British Chambers of Commerce said over half of UK exporters (60%) surveyed by the BCC in November 2021 reported difficulties in trading with the EU, an increase from 49% in January 2021.
"The first week of Johnson’s new administration has seen both speculation about, and the beginning of some answers to, how he intends to undertake Brexit. The outrageousness of that situation shouldn’t pass without comment."
Lifestyle brand Joules has made moves to terminate some of its wholesale agreements with EU stockists as Brexit costs made the channels unprofitable.
The Labour leader has been under pressure to criticise the pact with Brussels amid disruption at Irish Sea ports and complaints about export difficulties.
"Britain can no longer afford to have one hand tied behind our back with new red tape, new costs and lost opportunities from Brexit," Naomi Smith said.
THE SON of the late Rev Ian Paisley has said talk of a united Ireland is not as easily dismissed as it once was and that Brexit bears much of the responsibility for transforming attitudes.
The leader of the GMB union said the UK ‘needs a new settlement’ with the EU as Brexit was ‘hitting trade’.
The British Poultry Council’s chief executive has warned that an ongoing lack of reciprocity in UK-EU trade risks “normalising unfair trade with our largest and most important trading partner”.
MORE than a year after the UK fully withdrew from the EU, an Edinburgh business owner has revealed he still spends countless hours on admin just trying to get items to and from Europe.
New figures released today have revealed just how disastrous Brexit has been for the UK economy as trade data shows exports to the EU fell by almost 14 per cent.
The United Kingdom's exit from the European single market coincided with a vertiginous decline in trade with Latvia, according to data published by the Central Statistics Bureau (CSB) on March 12.
A parliamentary committee has criticized the British government over trade disruptions caused by Brexit. It has warned of further disruptions as the pandemic subsides. / The UK was the last of the Group of Seven — which includes France, Germany, Italy, Japan, Canada, and the US — to see its exports surpass the average level from 2018.
A review of evidence about opportunities, challenges and risks to the North East economy and its key sectors with recommendations for action.
It is increasingly evident that leaving the European Union — the world’s richest single market — was a monumental act of self-harm for the UK. African countries should take heed and cooperate to ensure the success of the African Continental Free Trade Area.
Almost seven years on from the Brexit referendum, there remains uncertainty over the future UK-EU relationship. Reflecting on the lessons from the last seven years, Neil Kinnock argues there remains a clear case for the UK being an economic, political, social, scientific and cultural part of the Europe of the future.
Standup4Brexit has teamed up with Esther McVey MP to launch a video series explaining the WTO to the British Public and make No-Deal Brexit sound less scary. I spent years as a negotiator for Australia at the WTO, so I was keen to see what nuggets of wisdom were coming out of the StandUp4Brexit oven. I should have perhaps gone to McDonalds instead.
The European Union – African Union Summit, which is taking place today, is an important milestone. European and African leaders must underline that we depend on each other. A prosperous African future is a prosperous European future, writes a coalition of MEPs.
Creation of body to protect UK firms from unfair global trade practices is behind schedule.
A Littlehampton company has had to let go dozens of employees after losing almost all of its business to Brexit.
Liz Truss has called on the EU to scrap "border control and paperwork" on Irish Sea trade, setting up a clash with Brussels over the Northern Ireland Protocol.
While Brexit continues to deliver more empty shelves for consumers, more carnage to our food and fishing sectors and more chaos to the people of Northern Ireland, the eternal sunshine of our international trade secretary’s spotless mind continues to deliver more doses of what seems like good news for faithful Leavers.
Liz Truss is refusing to answer questions about the cross-Channel trading crisis sparked by Brexit, says a stinging attack by six opposition parties.
If other countries don’t trust us to stick to what we agreed, it makes it harder to strike new deals in the future.
"Every time you send out transport with lobster, it is like playing Russian roulette with five bullets in your gun.”
Business group Logistics UK is urging government to prioritise the needs of the logistics industry, as Parliament continues to debate the Retained EU Law bill.
Liz Truss becoming Prime Minister is the end of what little hope remained that the Northern Ireland Protocol Bill would be scrapped.
It took an event unrelated to the Irish Sea border furore to set a match to simmering tensions.
The majority of lorries travelling from the UK to the EU via Calais and Dunkirk have nothing in them, suggesting that trade has been significantly disrupted since Brexit.
A former Australian prime minister has warned the UK to be "careful what you wish for" when it comes to EU trade.
Website designed to help business owners understand impact of EU-UK trade deal
The UK regions and Nations which voted for Brexit have increased their dependence on the EU for manufacturing exports, while the European market remains the overwhelming favoured destination for the sector.
Mark Carney debunks the counterfactual claim made by leading Brexiters, including Boris Johnson, that Art. 24 of GATT allows for continued free trade with the EU after a no deal exit.
Identify customs tariffs, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes applicable to your product.
The manager of one of Bath's best-known markets has complained that 'Brexit red tape' is making it too tough to import goods from Europe.
Sacha Berendji also told a House of Lords committee that M&S had faced increased costs and wastage due to new rules and administration.
Marks & Spencer’s chairman has become the latest business leader to criticise the Government’s economic policy, with Archie Norman calling plans to ease post-Brexit trade “overbearing” and “baffling”.
Analysis: trade could be a drag on recovery for years to come rather than the high-octane propellent the government promised.
NEARLY half of UK exporters are facing difficulties in adapting to the changes in the trade of goods as a result of the new post-Brexit trading arrangements, a large-scale study has found.
IT SEEMS incredible that the menacing narrative evident for some time now – that Brexit is done and shining a light on its dire consequences is sheer impertinence – has become more rather than less embedded as the actual effects of the folly manifest themselves.
Mercosur has been the most significant initiative for a deeper and more constructive integration in South America. Despite the fact that it is mainly known as a common market, its contribution to social stability is absolutely notable.
LEVELLING up secretary Michael Gove has been caught out sharing misleading trade figures, according to a fact-checking organisation.
The UK’s milk and cream exports to the EU have dropped by 96% ‘because of the post-Brexit trade deal’s red tape’, new figures show.
The fisheries minister has refused to say sorry for the government's handling of the post-Brexit shellfish saga amid tough questions from exporters whose sales to the European Union have been torpedoed since the New Year.
Ministers have been accused of peddling “dodgy statistics” after an embarrassing blunder saw the Government overstate how much Britain imports from countries outside the European Union by a staggering £300bn.
‘If the government thought it had a very strong case they would publish these studies ... it’s an indication that there’s nothing there’
There remain "substantial barriers" for UK trade with Europe, with small businesses bearing the brunt of the post-Brexit strain, according to peers.
The majority of UK firms experienced some form of trade disruption following Brexit, and many expect there to be long-term disruption as a result of the new EU trading arrangements.
The figure rises to 80% for businesses that do a moderate or large amount of trade with the EU, a survey has found.
Associated British Ports' (ABP) Dafydd Williams said a significant volume of trade had been re-routed to the Humber.
More voters are beginning to regret the current form of Brexit and would be willing to accept EU rules in return for better trade ties, a poll has revealed.
Exporters advised by Department for International Trade officials to form EU-based companies to circumvent border issues.
It is an "insult" for the prime minister to describe disruption to trade across the Irish Sea border as teething problems, a DUP MP has said.
AFTER FOUR months of pain for Scotland's fresh meat and seafood exporters, a cross party Westminster committee has officially confirmed what they already know – the UK government's Brexit deal did not deliver 'frictionless' trade with the European Union.
A group of MPs has questioned if the government can meet its promise of "unfettered" trade between Northern Ireland and the rest of the UK.
Almost unnoticed as Partygate occupies minds and headlines, new Brexit rules are already doing serious damage to British business.
UK business is again looking for workarounds to continue trading with the EU, after Germany announced it would be ending VAT exemption for goods valued at less than €22.
The introduction of new post-Brexit trading rules last year caused a "major shock" to UK-EU trade, a study claims.
Exports to Britain rose by €2.27bn in the first 11 months last year while all-Ireland trade continued to expand, suggesting the economy north and south has benefited from Brexit and the Northern Ireland Protocol deal.
THE SNP have said new export figures should serve as a “wake-up call” that the Tories are not interested in securing a strong recovery for Scotland or the rest of the UK – as the reality of their hard Brexit continues to unfold.
A survey has found a large majority of small businesses want the UK to cooperate with the European Union as the government faces calls renegotiate terms of the its post-Brexit trade relationship with the bloc.
A UK business spoke about having no choice but to raise the prices of its goods as trade between the UK and the EU becomes increasingly difficult, ITV News Reporter Martha Fairlie reports on New Year's Day 2022.
A NEW report has revealed a huge fall in Irish imports from Britain in the wake of Brexit.
The impact of Brexit on trade, immigration and political economy in new e-book.
Henderson Foodservice sought supplies from Mauritius as it was cheaper than Great Britain under post-Brexit rules, boss says.
New routes to mainland Europe from Dublin, Rosslare and Cork seen as more reliable.
Business groups in Northern Ireland have appealed to the UK Government and the EU to bring an end to post-Brexit trading frictions.
Stormont's agriculture minister has hit back at a claim by the NI secretary that trade disruption across the Irish Sea is due to Covid-19 and not Brexit.
Post-Brexit trade between the Irish Republic and Northern Ireland boomed in February, although imports from Great Britain were hit hard.
The Sun ... "we made our calculations on retail prices, when tariffs are actually applied when goods arrive in the UK. There were also mistakes in the calculations for individual items." / "The article also stated that we pay trade charges on more than 13,000 items from outside the EU. In fact, for many of these goods, no tariffs or charges are payable."
Five years ago today, a vote took place which sent shockwaves around the world. I’m talking, of course, about the Brexit referendum.
Meanwhile, in the real world, we have seen a catastrophic slump, by 41%, of all our exports to the Continent. / Trade between Welsh ports and Ireland (which remains in the single market) has seen a decline of 50% in Holyhead, and 40% in Pembrokeshire.
The 2016 referendum, which resulted in a narrow win for those campaigning to leave the European Union, has posed perhaps the most complex set of questions ever faced by a peacetime government.
The political implications of a no deal outcome threaten to be every bit as significant as its economic fallout, Anand Menon and Jonathan Portes write.
The report shows that no deal will not “get Brexit done” rather, it will usher in a period of prolonged uncertainty for citizens, workers and businesses, which is unlikely to be resolved anytime soon, our new report, No deal Brexit: issues, impacts, implications, reveals.
The UK risks "crashing out" of 40 trade agreements spanning five continents in the event of a no-deal Brexit, a business organisation has warned.
'There is a very real risk that a disorderly Brexit will lead to an immediate reliance on overseas imports, produced to lower standards, while many UK farms struggle to survive,' NFU says
Pascal Lamy, who was director general of the WTO, between 2005 and 2013, said there was a stark choice for the UK between 'minor' and 'great' trade relations with the country’s largest trading partner.
New data from the Office for National Statistics show the UK imported £222 billion worth of goods from the European Union last year after Brexit.
Non-Tariff Barriers (NTBs) are the main policy impediment to international trade, yet little is known about their pass-through to prices. This paper exploits the Brexit trade policy shock to quantify how NTBs affect consumer prices and welfare. The increase in NTBs raised prices by 6%, implying a pass-through of 50-80%.
North East businesses have had difficulty trading with the European Union since Brexit, according to a new survey.
A Northern Ireland minister has threatened legal action against the UK and the EU over post-Brexit trading arrangements.
UK Prime Minister Rishi Sunak and President of the European Commission Ursula von der Leyen have announced they have reached a new deal, aimed at fixing post-Brexit problems in Northern Ireland.
Lords committee warns uncertainty over trading rules may add to economic damage of crisis.
NORTHERN IRELAND SECRETARY Brandon Lewis has been questioned by MPs from the DUP and Labour over Boris Johnson’s previous statements that his Brexit deal would not result in checks between Northern Ireland and Great Britain, and how they may have fed into unionist and loyalist frustrations and anger in recent days.
Northern Ireland is divided on the region’s post-Brexit trading arrangements, a poll suggested.
The fall-out from Brexit continues to "complicate trade and hamper growth" in the north's construction sector, according to the latest industry barometer from Aecom.
The bosses of some of the most prestigious names in British interior design plan to shift operations to Europe after Downing Street snubbed their concerns about “severe” Brexit trade barriers.
New Zealand now stands between the United Kingdom and its hopes of entering the Comprehensive and Progressive Trans Pacific Partnership Trade Agreement (CPTPP).
THE UK has “missed out on much of the recovery in global trade” following the pandemic likely as a result of Brexit, the Office for Budget Responsibility (OBR) has said.
Having left the largest internal market in the world, the search is on to give the impression that there are many new trade partnerships out there to compensate for the already very real loss of cross-Channel trade. / At the moment, Britain’s trade with the CPTPP countries is less than our trade with Germany alone.
More than one in four small British exporters have stopped sending goods to the EU since the end of the Brexit transition period on 1 January over frustrations about the amount of new red tape, according to a new survey.
“We want to use GATT Article 24” means “We want a free trade agreement in goods that complies with WTO rules”. It doesn’t say much.
More than three quarters of small businesses that export to Europe say the EU trade deal has not helped them grow sales.
One-in-five firms that do business in the EU have stopped trading with the bloc since the end of the Brexit transition period, according to a new survey.
Almost one-in-four British exporters are planning on reducing their activity in the EU or eliminating it out entirely post-Brexit, according to a new survey.
Online deliveries from the EU to the UK have divebombed by more than 50 per cent since January as Brexit regulations stop shoppers from buying abroad.
A new report from e-commerce shipping platform Sendcloud has revealed that online deliveries from Europe to the UK have fallen by 50.7% in the first quarter of 2021 compared with Q4 2020, with new shipping requirements and additional VAT charges brought about by Brexit affecting the number of parcels being shipped to the UK.
EXPORTS of UK goods to the European Union dropped by more than two-fifths in January as the Brexit transition period came to an end.
BREXIT has slashed Scotland’s exports to the EU, pushed large and small firms to the brink of bankruptcy, created job losses, cost millions in lost orders and left fresh produce rotting in queueing lorries unable to get to European markets in time. And ironically the area of the UK to suffer most from Brexit is the area which wanted it least: Scotland.
IN September 2019, the UK Government made public its list of “reasonable worst case assumptions” in the wake of a no-deal Brexit.
Liz Truss has been accused of refusing to answer questions about post-Brexit trade with Europe at the despatch box.
Trade board and certification body call for improved contingency plan to avoid potential nine-month trade delays.
Sky's Ian King explains why the company, which cut over 1,000 jobs in response to the pandemic, is again having to slash costs through job losses.
The UK egg industry has reacted with disbelief that import tariffs on eggs and egg products are to be phased out following the government announcement that the UK is set to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Kirsty Wark interviews Pascal Lamy, former EU trade commissioner and former director general of the World Trade Organisation.
The deluded fantasies of the Brexit elite are finally being exposed by the way the real world actually works.
An overwhelming majority of Brexit voters back closer ties with Europe on "mutually beneficial" areas such as trade, new polling has revealed.
A "perfect storm" of Brexit, covid and poor macroeconomic fiscal policies by the Conservatives has weakened Britain's economy and diminished the UK's standing in Europe, says economist Duncan Weldon.
The UK government has delayed putting in place checks on goods four times after it agreed to do so with the EU as part of its post-Brexit trade agreement.
Visa and Mastercard's proposal to raise scheme fees and U.K. interchange rates on cross-border transactions post-Brexit has increased pressure on regulators to cap them, and on merchants to seek alternatives.
EU and UK businesses will face ‘inevitable’ extra costs while the post-Brexit trade deal remains in place, European Commission Vice-President Maroš Šefčovič warned on Monday (12 June), playing down the prospect of a major overhaul of the agreement.
Britain's trade agreement with Japan - the first major such deal announced after Brexit - has been branded a failure as new figures show exports have DROPPED.
This paper examines how international trade has developed between Britain and the EU since the end of 2019 to mid 2021.
Post-Brexit red tape is causing some UK exports to the EU to grind to a halt, industry bodies have warned, as the new rules that came into force at New Year begin to bite.
January has seen Brexit set in motion for real — but for many businesses, operations have ground to a standstill as they struggle to shift goods across new borders.
More than half UK firms are pivoting toward the European Union to navigate their way through economic turbulence.
Samantha Cameron says her fashion brand is finding post-Brexit trading with the EU "challenging and difficult".
Andrew Lynas told MPs that buying mozzarella cheese from one of his long-standing suppliers in England now requires eight separate processes under the Northern Ireland Protocol.
Non-tariff measures (NTMs) could cause major fractures in post-exit trade relations between the United Kingdom (UK) and the European Union (EU), knocking up to US$32 billion, or 14 per cent, off of UK exports to the EU, according to a new UNCTAD study.
The prospect of the UK formulating its own trade policy following Brexit is likely to have implications for the existing Economic Partnership Agreements (EPAs) between the European Union (EU) and some African, Caribbean and Pacific (ACP) countries, and the UK’s future trading arrangements with the ACP.
The government has estimated a post-Brexit trade deal with the United States would boost the UK economy by 0.16% over the next 15 years.
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
The home secretary has been unable to clarify what checks will take place on goods moving between Northern Ireland and Great Britain after Brexit.
Research also reveals EU remains ‘overwhelmingly dominant’ destination for UK manufacturing exports.
In this IPR Public Lecture, Professor of Industrial Strategy at the Aston Business School David Bailey considers what Brexit might mean for the UK automotive sector, and in turn for industrial policy in the UK.
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.
Nearly a quarter of small British companies have temporarily halted sales with the European Union because of post-Brexit rules, a new survey has found.
"As every single serious economist argued, massively raising barriers with your main trade partner is an extraordinary act of self-harm."
The impact of Britain’s departure from the European Union’s single market isn’t letting up after five weeks of the new trade deal.
Boris Johnson’s Brexit is failing to deliver any benefits for Britain. It bears no resemblance to the promises made by the Leave campaign in 2016.
Jacob Rees-Mogg said there is little evidence to conclude Brexit has harmed UK trade – despite a mountain of proof suggesting otherwise.
This article is going to try to accessibly explain regulations in the context of the EU-UK trade agreement, and trade more broadly.
Negotiator and trade expert Dmitry Grozoubinski explains the reality of No Deal. / What’s in the WAB and has any May idea ever died quite so quickly? Final learnings from the EU Election campaign that everyone pretended never was. The pros and cons of milkshaking. Astroturfing for fun and profit.
There remain “substantial barriers” for UK trade with Europe, with small businesses bearing the brunt of the post-Brexit strain, according to peers.
Reuters revealed that Britain is on course to lose its status as one of Germany’s top ten trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere.
Trade secretary had dismissed predictions by Office for Budget Responsibility. / Rishi Sunak has refused to accept Brexit has damaged the UK's trade with other countries – despite the government's own figures showing a sharp drop.
The prime minister’s Windsor Framework, agreed with Brussels this year, will create ‘more burdensome’ bureaucracy for many firms than the status quo, peers said.
According to a survey out this week from the UK’s Office of National Statistics (ONS), firms are becoming more financially vulnerable amid the cost-of-living crisis.
Hauliers increasingly refusing to take loads across channel because of Brexit controls.
New direct ferry routes led to a near fivefold increase in European freight volumes passing through Rosslare Europort as Irish traders chose to bypass Britain and post-Brexit border checks.
Rules determining the country of origin of traded goods for the purpose of implementing the terms of a trade agreement re tariffs, quotas and remedies.
Putting politics aside, let us look at a more technical aspect of free trade negotiations – rules of origin (ROO).
Salmon exports fell 98% in January from year-earlier period. / Sales to Germany, Ireland, Italy down by more than 80%: FDF.
Samantha Cameron tells Emma Barnett on BBC Radio 4's Woman's Hour about the impact Brexit is having on her fashion business.
Irish consumers and retailers have reported difficulties obtaining Scotch whiskies, as several distilleries and UK retailers pause EU sales post-Brexit.
Exports to the EU from Scotland slumped by up to 25% two years after Brexit as trade with the rest of the UK rose, it has been revealed. / Scottish Government estimates show that the value of Scotland's exports has slumped by nearly £2bn since the UK exited the EU from £16.950bn in 2019, to £14.970 in 2021 - a 12% drop in two years.
EXPORTS to the EU from Scotland have slumped by over £2.2bn since Brexit.
A SLUMP in the value of fish and shellfish exports has left a Ross-shire MSP "deeply troubled" and sparked claims the setback is in part down to the Brexit effect. / New HMRC figures show fish and shellfish exports fell by £33 million between the first quarter of 2020 and 2021. The figures show a 45 per cent fall in the volume of exports over the same period.
Fresh figures have revealed the devastating impact of Brexit, with UK seafood exports to the EU almost completely wiped out amid a £700 million hit.
The Seanad Special Select Committee on the Withdrawal of the United Kingdom from the European Union will meet this afternoon to discuss the impact of Brexit on the business sector, and on trade across the island and between Ireland and Britain.
The government has offered to publish its most recent internal assessment of the impact on business and trade of a no-deal Brexit, in the face of a possible Commons defeat.
Joyce Watson, Labour regional Senedd Member for Mid and West Wales, recently asked what Wales was doing to protect its ports at the Welsh Parliament.
So is there a business case for CANZUK as a primary relationship for any of these four countries? Let’s look at where our potential partners currently sell goods and services.
There’s a whole other side of trade. A side of trade that typically doesn’t garner the headlines because its complicated, boring, and much more difficult for politicians to be photographed standing in front of. A side of trade you hear mentioned briefly as important, to much somber nodding of heads, before everyone invariably goes back to arguing about tariffs and containers.
Research published today (21 December 2021) by researchers from the ESRI and Department of Finance examines the impact of Brexit on Irish trade with Great Britain and Northern Ireland in the first half of 2021.
Levies to cover the increase in red tape, VAT and customs declarations are hitting trade to the European Union.
Shropshire Chamber of Commerce is calling for urgent action to improve trade connection with Europe, as the UK marks the second anniversary of Brexit.
Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.
Wednesday marks exactly five years on from the Brexit referendum and the country is still torn over our exit from the EU. A new poll finds that if the vote was re-run now the result would be a narrow win for Remain – by 51% to 49%.
Economy Minister Pedro Siza Vieira has acknowledged that Brexit had a negative economic and political impact on Portugal, in an interview published The Times.
UK businesses that trade with Europe are continuing to have a tough time because of post-Brexit bureaucracy, according to an investigation carried out by the Financial Times.
International trade has become increasingly challenging following Brexit and the Covid-19 pandemic, with nearly one quarter of small firms viewing Brexit as a major business obstacle between 2018 and 2021 as the UK struggled to bounce back as quickly as other countries.
For Britain's small and medium-sized businesses, trading with European nations used to be easy. After Brexit, that's no longer the case with the emergence of obstacles that didn't exist before.
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).
Sector faces ‘logistical minefield’ of customs declarations and VAT codes as stores and markets prepare to reopen.
New research conducted by the British Chambers of Commerce has found that British businesses are being hampered in their trade with the EU because of the current Brexit deal but it finds that some changes and a few "side deals" could solve some key problems.
A fall in Scotland’s exports shows the “catastrophic economic vandalism” of Brexit, according to the SNP.
NEW European trade hubs will open to counter Brexit damage if the SNP win the Scottish election, The National can reveal.
A UK cabinet row on allowing tariff free imports from Australia has exposed fears that a trade deal will destroy Scottish farming and open up another front in the independence debate.
Fox hopes for increased trade with far flung nations post-Brexit—but there’s a problem with his strategy.
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.
New study highlights increasing importance of French market for Irish exporters. / The Republic’s bilateral trade with France has mushroomed to a record €30 billion per annum in the wake of Brexit, according to a new report.
This note provides some basic statistics on the UK's trade with the EU.
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.
Steve Analyst threads a selection of videos recalling Leave campaigners' claims we future trade with the EU after Brexit.
CIVIL servants are looking at "funding streams" to support Northern Ireland farmers in the event of a no deal Brexit disrupting cross-border trade in milk and other commodities.
Many British businesses may “give up importing” as a result of new strict rules that came into force on Saturday, on 1 January, a former senior civil servant in charge of Brexit planning has warned.
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.
Four years after Brexit, government struggling to sign FTAs. / New border rules taking effect Wednesday add to EU friction.
Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. / More than six years after voting to leave the European Union, the UK is facing a prolonged recession and a deep cost-of-living crisis. Last week’s Autumn Statement heralded years of higher taxes and cuts to public spending.
Britain has “significantly underperformed” compared with the EU and US since the vote to leave in June 2016, Goldman Sachs claims.
How are UK businesses dealing with the rising costs and lead times from a double whammy of Covid-19 and Brexit?
Pressure on supply chains is set to last throughout 2022, according to Logistics UK in a report that comes at the same time as fresh issues related to trade with Europe appear, with the government proposing unilateral action on Brexit.
Three-quarters of NE bosses say Brexit is bad news for their businesses - with many suffering falling sales and rising red tape.
A Sussex company has had to let dozens of employees go after losing almost all of its business to Brexit.
In this week's Word on the Ground column, Tony Gent hits out at Brexit and what he sees as 'totally irresponsible' Government policies...
The commercial departments of Brexit-supporting newspapers know the damage being caused to the UK economy, and newspaper advertising revenues, by Brexit. Their editorial colleagues continue to support it anyway.
Taiwan objects to Britain's proposed rules for managing its trade in services after it leaves the European Union and has requested negotiations at the World Trade Organization, according to a document seen by Reuters today.
Regime change at No.10 could revive one vision of the British economy. But it remains totally unrealistic.
‘One of the biggest blows to our productivity – and a self-inflicted one – was leaving Europe’s single market,’ says Michael Day.
One in eight traders have lost business – while a quarter of small firms consider moving operations out of Britain, Dispatches reports.
The boss of a cheese firm said it was now only willing to export large orders in an effort to keep Brexit-related costs under control.
We analyse the effects of uncertainty and anticipation shocks associated with the 2016 Brexit vote as a treatment on trade between the UK and 14 EU and 14 non-EU trading partners, using the synthetic control method (SCM).
Rishi Sunak's triumphalism over solutions on Northern Ireland and migrant boats ignores the fact the issues only arose because of Johnson's flawed Brexit deal - which he endorsed.
The divorce from the EU looks set to be delayed and could be softened or even abandoned, but the cost of separation is already apparent.
David Hencke reports on the growing problems experienced by firms trading with the EU and the lack of help from the Vote Leave Government.
Shortages in the labour market, along with the vacancies in the health service, hospitality industry and agriculture, are the living evidence of this self-inflicted act
A new House of Lords report exposes the economic aftershocks of Brexit, highlights David Hencke.
But the UK’s departure means far-reaching changes for the Irish economy. We are already seeing signs of how things may shake out and the really fundamental changes it means for many businesses, for consumers and for trade.
This note summarises the evidence so far of the impacts on Brexit on Scotland. It sets out early evidence related to areas such as trade, the workforce and EU programmes.
The events of the past few weeks have burst the Ripping Yarns bubble and cruelly exposed the shortcomings of political bluster and bravado.
UK trade with the EU has fallen sharply, new figures from the Office for Budget Responsibility show.
My latest update estimates Brexit reduced Britain's GDP by 5.5 per cent by the second quarter of 2022. My model avoids the cherry-picking of data, and performs better than its critics’ methods.
We estimate that leaving the single market and customs union had reduced UK trade by 11 per cent in March 2021. That is on top of a 10 per cent hit to trade between the referendum and leaving the single market.
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.
The United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research published on Monday.
Liz Truss is campaigning as a committed Brexiter to become Conservative leader. Six years ago, her view was different. ... Her support for an “In” vote was plainly wholehearted. Her analysis was clear and, as events have shown, correct.
The Office for Budget Responsibility (OBR) predicts that, although the UK economy will almost fully bounce back from the pandemic, it's economy and eventually the jobs market will suffer for decades due to Brexit.
It was Boris Johnson’s choice to prioritise “sovereignty” over the economy – and Britain is already paying the price.
The UK government has made exporting and importing difficult and costly. Everybody who was not a Brexit fantasist saw it coming.
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.
An article written by Peter Hardwick from the British Meat Processors Association (BMPA) explains that the declining level of red meat exports between the UK and EU illustrates the new-found trade friction between the blocs.
This week I was contacted by a retired CEO of a major wine wholesaler. They, unbeknownst to me, had asked their local MP John Penrose (Weston-super-Mare, Somerset) if he thought it was acceptable that my wine business had been obliged to open a site in the EU to mitigate Brexit costs.
Why does the newspaper continue to publish Larry Elliot’s Corbynite nonsense on the EU?
The introduction of a new regulatory and customs border has made it more difficult and more expensive to trade with the EU. This impacts UK firms who import and export from and to that market.
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.
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.
Since our first post-EU referendum EFO in November 2016, our forecasts have assumed that total UK imports and exports will eventually both be 15 per cent lower than had we stayed in the EU. This reduction in trade intensity drives the 4 per cent reduction in long-run potential productivity we assume will eventually result from our departure from the EU.
Bob Hancké reports on a recent study which suggests not only that the agreement has made trade in goods between the UK and the EU very difficult, but that it has also severely limited Britain’s ability to conclude free trade agreements with the rest of the world.
A new world trade monitor published on Friday doesn't make for good reading as far as the UK is concerned, with the country's underperformance being blamed on Brexit.
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.
Sam Bright summarises the key issues with the UK’s attempts to forge new economic alliances after leaving the world’s largest trading bloc.
It’s five years since Britain voted to leave the EU – so what number should really have been on the side of the Vote Leave bus? Ben Chu examines the real impact of Brexit on the UK’s economy.
Continuity agreements are in place with a small number of countries but replicating the arrangements that Britain currently benefits from will be the overriding priority throughout the transition period - if there is one - and beyond.
"We conclude that gravity models generate estimates of the impact of EU membership on exports which are variable but for all EU members are always positive and significant."
Should the aim be limiting damage or designing a bold future? / Japanese negotiators remain skeptical about the U.K.’s ability to handle multiple FTA negotiations simultaneously / What is evident, however, is that no country wants to conclude a definitive trade deal with the U.K. without knowing the final shape of the EU-U.K. partnership.
Half a decade after the referendum, the economic hit to the UK caused by Brexit is becoming clearer. But it will be years before the true impact is understood
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.
Otto English dissects the disadvantages that a free trade agreement between the two countries would bring to the UK.
Prime minister says current system is ‘generous enough’ in a move which could hamper Delhi trade talks
Peers set to shelve trade bill in anger over threats to food safety and animal welfare - but it is essential if the UK crashes out of EU.
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.
Australians want the UK to do well. But there’s no way free trade with us or others can make up for the hit of leaving the EU.
More than one in three UK businesses (37 per cent) have lost revenue from cross-border card payments post-Brexit, according to new research.
Over the past few years, our company has been giving our customers a box of champagne as a Christmas gift.
People, businesses and communities are now paying a heavy price for a hard Brexit we never voted for, imposed by a Tory government we never voted for. / Here’s a rolling list of the impacts of Brexit.
It is only by claiming that trading 'on WTO terms' would be fine that Brexiters manage to be so relaxed about the UK leaving the EU without a deal, but the WTO does not ensure the removal of all barriers to trade.
Nearly one in five British company directors polled said their businesses had halted trade with the European Union in January due to Brexit, of which nearly half said this would be permanent, although the figures were much lower for pure goods traders and manufacturers.
Just under three in four British exporters believe the UK-EU post-Brexit trade deal is not helping them increase sales, according to a new survey from the British Chambers of Commerce (BCC).
Trade body Make UK said 90% of businesses felt post-Brexit trading arrangements were still disrupting trade.
How has the Leave vote affected the UK economy, ask Swati Dhingra and Thomas Sampson (LSE) in this second of two blogs based on the CEP Election Analysis briefing on Brexit.
Difficulties with logistics, trade with Northern Ireland, and the time and cost to fill out customs and due diligence paperwork are adding pressure to an already tight timber supply chain, a survey by the TTF has found.
As our prime minister and the no-deal zealots of his cabinet revel in Brexit brinkmanship it is worth recalling the legal realities of what threatens to be our post Halloween world.
One of the most influential business groups in the U.K. is convinced that Brexit is causing “structural” damage to many U.K. companies by reducing trade and increasing costs.
ONLY as an independent nation can Scotland secure a fair, strong and equal recovery say the SNP after new figures revealed the impact of Brexit and the pandemic on trade.
A CERTAIN dreary and dismal familiarity has developed around the Tories’ desperate efforts to secure trade deals with countries outwith the European Union, having decided to turn their back on the UK’s biggest export market.
Steve Barclay was forced to deny reports the UK Government is considering adopting a Swiss-style relationship with the EU.
A TORY candidate standing in the north east has been slammed for describing the Brexit chaos which has caused devastation to fishing communities as a “hiccup".
Conservative rebels have failed in their bid to prevent ministers from signing trade agreements with countries implicated in genocide following Brexit.
The UK worries about being “trapped” in a backstop – but can’t present an alternative. / Toxic language is defining the Brexit debate. It is turning an intensely complex and complicated subject into something being argued over emotionally, certainly in the UK.
Imports from Northern Ireland to Ireland up 23%, while trade in other direction increases by 42%.
The government will not be able to conclude a large number of trade agreements at speed and maintain its much-prized regulatory autonomy after Brexit. The report says prospective trading partners are likely to tell the UK to change its standards if it wants a trade deal.
TRADE has nosedived in Wales as a result of Brexit, a shipping operator has revealed.
Imports to Ireland from Great Britain dropped by more than €900m in January following the end of the Brexit transition period.
Non-disclosure deals would bind those joining expert trade advisory groups for at least seven years, Sky News has learned.
I'm a former trade negotiator at the WTO and other places for Australia. Explaining trade accessibly is my only party trick.
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.
Increased friction in trade and travel with Europe is a product of "political choices", a Welsh minister has said.
It was “always inevitable” that Brexit would have an impact on UK trade with the rest of Europe, chancellor Rishi Sunak has admitted.
This issue of Commonwealth Trade Hot Topics analyses ‘Brexit’ – the UK’s departure from the European Union (EU) – and shows that the effects for some Commonwealth countries may be severe unless specific actions are taken to avoid this.
The EU Goods Sub-Committee publishes its report on what the EU-UK Trade and Cooperation Agreement (TCA) means for trade in goods.
Trade Secretary Kemi Badenoch is facing criticism after citing the UK's poor trading performance under her watch as evidence that Brexit has not had a negative impact on UK trade.
However, data shows negative impact of leaving EU on trade between republic and Great Britain.
Trade Talks is a lively and popular podcast about the economics of trade and policy.
Trade from the UK to the EU is down 16% on the levels anticipated if Brexit had not happened, research has found.
Bounceback from January’s collapse in exports may have stalled, expert warns.
Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin.
According to new figures from Danmarks Statistik, Brexit has had a negative impact on Denmark’s trade with the UK. / The figures revealed that between December 2020 and January 2021 the value of exports of Danish goods and services to the UK fell by 24 percent.
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.
1 February 2020 marks the first anniversary of the entry into force of the EU-Japan Economic Partnership Agreement (EPA). In the first ten months following the implementation of the agreement, EU exports to Japan went up by 6.6% compared to the same period the year before.
Unexpected Brexit bureaucracy is ensnaring products ranging from shellfish to jumpsuits.
Trade and investment relations with Africa are increasingly important to the European Union’s strategic goals
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; ...
The Trump administration has made it clear to Boris Johnson that any post-Brexit US-UK free trade deal would rely on Britain dropping plans to tax large American tech firms, according to reports.
About one consignment in every 200 rejected due mostly to incomplete paperwork.
A decline in trade with the EU was expected following the coming into force of the Trade and Cooperation Agreement between the UK and the EU on the 1st of January. Nevertheless, when the UK January trade figures were released in early March, almost unanimously commentators were surprised by the extent of the decline.
Although the pound is losing value, exports are lagging. Bureaucratic hurdles also paralyze trade. Brexit is a catastrophe in other respects too.
U.K. trade with the European Union deteriorated in the first month since the Brexit split, suggesting commercial relations between the two economies will suffer more than the British government advertised.
The U.K.’s decision to postpone border checks on goods coming from the European Union until next year has delighted the country’s importers -- but left some exporters angry.
U.K. investment of more than 1 billion pounds ($1.4 billion) to smooth the passage of goods over its new post-Brexit border failed to prevent a slump in trade with the European Union.
U.K. trade in goods took a 12.6 billion pound ($16.7 billion) hit from Brexit in October as imports and exports fell behind equivalent countries.
U.K. trade with the European Union deteriorated in the first month since the Brexit split, suggesting commercial relations between the two economies will suffer more than the British government advertised.
Trade with the European Union plunged in the first quarter after the U.K. exited the customs bloc, according to data released on Tuesday.
Faced with the unpalatable conclusion that the U.K.’s free-trade deal with Australia would further harm Brexit-hit Northern Ireland, Boris Johnson’s officials simply changed how they crunch the numbers.
Britain has asked for an extension until 2023 of a grace period on checks that would be conducted on trade moving between Northern Ireland and the rest of the United Kingdom to soften the Brexit impact on the province, the BBC reported.
A dramatic 41 per cent plunge in exports of goods to the EU in January is the first official indication of the profound impact of Brexit on UK trade.
New analysis released today (Wednesday 15 March, 2023) by the University of Sussex’s UK Trade Policy Observatory (UKTPO), reveals that UK businesses are struggling with increased costs, labour and skill issues and supply shortages and issues following the UK’s departure from the European Union.
Brexit has damaged the ability of UK companies to compete in the European Union, with businesses “banging their heads against a brick wall,” according to a survey from the British Chambers of Commerce.
UK may face seven-year wait for frictionless trade under WTO rules if it crashes out of EU.
Cars remain the UK’s No 1 export but volatile energy prices and the cost of complying with EU regulations post-Brexit are blunting the industry’s competitive advantage, the sector’s trade body has said.
Brexit is hurting the UK economy, Bank of England officials said Wednesday, even as government leaders downplay the impact of the seismic EU withdrawal.
Co-founder of Cheshire Cheese Company told by environment minister to look at US and Canada markets rather than EU.
The number of UK businesses that export has declined in the year since the United Kingdom officially separated from the European Union, according to new data from Coriolis Technologies and the Institute of Export and International Trade (IoE&IT), which find that global supply chain disruption and the impact of the pandemic are also pressuring exporters.
RED tape wrangles continue to create significant problems for many UK businesses two years after the UK quit the European Union and a year after the move was implemented.
The latest Food and Drink Federation (FDF) trade snapshot in the UK has made for sobering reading, revealing that export trade with our nearest neighbours across market segments was down by 13.1% against figures from three years ago, at £20.2 billion.
New government figures show post-Brexit slump in UK exports to Germany, France, Italy and Spain – and failure to transition exports to the US and China, says ParcelHero
Brexit could reduce the UK’s exports to the EU by -7.73 per cent by 2025, according to new analysis shared with City A.M. this morning.
Imports into the European Union from ex-member Britain fell by 18 percent in the first six months of this year, EU data showed on Friday, as post-Brexit trade relations took hold.
Sales to trading bloc down more sharply than to rest of world as businesses grapple with delays, extra costs and new red tape.
EXPORTS of UK goods to the European Union plunged by more than two-fifths in January as the Brexit transition period came to an end.
Britain's exports to Europe collapsed in January as companies grappled with new terms of trade following Brexit.
Imports into the European Union from ex-member Britain fell 18 percent in the first six months of this year, EU data showed on Friday, as post-Brexit trade relations took hold.
UK goods exports to the European Union fell 40.7% in January, according to the Office for National Statistics (ONS), while imports tumbled 28.8%.
The UK failed to secure the Brexit agreement it wanted for Northern Ireland, its negotiator has admitted – despite Boris Johnson hailing it as “a great deal” at the time.
Most forms of Brexit will worsen the country’s finances and reduce space for new initiatives to address child poverty, social care and left-behind communities that some argue drove the Brexit vote, a report has found.
15 EU trade agreements with third countries, including Canada and Turkey, still not rolled over by Britain with just 50 days until UK leaves post-Brexit transition.
UK firms that export to the EU say they are being encouraged by the government to set up subsidiaries in the bloc to avoid disruption under new trade rules.
CBI’s measure of private sector growth drops to -3 in February from zero in January.
Increases in exports to countries like China and the UAE only account for a small proportion of what Britain would have traded with the EU before Brexit.
While post-Brexit trade rules are responsible for much of the slump, changing behaviours during the Covid-19 pandemic may have worsened it.
HMRC figures released by the Food and Drink Federation (FDF) have revealed a significant fall in food and drink exports to the European Union (EU) and other international markets in the wake of the UK’s decision to leave the EU.
Food and drink exports from the UK have plummeted due to a sharp drop in trade with the EU after Brexit, according to fresh research published today.
UK food and drink exports to the European Union dropped by 75% in January, the first month of life outside the EU’s single market, according to data published by the UK’s Food and Drink Federation.
HMRC figures analysed by accountancy firm Hazlewoods indicates major decline in fruit sales to EU countries following introduction of trade barriers.
The export of goods from the UK to the European Union fell by nearly 41%
When the United Kingdom went back into a coronavirus lockdown in January, its economy shrank by less than feared in that month, but trade with the European Union (EU) was badly hit as new post-Brexit regulations were introduced.
The British economy shrank 2.9% in January as the nation was hit by a new round of coronavirus restrictions and Brexit slashed exports to the European Union
‘Considerable post-Brexit challenges” threaten to derail any economic recovery from the pandemic, say experts at Aston University.
BRITISH Chambers of Commerce yesterday flagged continuing concern over the weakness of UK goods exports to the European Union after data showed a sharp month-on-month fall in January.
Britain slides out of top five of Germany’s largest trade partners as imports fall to €32.1bn in 2021
Non-alignment with EU will mean ‘extra processes’ and not frictionless trade.
DOWNING Street has been branded “morally bankrupt” after the Foreign Secretary told officials the UK should strike trade deals with nations that do not meet European standards on human rights.
Liam Fox has agreed deals with only seven of 69 countries covered by EU arrangements.
America Letter: Congress members voice support for backstop and Belfast agreement. / This week the issue of Brexit made it across the Atlantic as members of US Congress voiced their concern about its impact on Northern Ireland.
British businesses are warning of a new wave of post-Brexit trade disruption because EU exporters are not ready for UK customs changes which start this month, and Britain's port infrastructure might be unprepared too.
“We negotiated a trade deal and instead of eliminating barriers, they created them," Michel Barnier said.
The UK lost market share in the US, Germany and China, thanks to the negative impact of the COVID-19 pandemic and Brexit chaos on trade, Reuters reports, citing a report by Aston University’s Lloyd’s Banking Group Centre for Business Prosperity.
The UK meat industry employs around 97,000 people and is worth an estimated £8.2 billion a year to the UK, including about £1.6 billion in exports. / This report examines the impact of the first three months of trading with the EU as a third country.
The British Meat Processors Association (BMPA), which represents businesses in the UK meat sector, has reported on its members' experiences under post-Brexit trading rules.
The way UK Cabinet Office minister Michael Gove has been handling exports to the European Union (EU) since the Brexit transition period ended has attracted a new wave of criticism. The volume of exports made through British ports to the EU reportedly fell by 68 per cent in January compared to the same month last year, and that drop has been largely attributed to problems caused by Brexit.
A group of lawmakers in the United Kingdom and a few business figures have formed an independent commission to improve Britain's trade deal with the European Union and the rest of the world, the Financial Times reported here.
Britain’s trade with the European Union has been dented by Brexit, with businesses facing greater costs, paperwork and border delays since the UK’s full withdrawal, a watchdog panel of MPs said Wednesday.
The UK is expected to drop out of the list of Germany's top 10 trading partners by the end of this year, official German statistics suggest.
'For Britain’s economic self-interest, as well as the wider political interests of the western community of nations, Britain should remain in the EU', Kevin Rudd argues
O'Meara's Garden Centre in Co Westmeath says the UK was their biggest source of plants after Ireland up to three or four years ago but they think within two years there will be no plants or seeds coming over the Irish Sea.
The UK’s approach to trade since it left the European Union lacks substantial objectives beyond signing as many free trade agreements (FTAs) as possible, and has now hit a dead end, according to new research from The Economy 2030 Inquiry.
The UK has recorded a record fall in trade with the EU in the first month since the end of the Brexit transition period.
The UK’s share of EU27 goods exports fell from 6.2 percent in 2019 to 5.2 percent last year, while its share of EU27 goods imports fell from 3.9 percent to 2.6 percent over the same period, according to new figures published in Germany today.
Forecasts suggest the UK will be 15 years late in hitting £1 trillion annual export target set by David Cameron before the Brexit referendum.
Cabinet Office used ‘unverifiable data’ to rebut a Road Haulage Association survey showing export volumes dropped by 68%
Britain remains on track for a record fall in living standards over the two years to the end of March 2024, despite an upward revision to growth forecasts, the Office for Budget Responsibility (OBR) said on Wednesday.
Britain is suffering from the “catastrophic” impact of Brexit and should consider a closer trading relationship with the EU, according to the Asda chair.
Britons are counting the cost of Brexit as the combination of the referendum, pandemic and energy crisis takes its toll.
The value of UK exports to the European Union plummeted by £5.6bn after the Brexit transition period ended, in the sharpest drop since records began.
Britain is due to face more disruption to its trade with the European Union when it introduces new post-Brexit customs checks on Jan. 1, the head of the International Monetary Fund, Kristalina Georgieva, said on Tuesday.
Business leaders and Parliamentarians will work together in the national interest to assess impacts on UK businesses and consumers of international trade deals and Government policy. It will make recommendations to the UK Government.
The UK’s trade deficit with the European Union widened to a record in the final quarter of 2022 as imports from the bloc jumped.
Andrew Percy attacks ‘cack-handed’ move to scrap import tariffs if UK crashes out in October – triggering Ottawa’s refusal to ‘roll over’ existing EU deal.
“Furthermore, exports likely will continue to struggle as external demand in key trading partners softens and Brexit frictions remain in place.”
BREXIT, according to its backers, was meant to create endless opportunities. So far, however, the UK has failed to make the vote profitable, with the prospect of "global Britain" quickly fading according to recent data.
The UK’s goods trade is lagging far behind the rest of the G7, while services are booming.
Government figures showing a bounceback in February rightly come with a health warning.
Official figures confirmed a 41% drop in trade during the first month after the end of the transition period - with officials saying there was evidence disruption from new customs arrangement was behind some of the fall.
ONS figures could be a sign that the UK is losing its overall competitiveness, say experts.
U.K. trade with the European Union plunged in January as Britain’s departure from the bloc and widespread coronavirus restrictions dealt a double blow to the nation’s struggling economy.
U.K. trade with the European Union plunged in January as Britain’s departure from the bloc and widespread coronavirus restrictions dealt a double blow to the nation’s struggling economy.
The ONS revealed that total trade in goods with EU countries tumbled by 23.1% in the first quarter compared with three years ago.
There are concerns in the EU that the UK had not yet fully complied with the terms of the earlier Brexit divorce deal and stressed that “vigilance” would be required in future. / “Exports to our biggest market, Ireland, have also dropped more than two thirds." - Dominic Goudie, FDF
Tariffs will be cut to zero on 87% of imports to the UK as part of a temporary no-deal plan but prices of some imports including meat, shoes, underpants and cars will go up.
A British wholesaler who supplies the UK retail market is moving his business to the South of France in order to mitigate Brexit redtape, which he says has cost his business £150,000.
UK ‘failed to fulfil its obligations’ to stop Chinese companies flooding market with cheap clothes.
The import of apparel by the United Kingdom was badly hit by Brexit and the COVID-19 pandemic. The value of UK’s apparel import has been declining from 2019, when it became imminent that Brexit is going to take place.
According to the Office for National Statistics (ONS), within the last quarter of 2022, the UK imported about £33billion more than it exported to the EU. / This is the worst performance of the UK export trade balance since records began in 1997. / This is a shocking testimony that Brexit has caused fundamental deep-rooted damage to British exports.
Spending watchdog claims ports and businesses are not ready for 1 January, with Northern Ireland a big concern.
First official snapshot comes after collapse of export volumes in first month of Brexit deal.
UK/European Union trade contracted in the first month of their new post-Brexit relationship, with record falls in British exports and imports of goods as COVID-19 restrictions continued on both sides.
Move comes as Britain drops rules requiring nations to sign up to conventions on areas such as torture and corruption.
The United Kingdom (UK) risks losing up to 14 per cent of its exports to the European Union (EU) in a so-called “no-deal” Brexit, according to a new study by the UN Conference on Trade, Investment and Development (UNCTAD).
There is uncertainty over whether new facilities will be built at Cairnryan Port to check goods coming from the Republic of Ireland and wider EU via Northern Ireland.
This page displays a table with United Kingdom Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.
Britain is looking to strike trade agreements following its departure from the European Union, but Mr Biden’s administration has put talks on ice.
Donald Trump’s trade representative to demand greater access for agricultural goods.
The European Union (EU) and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels.
The payments giant Visa is to hike fees for purchases made by UK-based customers from most of Europe – stoking fears of higher prices and fuelling the argument that Brexit is adding to the cost of trading with the EU.
Post-Brexit trade frictions have led to ferry freight flows between Great Britain and the Republic of Ireland dropping by 29% in the first half of 2021.
More Britons believe Brexit has been bad for the economy and trade than good, according to new polling for The Independent.
New plans for post-Brexit border checks on goods coming into the UK will deter many EU suppliers and push up food prices, a trade body has said.
Britain’s departure from the European Union has brought higher costs, more red tape and border delays for businesses, and not yet delivered promised benefits, a public spending watchdog said Wednesday.
UK trade with the EU faces "significant disruption" when the Brexit transition period ends in January, a government spending watchdog has said.
British businesses face “outright export bans” on some goods and “structural” barriers to trade with Europe including more paperwork and higher transport costs as a result of last year's Brexit deal with Brussels, a new report says.
The EU’s share of Wales’ export market has risen from 58% to 60%, despite a reduced dependence on the EU and opening up export markets with the rest of the world being a stated objective of the Brexit project.
The Welsh Government plans to take the UK government to court over a new law that sets the rules of trade between different UK nations after Brexit.
Senedd members have rejected a post-Brexit law on trade in the UK after claims it would "neuter" devolution.
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.
Theresa May's Brexit deal has been defeated by MPs and the UK is creeping closer to leaving the EU without a deal. But how does a no-deal Brexit actually affect you?
Brexiteers have been advocating this route, believing it represents the purest Brexit and would be best for Britain. But what are the WTO terms and are Brexiteers right to promise a better future for the UK under these rules? How will WTO rules affect the UK in the event of a no-deal Brexit?
With negotiations between the UK and the European Union (EU) - over a trade agreement - going down to the wire, the possibility of there being no deal is being talked about.
This means the UK would immediately leave the European Union (EU) with no agreement about the "divorce" process.
The Expert Factor takes a deep dive into how Brexit is working out – and how it might work out in the months and years ahead.
James O’Brien asked Kemi Badenoch if "she's seen a map", as he argued that the trans-Pacific alliance is a weak alternative to the EU.
Maybe it has not been explained often and simply enough why there won't be frictionless trade - even with a trade agreement. So let me try to do this: WHAT IT TAKES TO HAVE FRICTIONLESS TRADE - AND WHY WE WON'T HAVE IT WITH THE EU EVEN WITH A TRADE DEAL (thread)
The Q&A session taken from the Brexit, What leaving on WTO terms will mean, held in Trowbridge on the 26/9/2018 in front of an audience of 180.
From 1 January checks and paperwork will finally begin and EU exporters face a rude awakening.
As a European Union member, the UK is automatically part of about 40 trade agreements which the EU has with more than 70 countries. If the UK leaves the EU without a deal it would lose these trade deals immediately - worth about 11% of total UK trade.
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.
Grace periods for implementing post-Brexit checks on goods going from Great Britain to Northern Ireland are at the centre of tensions between the EU and UK.
As EU and US negotiations continue, how many deals have been made and what proportion of UK trade do they cover?
Industry body says tariffs put jobs at risk but shares in European drinks makers rise.
Explore the UK's trade relationships through interactive maps, charts and analysis.
The U.K. has warned that a no-deal Brexit risks London being frozen out of the global diamond trade.
How Britain resolves — or fails to resolve — Brexit and the terms of its divorce from Europe, is of more than passing interest to Australia.
They will, they say, be ironed out by the UK and EU as weeks and months go on. ... Lawyers who actually know about this stuff aren’t so sure.
For supporters of Boris Johnson, it’s doubly useful to pretend that international trade rules offer a free pass to a painless Brexit.
Has anyone got any genuine reasons why imperial is better than metric, I asked. I got more than 2,000 replies.
A thorough audit of the EU-UK Trade and Cooperation Agreement would foster a better relationship in the post-Brexit world we now navigate.
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.
As the June extension deadline looms, the prime minister’s priority will be to minimise damage to his personal brand and legacy.
But it won’t be straightforward to go it alone, and politicians should carefully, and candidly, set out the actual benefits of an independent trade policy.
The Windsor Framework improves the original Northern Ireland Protocol but does not resolve all its problems, a House of Lords inquiry has concluded.
The UK economy is yet to feel the worst impacts of Britain’s divorce from the European Union, senior business leaders said, in spite of Prime Minister Rishi Sunak’s recent efforts to smooth relations with the bloc.
Wrexham Lager can’t deliver to the Republic of Ireland because of Brexit, the firm has announced.
The world moved a step closer to a free-for-all in international trade as Robert Azevedo, World Trade Organisation (WTO) director general, announces he plans to quit with over a year to go on his four-year contract.
Shipping containers to the UK from Asia is now more pricey compared to sending to other mainland Europe ports, according to Xeneta, noting that historically freight rates to these areas have been the same due to the proximity of the main UK ports and the main ports in North Europe.
Michael Heseltine says Brexit will be ’high on the agenda’ if Liz Truss loses general election. / The Tories will never win back younger voters as an anti-Europe and populist party, former cabinet ministers have warned – as they called for trade links with EU to be rebuilt.
Obwohl das Pfund an Wert verliert, hinkt der Export. Bürokratische Hürden lähmen den Handel zusätzlich. Auch sonst ist der Brexit eine Katastrophe.
New government data shows rapidly falling trade with countries on the continent, reveals Sam Bright. / The UK has seen a reduction in exports to our top European trading partners equivalent to £515 million a-week, new Government data reveals.
Brexit has led to a “worrying” decline in international exports by Tayside firms, it has been claimed.
A brutal Financial Times investigation has unveiled the “all pain no gain” trading conditions many British businesses face post-Brexit.
The “idiocy” of Brexit is partially to blame for one of the UK's largest tech firms choosing to list on the New York Stock Exchange over London, the company's co-founder has warned.
Hidden in the small print of a technical document published by the Department for International Trade is an admission that officials could have juiced up the figures.
Collapsed trade talks, new border checks, 14-hour queues at the border and medicine shortages... it's just another day in Brexit land.
Lucrative services sector cannot prepare for potentially huge new obstacles to trading in the EU – because it is ‘not sure what to prepare for’.
In its report published today the Public Accounts Committee says that since the end of the transition period on 31 December 2020, UK trade volumes been suppressed by the impact of COVID-19 and wider global pressures “but it is clear that EU exit has had an impact, and that new border arrangements have added costs to business”.
While large multinationals may be able to ride out the economic turmoil on the horizon, some smaller firms have more to worry about.
"There is no question of there being checks on goods going NI to GB or GB to NI," the prime minister said. / A clip of Boris Johnson promising there would be no checks on good going from Great Britain to Northern Ireland under his Brexit deal has been doing the rounds on social media after it was shared by lawyer Peter Stefanovic.
Since Brexit, this business consultant is having to fill “93 to 102-page documents” to get products to companies in Europe, with the shipping taking up to six months.
"As far as trade is concerned, things are panning out in the manner once stupidly dismissed as “Project Fear”. And we will be poorer as a result."
As the price for purchasing and selling goods to the EU sky rockets, consumers and businesses across the country are now feeling the strain of a post-Brexit UK.
What was claimed: The UK has secured new free trade deals with over 70 countries since 2016, worth over £800 billion in new global trade. / Most of these deals were rolled over from existing EU agreements following Brexit. The figure refers to the total value of trade between the UK and countries it has agreed trade deals with—not the value that they add.
The aim of this briefing is to describe what happens under WTO rules if there is ‘no deal’.
Rachel Donald looks at how the Trade Minister’s justification for a zero-tariff trade deal with Malaysia only accelerates global deforestation.
Businesses have slammed post-Brexit trading rules, reported The Guardian. / One described life outside the trading bloc as “the same nightmare week after week”.
Exporters fear Northern Ireland protocol row will spur trade war with Brussels, making an already difficult job even harder
On fifth anniversary of referendum, nation still deeply divided by decision to leave EU.
Amid acute political uncertainty and the upheaval of Brexit, the movement of goods on the island of Ireland has been transforming and seeing a significant boost.
Former No 10 chief of staff says it is ‘dishonest’ to pretend Brexit deal has not added costs to trade.
International delivery firm ParcelHero says August’s £800m fall in EU trade adds to the UK’s economic woes.
Brexit has cost the UK a staggering £33bn in lost trade and investment, according to a new study that found the economic damage is even worse than previously feared.
“We need to export to our biggest and most obvious market which is 20 miles across the Channel” / This #bbcqt audience member who trades with European countries says his business is “hanging in there”, claiming Brexit is a “disaster for our economy”.

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