Wales and the rest of the UK should re-join the single market to undo the economic damage caused by Brexit, Plaid Cymru has said.

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

Two years after Britain’s departure from the European Union, bosses of UK businesses are reeling from the cost of Brexit, including some who voted to cut ties with Brussels.

Closures in 2020/21 follow 856 restaurants shutting down the year before.

“You bring Brexiters on, you never challenge them. You let them talk utter rubbish about Brexit. Year after year after year.”

It appears HM Treasury has realised bringing in a measure that will so obviously lead to higher food prices is not a good idea when the country is in the grip of an inflation spiral.

Huw Pill said Brexit has reduced trade between the UK and Europe which has had a knock-on effect on labour, productivity and prices.

If Britain ends up in the recession expected by the Bank of England, public anger will be looking for an outlet. / I asked Albrecht Ritschl, professor of economic history at the LSE, what single move the UK government could make to alleviate the pain. “Suspend Brexit for 20 years.”

London: British Prime Minister Boris Johnson has ordered ministers to slash one in five public service jobs to free up billions for tax cuts.

The Prime Minister has used the Tory conference to downplay the societal and economic impact already being felt around the UK by leaving the European Union.

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.

Brexit is partly to blame for historically high inflation in the UK by causing labour shortages, strengthening pricing pressure among firms, and weakening the economy, Bank of England chief economist Huw Pill has said.

Brexit added £210 to the average household food bill in the two years to the end of 2021, new research suggests.

Fruit and veg supply could be ‘in trouble’, says NFU – citing added costs of Brexit and Ukraine war.

The independent Office for Budget Responsibility has calculated that the scarring effect of covid lockdowns on the UK economy is only half of what it has cost the UK to leave the European Union.

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.

A Brexit border control post in Holyhead is set to shrink under plans for a lighter touch system using more data and technology. In May, the UK Government delayed introducing more checks on EU goods entering the UK for the fourth time over fears it will impact supply chains and add to rising inflation.

Britons must look at themselves calmly and honestly, recognizing the tough times that lie ahead and the changes needed to get the country back on track. Unfortunately, the country's political leaders remain unwilling to treat voters like grown-ups.

The UK has "significantly underperformed" compared to the European Union and the US since the referendum in 2016, new Goldman Sachs analysis shows.

Economists say border costs added £7 billion to grocery bills. / Study comes as ONS data shows food prices driving inflation.

Business chiefs say new red tape could reduce shelf life of fresh produce by one-fifth. / A group representing 30 major business bodies said the new requirement to notify the British authorities a day before European goods are sent would lead to big delays.

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.”

Adam Posen, a former Bank of England policy maker, said most of Britain’s inflation problem stems from Brexit and that he’d vote for a half-point interest rate increase to curb an upward surge in prices.

WELL, the cat is out of the bag. Brexit visionary Nigel Farage has finally admitted the truth – that Brexit has been an unmitigated disaster for households and businesses across these islands.

LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average.

New research by the London School of Economics (LSE) has revealed that British households have incurred a £7 billion ($8 billion) cost since Brexit due to trade barriers affecting food imports from the EU.

Extra trade barriers created by Britain's exit from the European Union and subsequent trade agreement have added 6% to the cost of food, researchers from the London School of Economics and other universities estimated on Wednesday.

Real household incomes have fallen by 0.5 per cent over past two years amid pound’s slide and welfare cuts.

Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.

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.

System working ‘broadly as Leave advocates promised’, say think tanks’ report. / Post-Brexit immigration rules have led to a shortfall of around 330,000 workers in the UK and had helped fuel inflation, according to top economists.

The UK's economy is 5% smaller than it would have been if it had chosen to stay in the European Union, according to an analysis by Goldman Sachs.

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.

GIVEN the ruling Conservatives’ seeming penchant for pulling the wool over the electorate’s eyes on Brexit, it was heartening last week to hear Mark Carney deliver some home truths.

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation.

Bank of England policy maker Catherine Mann waded into the Brexit debate, blaming UK’s departure from the European Union for adding to inflation. / “However, the UK has also been affected by a third type of shock which makes it unique: no other country chose to unilaterally impose trade barriers on its closest trading partners,” she added.

Manabu Tamaru is shorting UK bond futures on expectations the nation will continue paying a hefty inflationary price for its divorce from the European Union.

Public opinion shifted against Brexit after a deluge of damning evidence on economic costs.

Mark Carney says there is ‘no joy’ in laying this out as ‘people are having to live with that reality’.

Proposed restrictions on post-Brexit trade will pile costs onto consumers, representatives of the UK’s fresh produce industry warned.

Brexit is fuelling Britain's cost of living crisis, according to the former Deputy Governor at the Bank of England Sir Charlie Bean. / Interviewed by BBC Radio 4 on Thursday, the economist said inflation appeared to be "worse" in Britain compared to other European countries.

Jacob Rees-Mogg has admitted that cutting public services was a prime reason for Brexit.

UK’s exit from EU helped fuel inflation crisis, says top US economist Larry Summers.

The former chancellor said Vote Leave misled people by saying the UK would be better off in financial terms outside of the EU.

From the outside, nothing much has changed yet. From the inside, however, the UK has undergone a radical and at times ugly transformation. The June 2016 referendum has helped set off a chain of events that has impacted many aspects of life in the country.

31 January marks the two-year anniversary of the UK’s official withdrawal from the EU. Investment Monitor examines how hard Brexit has hit the UK economy so far.

The Allianz Trade economic insights paper said post-Brexit import charges would add a £2billion bill for Britons and push up inflation.

Now that Brexit has been ‘done’, the British government is refusing to talk about it. But the rapidly escalating crisis in the UK has everything to do with the country’s departure from the EU. The opposition, meanwhile, has gone awol.

From NHS staff shortages to export woes, the effects of the 2016 vote are still being felt.

The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.

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.

Britain has delayed imposing its full post-Brexit import controls on goods from the European Union again, pushing it back until the end of next year, saying it did not want to add more fuel to fast-rising inflation.

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.”

With its economy in tatters, England is not having its finest hour. It is a time of transition for the United Kingdom... /

Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.

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.

The clip was filmed in 2018 as part of a three-part documentary on the US embassy called Inside the American Embassy.

Inflation is rising, worker shortages are grinding us down and consumers are hurting, but No.10 is introducing measures which will make the situation worse

The threat of persistent inflation is bigger in the UK than in Europe and the US, a Bank of England rate setter has said. / Megan Greene warned that the UK had faced a “double whammy” in dealing with both a tight jobs market and a trade shock. / She said that the supply side of the market in the UK had been left weaker than in the US in recent years because of Brexit and the pandemic.

The idea of Brexit as a force for reordering British society expired with Boris Johnson’s resignation speech, Peter Thal Larsen says.

Former Bank of England governor Mark Carney has doubled down on his claims Brexit has taken a toll on the pound and sparked higher inflation.

A town hall will need to stump up an extra £38m for its new wave of council homes due to soaring costs.

Senior Tory Simon Hoare tells i that ripping up Brexit deal in a cost of living crisis would not be ‘grown-up statecraft’.

Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.

THE former CEO of Sainsbury’s has been clear about what initially caused the cost of living crisis – telling Sky News that Brexit is to blame.

The UK has experienced a sharp slowdown in income growth while inflation has risen, warns the Resolution Foundation think tank.

Three food parcels are handed out to struggling households every minute, as Tesco boss warns worst of supermarket price rises are ‘yet to come’.

The UK’s final post-Brexit border checks will cost food importers hundreds of millions of pounds under the government’s own internal estimates, adding to upward pressure on inflation.

Mark Carney, who ran the central bank until March 2020, said the UK’s decision to leave the EU had devalued the pound which put upward pressure on inflation.

Former Bank of England head blames Brexit for UK inflation

Bruno Le Maire is the French opposite number to chancellor Kwasi Kwarteng.

The government’s chief illusionist waves his bureaucracy-busting wand at the British state and suggests some services may be surplus to requirements.

...a combination of supply chain problems, Brexit, inflation and unseasonably warm weather ended with Hunter Boot going into administration, the UK’s version of bankruptcy.

Food and drink firms are seeing "terrifying" price rises, a sector trade body has said, warning of a knock-on effect for consumers.

Current financial woes ‘bear out warnings of Remain side in EU referendum’.

Britain has been an object of international derision in recent months. / Britain, said some outside observers, had turned into an emerging market — even a banana republic. But why has a country, traditionally renowned for its stability, been engulfed by such turmoil? / Brexit is the reason, according to critics of Britain’s departure from the European Union.

A number of Labour MPs believe there is a palpable shift in public opinion on Brexit due to comparatively worse inflation figures in the UK to Europe and ongoing issues with the trade deal with Brussels.

It comes after a searing article by former chancellor Philip Hammond about the PM.

Labour shortages, Brexit red tape and the war in Ukraine will lead to further increases in construction costs in the UK, according to a major survey.

The inflationary clouds that have been building over the UK manufacturing industry have finally burst, with a dramatic fall in demand creating the sharpest reduction of new orders since May 2020.

As we recover from the pandemic, the impact of Brexit – which we voted resoundingly against in Scotland – is becoming clearer by the day.

Firms will have to pass on extra costs of red tape, warns Fresh Produce Consortium.

Ministers have today played down concerns that fresh post-Brexit red tape on food and drink imports will harm consumers. / The long-delayed new rules are part of the UK Government’s introduction of a series of checks that came into force today (January 31).

Worst case forecast ‘now less severe’ but Britain could still face soaring unemployment and inflation, says governor.

Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact

Labour says the government "fiddling while Rome burns" as business groups complain they were ignored.

The expansion of the UK's manufacturing sector slowed to a seven-month low as inflation ate into household spending and exports dropped in part due to Brexit.

With inflation set to rise, alongside the cost of shopping and transport, the economic fallout will squeeze Britons’ budgets.

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 move has been dubbed "the most explicit acknowledgement by the UK government that Brexit trade barriers are inflationary."

Forcing all UK supermarkets to put “not for EU” labels on meat, dairy and plant products in a move to assuage the concerns of unionists in Northern Ireland will force up prices and undermine the war against inflation, ministers have been told.

Post-Brexit checks on fresh farm produce coming to the UK from the EU have been delayed again, the BBC understands. / New import controls on EU food products had been due to begin in October. There is concern that the extra checks on imported goods will push up prices and fuel inflation.

Two thirds of voters including a large number of Leavers say leaving the EU is contributing to rising supermarket prices and high inflation.

A 0.2% contraction between April and June was weakest since fourth quarter of 2012.

If inflation stays high, will the PM be honest enough to agree with the Bank of England that leaving the EU is partly to blame?

As small businesses crumble, shelves get emptier and the care-worker shortage intensifies, life outside the EU is having a dire effect on many of us. Why aren’t politicians talking about it?

Superdry chief executive Julian Dunkerton has become the latest company head to warn of the possible risks from Brexit to British companies.

Iain Overton examines the lack of consequences for the Brexiters that promised us sunny uplands.

TJ Coles reviews the ways in which leaving the EU has made Britain poorer.

Across the world, there is incomprehension at what we have done to ourselves.

The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.

This week, Rishi Sunak talked of building 'an economy that embraces the opportunities of Brexit'. Here's 5 mins on Brexit's impact on the economy so far.

Rejecting expertise and skill in favour of loyalty was always going to lead to this.

Tearing up Northern Ireland protocol ‘will spark trade war, drive up inflation and damage UK influence’, warns senior Tory MP.

U.K. inflation is likely to stay higher for longer than that in the U.S. and other countries in Europe due to factors including labor-market pressure caused by the country’s exit from the European Union, Jefferies says.

Government source reportedly says there are concerns extra red tape could fuel further inflation.

The Institute of Directors' economic confidence index for July, measuring business leaders’ confidence to invest in the UK, has barely improved since June.

Moody’s say downgrade from ‘stable’ was driven by political instability and high inflation.

Decision to leave shrank the British economy by reducing growth and spurring higher inflation, economists say.

Britain's economy risks stagnation and sticky inflation over the coming years due to persistent supply-chain bottlenecks and headwinds from Brexit, the National Institute of Economic and Social Research (NIESR) think tank warned on Tuesday.

THE price of UK home insurance has rocketed while rates in neighbouring EU countries have remained far lower, new research has shown.

Former Bank of England policymaker Adam Posen insists 80% of high price growth is due to Britain leaving EU.

Egg shortages ‘just the start’, says NFU – warning tomatoes, cucumbers and pears could become scarce.

THE UK will suffer the worst recession of any of the world's top economies as Britain's painfully high rate of inflation is exacerbated by the effects of Brexit and the UK Government's untargeted energy support scheme, a new report has found.

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity.

World-renowned economist Adam Posen reveals some tough truths about Britain’s situation.

The economic fallout from leaving the EU is becoming all too apparent.

Prices rose by 25 per cent from December 2019 to March 2023, compared to a 17 per cent projection had Britain stayed in the EU single market.

FARMING is an issue close to my heart and is an area which deserves far more attention than it gets.

As with another self-inflicted economic injury in the 1920s, Britain is struggling under a burden that could be reversed.

Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.

A brutal Financial Times investigation has unveiled the “all pain no gain” trading conditions many British businesses face post-Brexit.

Next boss, thinktanks and unions criticise Boris Johnson, saying ‘shortages cannot be blustered away’

Labour shortages have made inflation more persistent, Joost Derks said, putting Britain's economy in a slippery slope.

"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.

@AdamPosen is speaking with @lizzzburden about food prices and inflation at #EconafterBrexit