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VisitBritain confirms slowdown of visitors from EU due to Brexit uncertainty. / A Brexit pledge that Britain would “out-compete other major tourism destinations” has fallen flat, with inbound travellers’ spending falling sharply in 2018.
Britain is already heading for the worst coronavirus-induced slump of any major economy. Now fears are rising that businesses could be slammed by a second body blow this year — the failure of trade talks with the European Union.
Far from minimal disruption, the full impact of leaving the EU may take 15 years to appear.
Already we are seeing clear signs. Businesses are once again increasingly quoting Brexit as their major challenge. Exports to the EU are down.
OFFICIAL figures showing UK exports fell by more than £1 billion in August once again highlight the “devastating impact” of the Tory government’s Brexit deal, the SNP have said.
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.
Stock has been hit over the last few years by global supply chain issues, material shortages, the EU exit and the coronavirus pandemic.
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.
Businesses are holding out hope for calmer times to come as Brexit has continued to cause disruption in supply chains.
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.”
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.
Lincoln-based insulation manufacturer and supplier, SuperFOIL Insulation, says it has lost a quarter of a million pounds revenue as a result of Brexit.
The number of European Union nationals who are living in the UK has fallen dramatically, figures show today.
Five years on from the Brexit referendum new research by jobsite Indeed has found UK employees in the lowest paid jobs have been most negatively affected by the decision to leave the EU.
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average.
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.
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.
BREXIT is making the cost of living crisis even worse after new figures revealed UK exports to the EU plunged by £20 billion last year, the SNP has warned.
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.
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.
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.
Northern Ireland has been hardest hit, with exports to the EU falling by a third between 2018 and 2021, analysis of official figures shows.
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.
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.
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.
Analysis by the Office of National Statistics shed light on Britain’s contribution to the EU budget
As London gradually unlocks, its hospitality sector is slowly waking up. / But there’s a familiar theme evident throughout this enormous industry: thousands of Europeans who used to work here have moved on.
Business owners have blamed Brexit for a staffing crisis on Edinburgh’s Royal Mile as the tourist season is set to get under way.
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.
China has overtaken Germany to become the UK's biggest single import market for the first time since records began.
The collision of the pandemic and leaving the European Union (EU) has tipped an £18bn loss in travel services trade, according to the latest figures.
The United Kingdom has passed the point of no return. It has less than six months to reach a new trade deal with the European Union or risk heaping more pressure on companies that are already laying off tens of thousands of workers because of the coronavirus pandemic.
Exports recovered in February compared to the previous month, but "that is setting the bar exceedingly low".
The latest Government Business Insights report reveals that the transportation and storage sector has been hit hardest by Covid and Brexit. / ParcelHero says the shock result shows that more supply chain companies have closed and fewer surviving firms are currently trading than in any other sector.
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.
Last update before Thursday's election reveals flat growth in the UK's GDP for October and the last quarter
The number of European Union citizens moving to the UK has fallen by up to 90 per cent since Brexit, according to Office for National Statistics estimates.
More than 145,000 EU citizens leave UK as non-EU net migration hits highest level since 2004.
Fall of 40.7% comes as UK economy in January shrinks by most since first wave of Covid pandemic.
Fall in imports and exports not due to ‘teething problems’ or Covid, says expert.
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.
Reminders of when Boris Johnson promised cheaper household gas bills if Brits backed Brexit have been making the rounds on social media today on the back of new inflation figures published today.
ONS figures show GDP fell by 0.3 per cent in April, with all three main sectors suffering a fall in output for the first time since January 2021.
Grant Shapps has stressed the importance of post-Brexit controls on work visas after government sources confirmed that ministers are braced for a record increase in immigration figures this month.
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.
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.
Businesses in Cumbria’s hospitality sector fear a perfect storm of Brexit and coronavirus mean they face losing out on potential trade when lockdown eases.
Perceptions about post-Brexit Britain, new visa rules and the pandemic have combined to make it more difficult to recruit EU nationals to some construction roles. What is the industry doing about this?
Forecasts of the economic hit caused by Brexit from the UK’s budgetary watchdog are wrong, according to chancellor Jeremy Hunt.
The figures were released by the Office for National Statistics.
Food and drink firms are seeing "terrifying" price rises, a sector trade body has said, warning of a knock-on effect for consumers.
UK goods exports to Ireland fell by 13% in the first quarter of 2021 compared to the same period last year.
Jeremy Hunt has denied that the decision to give some overseas construction workers easier access to UK jobs was a "betrayal of Brexit".
Analysis: trade could be a drag on recovery for years to come rather than the high-octane propellent the government promised.
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.
With reliance on EU products returning to pre-Brexit levels, closer supplier ties will be essential to managing uncertainty in the market, writes Pablo Cristi Worm.
Net migration in the UK hit a record high of 606,000 in 2022, almost double the level seen before the UK voted to leave the EU in 2016.
Post-Brexit import checks due to be introduced this autumn are predicted to cause "a shock in the system" with the price of meat and dairy seeing another spike on top of recent inflation.
Of those who migrated to the UK in 2021, EU citizens accounted for just 5 per cent of the number of visas issued.
'The weak pound and the uncertainty over Brexit are likely to be prime explanations' for decline, think-tank says.
The number of people who have decided to give up their UK citizenship has increased since the country decided to leave the EU, data obtained by the Independent has shown.
Survey of impact of supply chain crisis in past fortnight also finds 15% could not buy fuel.
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.
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
A quarter (26%) of medium and large firms have been affected by supply chain disruption due to Brexit and coronavirus, according to ONS figures.
"As every single serious economist argued, massively raising barriers with your main trade partner is an extraordinary act of self-harm."
Jacob Rees-Mogg said there is little evidence to conclude Brexit has harmed UK trade – despite a mountain of proof suggesting otherwise.
SCOTLAND's economy has taken a major hit while Northern Ireland has outperformed the rest of the UK while staying in the EU’s single marker, Office for National Statistics (ONS) figures show.
STERLING took a hit today as currency traders digested the latest economic figures which suggest the chance of the UK falling into recession is rising.
Boris Johnson believed to have overruled ministers unwilling to compromise on post-Brexit immigration as forecourt queues mount
According to the Office of National Statistics (ONS), the number of EU citizens in the country on a short-term basis fell 10% in the 2021 Census, compared to a decade ago.
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.
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.
Bounceback from January’s collapse in exports may have stalled, expert warns.
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.
The Institute of Directors' economic confidence index for July, measuring business leaders’ confidence to invest in the UK, has barely improved since June.
Britain’s government insisted Thursday (24 November) that Brexit would pay off, even as new figures showed record levels of immigration six years after the country voted to quit the EU.
A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show.
The UK economy saw no growth in the final three months of 2019, as manufacturing contracted for the third quarter in a row and the service sector slowed around the time of the election.
The contraction was the first since 2012 and comes ahead of the UK's planned exit from the European Union. Chancellor of the Exchequer Sajid Javid promised the "fundamentals of the British economy are strong."
Car production slumped 24% as manufacturers shut down plants temporarily in anticipation of no-deal exit from EU that did not happen.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
Britain's economy hit reverse in January on renewed coronavirus curbs while the nation's post-Brexit EU goods exports suffered a record collapse, official data showed Friday.
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
Hopes that political stability might lead to recovery dashed by Covid-19 crisis.
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
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.
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%.
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.
New Government figures released 6 May revealed many businesses are still overwhelmed by the impact of Brexit. Over 39% of importers reported they are still struggling with new customs duties and 38.6% were battling with increased transport costs.
A weaker than expected recovery from the coronavirus pandemic has left the UK as the only G7 country with a smaller economy than in early 2020, according to official figures likely to further undermine the government’s tax-cutting measures.
Rise matched by steep fall in unemployment and rise in staff on payrolls to 29.2 million.
Total retail sales fell 1.3 per cent last month from a year ago, marking the worst September since 1995 when the British Retail Consortium (BRC) and KPMG started collecting the data.
Visits to the United Kingdom by overseas residents fell 4 percent in 2018 to 37.8 million and spending by tourists and other visitors was down by 7 percent at 22.7 billion pounds, official statistics showed on Monday.
The UK has seen investment from overseas collapse in the past two years, underscoring its diminishing allure as a global business destination since Brexit, revised United Nations data show.
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 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.
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.
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.
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.
The ONS revealed that total trade in goods with EU countries tumbled by 23.1% in the first quarter compared with three years ago.
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.
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.
High cost of entry under immigration overhaul will put off applicants, says thinktank.
Sir Richard Branson has blamed growing post-Brexit red tape for Britain's poor economic growth, saying he wouldn't "invest new money" in the country with the way things are at present.
Explore the UK's trade relationships through interactive maps, charts and analysis.
Home Office figures caused speculation that number of Europeans in UK had been underestimated.
Inflation for what Britons consume would have been nearly a third lower had the UK stayed in the EU, study finds.
"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.
International delivery firm ParcelHero says August’s £800m fall in EU trade adds to the UK’s economic woes.

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