tag: business ×601


Around 100 days after Brexit, most companies are experiencing Brexit effects that are more negative than they expected at the beginning of the year.
t's just 4 and a half months now until we crash out of the biggest and most successful trading bloc in the world and attempt to "go it alone" because our politicians and newspapers have been systematically LYING to us for the past 30 years. Is your business ready? Do you have a customs agent lined up? Do you know what the WTO tariffs are going to be for the products you buy and sell? ...
Less than a month after leaving the EU, trade is flowing so badly that small firms are moving operations abroad to survive.
'After the Brexit deal was signed, Boris Johnson infamously claimed that there would be "no non-tariff barriers" on trade with the EU. It wasn’t true.'
UK firms and customers are struggling with a wave of new paperwork and costs on goods sent to the European Union, and even Northern Ireland, as the economic fallout of Brexit continues to grow.
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.
The extra costs of doing trade with Europe have already wiped out the entire 2020 profits of Frog Bikes in Pontypool
Bosses face tough decisions and politicians are refusing to listen, says a Bristol business owner. / Small and medium-sized businesses, the lifeblood of communities, have told of difficult decisions to quit Britain or cancel investment plans because of Brexit.
France's former ambassador to the UK Sylvie Bermann tells LBC that Brexit had "no advantages" and that facts were presented as "scaremongering".
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.
Sajid Javid does not knock down his watchdog’s warning of a £30bn a year hit, saying: 'I’ve never pretended it won’t be challenging'.
Former Siemens CEO - “I hoped we would go for a sensible version of Brexit. It’s forcing businesses to comply with two sets of regulations. It’s a double cost. What we’re learning is that our so-called sovereignty is turning out to be rather expensive.”
This exporter tells James O'Brien that "filling in commodity codes" and "getting test certificates" for his products because of Brexit has caused "staggering and obscene" costs and delays for his business.
The UK left the EU on January 31, 2020, but more than two years on, businesses in Wales are still trying to adjust to the challenges and issues it's brought.
Companies in the United Kingdom and the European Union face an extra £58 billion ($80 billion) in annual costs if there is a no-deal Brexit, with the U.K.’s vast financial sector set to be the worst-hit industry, according to a report issued Monday.
Lord Wolfson is a highly successful businessman, a prominent supporter of Brexit and a Conservative peer. He is, in short, the sort of man who should be in perfect alignment with a government led by Boris Johnson. He isn’t.
A group of MPs have warned of the "risk of serious disruption and delay" at Channel crossings when the Brexit transition period ends on 31 December.
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.
A new survey has found that Brexit worries are increasingly impacting business decisions in Ireland, with half of small and medium-sized enterprises in Ireland cancelling or postponing investment plans as a result.
Five years after the Brexit referendum, many British companies now complain about higher transport costs and more bureaucracy. But the biggest problem is a labor shortage.
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.
According to figures released by Flanders Investment and Trade 81 companies have invested in Flanders rather than in the UK since the United Kingdom left the European Union. Above all companies involved in transport and logistics, sales and marketing, telecommunications and electronics and chemicals have been opting to make investments here rather than in the UK.
Johnsons of Whixley, which sells over 5 million plants per year, said in a press release yesterday that the “bureaucratic burden” of Brexit had reduced revenue, increased cost and slowed its supply chain.
IoD warns a lack of preparedness will exacerbate port congestion when grace period ends in January.
Within a week, implications of the Brexit are being felt by businesses as food deliveries are delayed for not having the right customs paperwork, logistics companies halt the shipment of goods, and retailers discover their supply chains might be obsolete.
A SCOTTISH business has ceased all international trade after its owner said the impact of Brexit led to long waiting times, missed parcels and exorbitant costs.
Issues - dismissed by the prime minister as “teething problems” - show little sign of dissipating.
A "safety and security" agreement removing the need for post-Brexit entry and exit declarations between Britain and the north of Ireland is needed, the freight industry said.
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.
"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.
Brexit will never be done. Because it can never be done. Not for as long as the UK sits 50km off the European mainland and does 50% of its business with Europe. Not when the island of Ireland sits behind it – and the north east corner of that island is contested political ground.
The drop in activity recorded in new CSO figures, including a 65 per cent hit to imports, is substantial and sobering
UK firms may struggle to get vital parts from the EU as new laws will force businesses across the channel to set up a presence in the UK.
One of the key architects of Boris Johnson’s Brexit deal has admitted it is damaging Northern Irish businesses and warned it may not be sustainable.
A new survey commissioned by OGL Group reveals that Covid, Brexit and the continued reliance on manual processes are the greatest factors affecting profitability for architecture, engineering and building sector wholesale businesses in 2022.
Already we are seeing clear signs. Businesses are once again increasingly quoting Brexit as their major challenge. Exports to the EU are down.
Britain's leading employers are pushing the government to urgently increase funding to retrain workers and allow Europeans back into key sectors as supply chains buckle under the weight of COVID-19 and Brexit.
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.
If the UK leaves the EU without a deal, the government will not be able to support all affected industries. Against a backdrop of steeply deteriorating public finances, the government will be forced into impossible choices about which businesses and industries to save. Without clear principles, the fight over subsidies will be swamped by politics.
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.
This real-life experience of a small West Yorkshire company, before and after the creation of the single market, provides an insight into our imminent future in the event that we leave the EU without a worthwhile trading deal.
PM tells industry leaders anxious about stalled negotiations "rien ne vas plus", which means "no more bets" in the casino game.
Small business leaders have accused Boris Johnson of failing to protect them from the damage Brexit will inflict – with one third ready to quit the UK to escape it.
A couple of points are worth observing already. Nearly six years on from the Leave vote, the supposed opportunities of Brexit remain entirely conspicuous by their absence. And ramping up the rhetoric by claiming “immense opportunity” does not change this reality.
The prime minister blackballed business groups from his keynote speech on the future of EU trade talks yesterday, accusing them of failing to prepare their members for the “reality” of post-Brexit Britain.
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".
Boris Johnson's immigration plans for after Brexit are facing a massive backlash as industry leaders say key fields - like farming, construction and the stricken care industry - won't get the workers they need.
Brexit Proof Q&A: Donal Byrne, Big Red Barn / Donal Byrne is the chief executive of Big Red Barn, a company that designs and manufactures modular structures both to the event business and for use as homes.
The former Soviet satellite state is welcoming British companies looking to escape the tangle of regulations and financial obstacles of doing business in Europe.
Brexit has forced businesses to endure higher costs, more paperwork and border delays, a fresh report has found.
BUSINESSES in Scotland have been branded the “least confident” in the UK after sentiment plunged from its peak at the end of 2021, a new survey has found.
Companies have stopped investing in favour of holding onto cash in case it's needed after the UK’s withdrawal from the EU.
Andy Street’s comments come after Tory leadership contenders insisted Brexit has provided opportunities. / Brexit is bad for business, the Conservative mayor for the West Midlands has said.
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.
BREXIT uncertainty coupled with data protection pressures have led to a 15 per cent drop in the number of small and medium-sized businesses recorded as accessing free help such as advice and workshops last year.
Norfolk firms are finding that they are being impacted by delays at the border caused by Brexit.
Small design firms in the UK are moving their production abroad and setting up businesses in the European Union to get around a slump in business following Brexit. / "The UK is no longer a viable distribution hub" / "Best to not have anything even touching the UK" / "If you speak to any company, they're finding ways to remain in the EU"
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.
Make UK says two-thirds of companies fear customs delays and red tape from new rules will further hamper supply chains.
78% of businesses said Brexit is the risk they are most worried about, while 70% think it is the second most urgent risk to address.
Lincoln-based insulation manufacturer and supplier, SuperFOIL Insulation, says it has lost a quarter of a million pounds revenue as a result of Brexit.
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.
UK businesses have said the Brexit trade deal has pushed up costs, increased paperwork and delays, and put the UK at a competitive disadvantage, research from the British Chambers of Commerce has found.
Some British firms have scaled back their operations on the continent after struggling with customs requirements.
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.
Scottish small and medium-sized enterprises (SMEs) fear the impact of Brexit on their businesses more than firms in the UK as a whole, according to a new report.
‘We lost about 10% of our revenue, which was clients leaving the UK for Europe’
The coronavirus pandemic and Brexit hampered deal activity between the UK and continental Europe in 2020, with the number of European businesses bought by UK acquirers falling by nearly a third.
The UK Public Accounts Committee has said that Brexit and the issues surrounding their new borders have added costs to business in Britain.
"It’s very difficult to date for manufacturers to see any benefit from leaving," an organisation representing thousands of businesses has said.
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.
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.
Around half of UK SMEs believe that Brexit has had a negative impact on the UK’s society as a whole awhile 64 per cent believe that it has negatively influenced the UK economy.
Brexit has increased costs for 51% of UK manufacturers, with 35% saying they have lost revenue and one in five that they have lost potential business due to Brexit, according to a new survey by the manufacturers’ organisation, Make UK.
About 54 percent of Japanese companies with operations in the United Kingdom have been negatively impacted by the country’s planned exit from the European Union.
Stormont committee also hears many small businesses unprepared for customs workload.
The full impact of Brexit on both businesses and consumers will not be felt until next year with shortages set to worsen in sectors ranging from food to building materials, a leading customs expert has claimed, writes David Parsley.
Close to 59 per cent fashion brands have said that Brexit has impacted their business since the end of the transition, as per a recent report. About 25 per cent of the brands surveyed said they have considered relocating all or part of their businesses and 91 per cent of them want a visa that allows creative access to EU countries cheaply and quickly.
Securing any EU trade deal and regional development in the UK are steep challenges.
Extra charges, disappearing suppliers and slow delivery times are killing off the side hustle
The UK chief executive of the German manufacturing group Siemens has said Brexit is making Britain an international “laughing stock”, while urging MPs to pursue a softer withdrawal from the EU.
Scotland’s Rural Affairs Secretary Mairi Gougeon was speaking ahead of an inter-governmental meeting on the two-year anniversary of Brexit.
As you may have noticed Jacob Rees Mogg Esquire – as no doubt he would style himself – has invited the public to submit suggestions on the theme of ‘Opportunities of Brexit’. I could not resist replying. Could I possibly suggest that you, after reading this, do the same?
Confusion around the new Brexit rules for importing goods into Northern Ireland has caused a "nightmare", small business owners have said.
The Netherlands is reaping the benefits of Brexit with a boom in British businesses seeking warehouse space.
Slashing tariffs to zero on the majority of UK imports in the event of a no-deal Brexit will be a “sledgehammer for the economy” and deliver a widespread shock across the country, business groups have warned.
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.
Growth slows as overseas companies buy elsewhere amid uncertainty, survey suggests. / Britain's manufacturing sector suffered a slowdown in growth in April as Brexit resulted in an acceleration of foreign firms shunning the UK and sourcing goods from elsewhere.
"We have witnessed several of our UK competitors go out of business in the last year due to the negative impact Brexit is having on the UK economy."
Demand for British wine is up domestically but at the same time, Brexit has led to a shortage of seasonal workers, increased costs and red tape. / Across the country, similar problems have disrupted businesses since Britain fully left the European Union in January.
Bank taking steps to avoid disruption but said Brexit could lead to higher costs if a restructure becomes necessary.
One local business that is very much at the forefront of the impact of Brexit is BJW Logistics Ltd, a small transport company in Taunton, Somerset. I spoke to Barry, the owner and director of the company.
Food labelling laws – after leaving the EU – require food firms in Great Britain to have an European Union or Northern Ireland address, but many cannot afford the extra costs
More than half of Irish businesses said they experienced increased regulatory burdens because of Brexit in 2020 -- exceeding the 40% that endured global supply disruptions due to Covid-19.
A businessman who says Brexit is destroying his business thanks to red tape has challenged the Prime Minister to try filling in the necessary customs forms.
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.
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 Tory race for the top job rumbles on. Europe attempts to fill its own big positions. President Michael D Higgins hears strong words of support on Brexit in Germany. We also get a business view of the 'no deal' sentiment and get the reflections of a former European Parliament Brexit steering group member as she wraps up her term.
RTÉ's Europe Editor Tony Connelly looks behind the Brexit headlines. / British Chamber of Commerce Director General Adam Marshall tells Brexit Republic about the clarity his members are still looking for in the Brexit negotiations.
The company also expects to pay additional costs of around £10m per year due to the restructuring.
Food industry bosses have condemned Brexit as an “unmitigated disaster” and claimed the cost of disruption has caused some firms to shut for good.
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.
New red tape and charges causing ‘major problems’ to 35 per cent of traders relying on parcel deliveries.
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 post-Brexit trade deal between the UK and EU is a "thin deal' for Wales, says the first minister.
A poll by Opinium shows that trade with the EU is considered the most important political issue for exporting firms.
Business leaders have called for urgent removal of red tape that is damaging trade between the UK and the EU.
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.
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.
The House of Lords European Affairs Committee heard that whilst technology infrastructure and digital tools could help, more clarity and support is needed.
Major UK manufacturers know what they are talking about, unlike those clamouring for a no-deal exit.
Company leaders said Brexit is one of their biggest concerns – with key issues being a lack of access to EU migrants.
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.
Scotland’s rural affairs secretary hit out at the UK leaving the EU two years on from the finalisation of a deal to leave the bloc.
UK's departure from EU now emerging as major business travel compliance headache
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.
The Scottish Government paper claims Brexit is damaging business, migration and devolution itself, with External Affairs Secretary Angus Robertson (below) insisting “Scotland has to consider its future path” when the coronavirus pandemic is over.
On April 14, 2021, the Warsaw Institute, together with The Warsaw Institute Review quarterly, had the honor of hosting another online event – the Diplomacy Talks Series. The title of the discussion, moderated by the president of the Warsaw Institute, Tomasz Kijewski, was “BREXIT and its importance for Europe and the Polish diaspora in Great Britain and Northern Ireland”.
Enterprise Ireland has paid out more than €120 million in supports for companies severely impacted by Brexit, chief executive Julie Sinnamon has told an Oireachtas committee.
UK hauliers of perishable goods are wanting to be prioritised at the port crossing into Europe, complaining that long wait times are causing products to go bad.
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."
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.
The U.K.'s vote to leave the European Union has buffeted companies in Britain and beyond. Some have warned of earnings hits, possible headquarters moves, or cost cuts linked to the referendum, while others have put deals on hold. A few have reported possible benefits, too.
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.
In January, UK goods exporters soon discovered the ‘tariff and quota-free’ deal Boris Johnson signed with the EU did not offer frictionless trade.
BREXIT is already having a “tangible and harmful impact” on people’s quality of life and on businesses, according to a new Scottish Government analysis.
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.
Jacob Rees-Mogg announced checks on imports to the UK, that were finally set to enter force in July, will now not happen as planned and instead be 'reviewed' before being introduced in a different form.
UK firms warn that even with a trade deal, both sides need to phase-in changes to border checks over six months.
British companies trading with Europe will have to absorb a post-Brexit bureaucracy burden and fill in an extra 215m customs declarations at a cost of about £7bn a year, according to government officials.
A government adviser told this British businessman to replant his company in the European Union because they have “no information” about what to do after Brexit deadline.
UK companies are coming to the hard realisation that Boris Johnson’s “tariff-free” Brexit trade deal may not actually do what it says on the tin.
A surge in inflation and friction following Brexit has reportedly stagnated UK exports for more than a year.
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.
Businesses who raised concerns range from road hauliers to whisky manufacturers, while builders are running out of supplies.
Daniel Lambert, who supplies M&S, Waitrose and 300 independent retailers, to set up in France after £150,000 hole in revenue.
Peter Ricketts, former British ambassador to France, tells of the difficulties faced by businesses and the 'extra red tape' as well as travel changes.
Brussels has encouraged European businesses to revive their no-deal Brexit planning preparations as it warned of "inevitable changes" no matter the outcome of trade talks with the UK.
Several banks and multinationals including Airbus, Nissan and Ford have in the past few months made moves to disengage from the UK fearing the impact a no-deal Brexit would have on their operations.
Many firms are clinging on during the coronavirus crisis and have no capacity to to contemplate failure in talks with EU.
Companies in the ITV Anglia region say new customs controls are causing delays and could lead to problems with supply.
An influential business body has withdrawn support for Theresa May’s Brexit deal and is prepared to advocate a second referendum.
Industry bosses say retailers will struggle to keep shelves stocked at Christmas amid worker shortage.
Brexit is having a negative impact on business, according to almost half of UK IT leaders questioned in a Computing Delta study.
The European Commission has accused the UK of undermining the trust needed for effective operation of its post-Brexit trade deal.
A North East business leader who wrote to the Prime Minister a fortnight ago asking him to tackle problems caused by Brexit said he is yet to receive a reply.
Firms couldn’t plan as the government refused to confront the realities of leaving. Now we are out of time.
The Institute of Directors and the West Midlands’ Tory mayor Andy Street have cited the UK’s relationship with Europe as a major impediment to business confidence and performance.
Northern Ireland businesses have told MPs they need an extension of "grace periods" for Irish Sea border checks.
British Chambers of Commerce’s outgoing director calls for closer cooperation with the EU.
The delay in extra checks on EU imports has been criticised by businesses for creating confusion and leaving UK borders vulnerable to unsafe produce.
Some food and drink companies have seen their income shrink by as much as half. / Scottish businesses are losing millions of pounds because of the soaring cost of exporting to the EU in the wake of Brexit.
Northern Ireland traders call for an extension to Brexit deal grace periods amid warnings they’re drowning in paperwork.
There are mounting concerns over the lack of preparedness of businesses as the end of the final phase of the UK’s departure from the EU nears.
British businesses are pulling out of Europe due to costly new paperwork associated with Brexit.
Freight Transport Association prepares list of ‘mini-deals’ UK must seek from EU to ensure Britain keeps trading. / Business leaders will call for a series of emergency measures to cushion the blow of the UK crashing out of the EU if Theresa May’s Brexit deal is not ratified in a critical parliamentary vote next week.
Around 10 to 12 inland posts, five of which will be in Kent, are expected to be required to process goods coming in and out of Great Britain.
BUSINESSES should expect more paperwork, bureaucracy and additional costs on trade between the north and Britain when the Brexit transition period ends in seven months’ time...
SCOTTISH fishing businesses have bemoaned the “unnecessary hassle” of bureaucratic changes to exporting goods to the continent under Brexit rules.
‘We must leave with a deal that protects jobs and livelihoods – or get mired in a swamp,’ says Confederation of British Industry.
A man who says his business has folded due to Brexit has warned his home town of Scunthorpe about what the possible effects of leaving the EU might be.
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.
'Securing a good deal with the EU, our most important trading partner, will open doors that have been closed by uncertainty. As of 31 January, the UK moved into a transition period until December 2020. While this reduces the immediate risk for businesses, without an option to extend transition, there remains a risk of no deal in a year’s time.'
Carolyn Fairbairn says the UK economy is in ‘suspended animation’ while issue remain unresolved.
Some 110 business leaders have warned U.K. Prime Minister Boris Johnson of dire consequences if he fails to sign a trade deal with the European Union before the Brexit transition period ends in six months.
Business lobby group warns failure to act will put UK’s economic recovery from Covid crisis at risk.
Companies bringing goods into Great Britain face a new set of bureaucratic hurdles from 1 January, as the UK imposes full Brexit customs controls on imports from the EU for the first time.
A year after leaving the EU, the real costs of Brexit are becoming clear to many West Lothian businesses. / SNP group leader, Councillor Janet Campbell, has told how Brexit costs are adding to every facet of daily life, from medicines to door locks.
Cabinet minister Greg Clark has refused to rule out resigning if Theresa May pressed ahead with a no-deal Brexit, as he said such a scenario would be a "disaster".
Pero Foods in Betws-y-Coed has spoken of the post-Brexit 'chaos' in the system for exporting to the EU.
A RECORD 78 per cent of UK firms attempting to recruit faced difficulties in finding staff in the first quarter, a survey by British Chambers of Commerce shows.
HALF of manufacturers fear Brexit customs costs will harm their businesses this year, according to a leading industry body.
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.
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.
Hundreds of companies across Cumbria have less than a month to ensure their workers are not affected by the post-Brexit immigration law changes.
Without pass, exporter’s goods could be held up at UK ports and airports after 31 October.
The British Chamber of Commerce has called on the government to make exporting easier for SMEs, such as reducing red tape.
Reflecting on the time since the UK’s exit from the EU, businesses surveyed report ongoing challenges and concerns since the departure, including volume of paperwork (45%) and complexity of regulations (50%).
A look at the impact leaving the EU has had on some of Britain's small import and export businesses.
Unlike Boris Johnson, who was paid £94,507 for a single two-hour speech, I have to work hard for every penny I earn. Since the EU referendum I've been forced to cut staff and shrink my business.
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.
More than a year on from Brexit Welsh companies say they are feeling the pinch from making fewer sales to Europe.
THE Dublin government is pressing Brussels and London to allow Northern Ireland businesses to export around the world using EU free trade agreements.
A restaurant owner has warned businesses are still feeling the impact of higher import costs after Brexit - and says it could force him to the wall.
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.
An exclusive poll for i shows that firms feel the Government had not done enough to support them through Brexit.
The European Council on Tuesday approved a 5 billion-euro ($5.8 billion) reserve aimed at helping EU businesses tackle the short-term effects of Brexit.
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 European Commission said on Monday it had approved a 50 billion pound British “umbrella” scheme to support companies affected by coronavirus outbreak.
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.
Around a third of EU nationals living in the UK have yet to secure settled status to remain in the country, creating a “ticking time bomb” for British businesses, a legal charity has warned.
BREXIT-related factors are still being flagged by UK companies as a cause of lost business from overseas, a senior economist has declared.
With or without a deal with the EU, both businesses and consumers face price hikes and supply shortages from the New Year.
A leading skateboard distributor has set up another business in the Netherlands to avoid paying tax twice on exports after Brexit.
Broken English, a shop full of UK-sourced delicacies, has had a presence in the German capital for 24 years. Yet with the unknown effect of Brexit looming, the curtain is falling on this much-loved store that relies on imported goods.
Irish companies employing UK nationals working in other EU member states are being alerted to changes arising from Brexit which mean that their employees are now subject to potential work permission requirements.
British firms do not have the resilience to cope with a no-deal Brexit after the battering of the coronavirus crisis, according to the outgoing boss of industry body the CBI.
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.
A government minister has criticised businesses for taking a "head in the sand approach" when preparing for post-Brexit trade.
U.K. traders are falling foul of a new IT system policing goods crossing the English Channel, as companies grapple with a fresh wave of post-Brexit red tape.
Businesses across the EU who have been affected by Brexit will receive a new round of funding worth €2 billion over the next year, the European Commission has announced.
New border rules introduced last week are already creating problems for exporters and traders, say firms.
The Netherlands British Chamber of Commerce said they have been working “night and day” on inquiries from UK companies in recent weeks.
From online shopping to fishing to musicians, here are some of the obvious problems that have arisen since January 1 - as well as a few things that have gone better.
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
British companies are moving their European bases to Belgium to manage the challenges posed by Brexit and are now trading with the EU from there.
BREXIT could cost the economies of Wrexham and Flintshire as much as £300m a year, new research suggests.
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.
The man who negotiated the UK's Brexit agreement has accepted there are "extra costs" for British firms now they're outside of the EU, after a Commons report criticised the added bureaucracy necessary to trade with the bloc.
French minister launches booklet that warns companies should seek other options in case of no-deal Brexit
Northern Ireland risks becoming a “legal basket case” that will deter trade and investment if Article 16 is triggered, companies have warned.
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.
A Fylde coast small business is among thousands nationally being hammered by extra charges in the wake of Brexit.
It is all about March 29th and getting ready for the UK’s departure from the European Union, says John Byrne.
A MUCH loved family man and keen rugby player took his own life after his business suffered financially due to Covid and Brexit.
Industry leaders fail to see the ‘streamlined and simplified’ customs paperwork hailed by UK government.
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 outgoing head of the North East’s largest business organisation has accused the Government of being ‘addicted to Brexit’ and unwilling to tackle any of the problems it has brought.
The government is set to write to the European Union as soon as today about the bloc's post-Brexit ban on mussels, cockles, and other shellfish caught in UK waters, PoliticsHome has learned.
Businesses that export to the EU will be offered support from the hotline, called the Export Support Service, on things like “queries around rules of origin” and “recognising professional qualifications and entering new markets”.
The £4.5m advertising campaign will include plans to spur Brits into taking action to prepare for the end of the transitional period in December
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.
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.
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.
CHIEF is expected to be closed down on 30 September 2022 after almost three decades in operation.
Around 4,000 companies have set up shop in member state since UK left EU, prime minister says.
We’re still only seeing the start of the changes Brexit will bring to the seafood industry (and, in truth, the entire food and beverage sector). In the coming years, there will be continual changes as we adjust our operating model and there’s no clear view on when it will settle down.
This week we’ve partnered with EEF on a new report ‘Navigating Brexit: the Migration Minefield’. The report highlights the need for clarity, simplicity and urgency in the Government’s messaging to stem the flow of EU citizens from the UK, taking their much needed skills with them.
We speak to makers, artists, galleries and small enterprises about their struggles with the new rules for Britain's trade with the EU.
Analysis: The UK’s revised-down Q3 figures should come as no surprise given business has been in second gear since 2016.
Marr: "Are you really prepared to look those people in the eye and say you're going to lose your job because I am going for a no deal?"
The cost of new regulations means we’ve had to pause sales to the EU, losses are mounting and the government isn’t listening.
UK businesses are dealing with significant levels of political turmoil and feel that no deal is hurtling closer. The impacts of a no deal are vast and will impact every region and nation of the UK. From the South West of England, to the North East of Scotland, businesses are telling us a no deal would be a disaster for the UK economy, for businesses and for individual livelihoods.
For companies depending on fast, small deliveries, the costs of new Brexit trade rules are mounting.
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.
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.
Crippling import costs faced by an Inverness retailer were raised during an exchange at Westminster. / Inverness SNP MP Drew Hendry highlighted the costs faced by Oil and Vinegar importing goods from the EU during the exchange with UK Trade Minister Andrew Griffith.
Irish businesses are seeing their input costs rise, with signs price increases will be passed onto customers emerging.
At 23:00 on New Year's Eve a new EU trade border was effectively created in Northern Ireland's ports. / The first of these grace periods is set to expire at the end of March and businesses are already anxious about what comes next.
Last year was a record for foreign takeovers of UK companies, with 734 UK firms acquired by overseas buyers in 2021 —reflecting a 400% rise since 2015.
The body representing Irish SMEs has sharply criticised the UK's threat to trigger Article 16 of the Northern Ireland Protocol, potentially over the role of the European Court of Justice (ECJ).
ITM has launched a campaign to help travel managers navigate the complexities of travelling to and within the EU as business travel resumes.
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.
'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.'
Tory leadership hopeful says he would tell bankrupt firms their sacrifice was worth it. / Business groups have expressed anger after Jeremy Hunt said he would willingly tell people whose companies went bust after a no-deal Brexit that their sacrifice had been necessary.
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 Labour leader has been under pressure to criticise the pact with Brussels amid disruption at Irish Sea ports and complaints about export difficulties.
Dire warnings from British industries after Chancellor Sajid Javid admitted businesses will be hit, exposes why the Prime Minister focuses on the trivial.
Kidswear independents across the UK have expressed concerns that “nightmare” post-Brexit import VAT is still being incorrectly charged on some children’s clothing and footwear that should have been zero rated, causing “hell on earth” for many businesses.
It seems that Labour is finally getting its act together on holding the government’s feet to the fire over Brexit, after what has appeared like a few months of sidestepping the issue.
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.
They say many European workers who could have remained in the UK are now deciding to stay in their home countries.
Swift action is needed to minimise the disruption many Lancashire businesses are experiencing as a result of Brexit, according to one of the county’s top exporters.
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.
Only £8.4m of the Government’s Brexit support fund has been allocated to companies trading with the EU
A Lincoln-based luxury hamper specialist has opened a European hub in Holland so that it can ensure deliveries to ex-Pat customers, post Brexit, throughout the EU this Christmas.
An influential business group has said it is willing to back a new referendum on the Brexit deal and is demanding that the government “stop the clock” on withdrawal to avoid crashing out for the EU.
A broad coalition of London leaders have called on Government to recognise the damage that the wrong Brexit deal could inflict on the city.
Website designed to help business owners understand impact of EU-UK trade deal
Only half of UK firms that trade internationally have considered the impact of Brexit on their business, says the British Chambers of Commerce.
Barry Hemmings is not a moaner, a pessimist or a quitter but he is, like so many hundreds of thousands of others, ‘hacked off’ by Brexit and the damage it is doing to his business.
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.
Cabinet Office minister warned hauliers that unless they get their post-Brexit paperwork in order there could be queues of up to 7,000 lorries.
There remain "substantial barriers" for UK trade with Europe, with small businesses bearing the brunt of the post-Brexit strain, according to peers.
TENS of thousands of businesses, including a growing number in the UK, have taken advantage of a way to beat Brexit by setting up electronically in a small Baltic country – and their number is growing steadily.
More than 1,000 London business owners today warned that the economy faces damage even if Theresa May manages to pass her Brexit deal.
Terence Conran and Norman Foster among those signing letter to the Times
The Chamber of Commerce says requests for help are coming in ‘thick and fast’ amid cost increases and confusion about red tape
Increased regulatory burdens due to Brexit have hit 54% of businesses, new figures show.
CSO Global Value Chain participation survey details number of firms sourcing inputs from abroad.
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.
85 per cent of UK businesses have restructured in the wake of January’s Brexit deal, and the majority believe leaving the EU has negatively impacted operations, according to a new report.
Businesses in the UK are experiencing various data access and management issues.
"Our sector faces major challenges in accessing the right talent, skills and labour. As the Industrial Strategy states, the manufacturing sector is one of those most likely to need people skilled in science, technology, engineering and maths."
Nearly all small British manufacturers are struggling with rising costs, according to a survey on Thursday that showed widespread worries over recruitment and logistics caused by the COVID-19 pandemic and Brexit.
“The Netherlands is a great place to set up a business. They are ready to help and they sit next to so many key markets," one business owner said.
The introduction of new post-Brexit trading rules last year caused a "major shock" to UK-EU trade, a study claims.
Industry chiefs and experts tell i the introduction of customs controls could also affect small businesses, some of which could be forced to pay tariffs.
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.
EIGHT in 10 smaller firms which face being impacted by the imposition of import checks next year have said they are not fully ready to comply with the new paperwork.
The Northern Ireland Assembly has passed a motion withholding consent for the UK's withdrawal from the European Union.
Northern Ireland businesses will not be ready for the new Irish Sea border in January and need a further transition period, industry leaders have said.
NI businesses are facing a "very, very difficult" time in January when the Brexit transition period ends, a senior civil servant has warned.
Representative body warns firms would simply not fill out forms moving goods to Britain.
The failure to bring in a promised cash-back scheme for companies hit by EU tariffs is "deeply disappointing", a leading business body has said.
Business groups in Northern Ireland have appealed to the UK Government and the EU to bring an end to post-Brexit trading frictions.
Goods lorries entering Northern Ireland (NI) from Great Britain would have to complete a three-page certificate under EU plans to simplify post-Brexit trading arrangements.
Five years ago today, a vote took place which sent shockwaves around the world. I’m talking, of course, about the Brexit referendum.
THERE are no discernable benefits of Brexit, the chief executive of Scotland Food and Drink has said. / James Withers also rubbished claims that leaving the EU had enhanced “global Britain” and mocked the appointment of a new Minister for Brexit Opportunities.
‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.
The cost of compensating UK businesses for a no-deal Brexit will reach £22bn a year – more than half of England’s schools budget – a landmark analysis of the impact of crashing out of the EU has found.
Dame Carolyn Fairbairn likens walking away from trade talks to ‘setting fire to the garden shed’ when the house is already in flames.
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.
North East businesses have had difficulty trading with the European Union since Brexit, according to a new survey.
Gordon MP Richard Thomson has urged Secretary of State for Scotland Alister Jack to intervene on his Cabinet colleagues to force a change in the UK Government’s post-Brexit policies which he outlines are causing issues for food and drink sectors.
The Northern Ireland Protocol can give the region an economic advantage but will require further moves by both sides, the head of the UK's biggest business association has said.
Brendan McDowell, of BPerfect Cosmetics, said more US brands are interested in being sold on his website due to access to the EU market.
NI Chamber of Commerce last month found just 39% of members preparing for departure.
Seafood firm bosses warn "ridiculous" Brexit paperwork is making trade "fraught" after a £50,000 load faced destruction due to a "clerical" error.
Property sector hit hardest, followed by financial services, leisure and culture, research finds. / The number of UK businesses in “critical” financial distress jumped 17 per cent over the year to the end of March, with a significant deterioration seen in the first quarter of 2019 as Brexit uncertainty deepened.
We discuss the key potential upsides, possible risks and principal negotiating issues from both US and UK perspectives. We conclude that it is highly unlikely that a free trade deal between the US and the UK will be secured in the near term and that the likely potential benefits for British businesses are less than often suggested.
Almost one in five exporters have temporarily halted sales to the European Union (EU) after new post-Brexit trading rules took effect at the start of the year, according to the Federation of Small Businesses (FSB).
One in seven UK businesses is considering moving its HQ overseas into another European country in the wake of Brexit, according to a new survey.
And almost three-quarters said their company had seen zero benefit from the UK's departure from the EU.
Nearly one in three fear their company will close before the end of this year, primarily as the long-term effects of Brexit start to bite, according to alarming data shared with City A.M. this morning.
More than three quarters of small businesses that export to Europe say the EU trade deal has not helped them grow sales.
An Opinium poll also found that 42% of people who voted Leave in 2016 had a negative view of how it had turned out.
Only one-quarter of business leaders say their organizations are fully ready for the end of the Brexit transition period, according to a survey by the Institute of Directors.
The research found that 8% of the 172 businesses surveyed between April and May reported that it is likely they will have to make redundancies in the next three to six months.
Regulatory burdens have seen over half of businesses hit by Brexit (54%) across the country, new figures show.
An Oxford MP has slammed Boris Johnson’s trade deal with Europe as “botched”, stating it has sold many industries “down the river”.
Released by DDC FPO, a global provider of business process outsourcing solutions for the freight transport and logistics industry, the research shows that 99% of respondents to DDC FPO’s survey are currently facing Brexit-related challenges – and worryingly, nearly 70% expect their operations to be negatively affected for more than 12 months.
Brexit has cost UK businesses as much as Covid, according to research by delivery firm ParcelHero. / Over £250 billion has been lost to Covid-19 and an equal amount has now been lost as a result of Brexit, with the figure continuing to rise.
Firms face “crippling uncertainly” and there is a “real threat “of food and medicine shortages in the new year, Ian Blackford has said. / The SNP Westminster leader called for an economic impact assessment to be released on the costs of the PM's “extreme Tory Brexit plans”.
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.
Since the start of the year, a raft of new requirements are making life increasingly difficult for UK businesses that trade with the EU.
More than a month after the UK's post-Brexit trade deal with the EU came into force, complaints from British importers and exporters continue to mount.
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.
Samantha Cameron says her fashion brand is finding post-Brexit trading with the EU "challenging and difficult".
As the UK economy begins the long road to recovery, many businesses are wondering: where have all the workers gone? ... From farms to factories and hospitality to haulage, many industries are warning they won’t be able to bounce back unless Brexit rules on workers are relaxed. We report from Kent.
As the UK economy begins the long road to recovery, many businesses are wondering: where have all the workers gone?
Preparing Brexit: How ready is the UK? is our second report examining government and business preparations for the end of the transition period, building on Preparing Brexit: The scale of the task left for UK government and business, published in July.
An organisation representing most manufacturing businesses north of the border has said the vast majority view the Northern Ireland Protocol as an opportunity rather than an obstacle.
Brexit has triggered a record number of applications for trade marks in the UK, with 195,000 registered in the past year, up 54 per cent from 127,000 the year before, according to data shared with City A.M. today.
Jacob Rees-Mogg said there is little evidence to conclude Brexit has harmed UK trade – despite a mountain of proof suggesting otherwise.
The headlong rush to an end nobody voted for, and why No Deal is a man-made asteroid strike. ... Linguistic programming as Johnson drills the buzzphrase “undemocratic backstop” into the national mind. ... Ingrid – our secret agent within the Tory Party – finally succumbs to Stockholm Syndrome. The Government’s snappy 1,400 page No Deal for small businesses.
Majority of businesses say Brexit has harmed revenue. / UK exporters to the EU have been knocked by Brexit and businesses have faced higher costs, more paperwork and border delays since Britain’s withdrawal, new research shows.
It is now just over a month since the UK and EU went their separate ways. But many retailers, carriers and others involved in the world of cross-border ecommerce, may well feel that they have aged considerably more than just a few weeks.
Richard Corbett, former Labour MEP, linguist, author and fluent and well-informed speaker will explain the background to Boris Johnson's Brexit deal and discuss the fallout. There are numerous consequences of Brexit which are not receiving sufficient publicity. Leaving the EU came at a huge cost to the UK economically, culturally and in terms of our standing in the world.
RURAL tourism and hospitality businesses in Scotland face a “double whammy” of Brexit and Covid exacerbating labour shortages, MSPs have been warned.
Samantha Cameron tells Emma Barnett on BBC Radio 4's Woman's Hour about the impact Brexit is having on her fashion business.
SBIT is a unique and diverse group of over 200 outbound British travel and service companies operating throughout the summer and winter holiday seasons ... Our aim is to protect the 25,000 British jobs in our sector, to continue to deliver value and choice to British holidaymakers. ... Brexit in its current form or, worse still, a no-deal Brexit, will put all this at risk.
Scotland’s biggest firms have seen their share of UK innovation shrink by more than a third since the Brexit vote, despite a wider rise in research and development spend, new analysis suggests.
THE Scottish economy is “running on fumes” as the protracted uncertainty over Brexit continues to cause firms to put business investment on hold, a key survey has found.
The First Ministers of Scotland and Wales have written to Boris Johnson to request an extension to the Brexit transition period.
Many Scottish food and drink suppliers plan to decrease or stop exports to the EU amid the regulatory fallout from Brexit, an industry survey suggests.
A SHOPOWNER in the Highlands has said his business is being “screwed whatever way we turn” as costs rise thanks to Brexit.
One of Scotland’s leading shellfish exporters has said the seafood industry is still suffering woes caused by Brexit more than a year after the UK’s final withdrawal from the EU.
The Seanad Special Select Committee on the Withdrawal of the United Kingdom from the European Union launched its ‘Interim Report on the Impacts of Brexit’ today, Thursday, 8 July. The report stems from engagement with stakeholders over 20 separate hearings between December 2020 to June 2021.
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.
A senior Tory MP has called for the government to take the UK back into the single market as the nation struggles with the cost of living crisis.
A group of MPs - including Sheffield’s Paul Blomfield - and business leaders have come up with 64 proposals to fix the ‘broken’ Brexit deal.
A Sheffield MP is urging small firms damaged by Brexit to make their voices heard ‘loud and clear’ by government.
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.
A meringue manufacturing firm says it no longer exports to the EU due to issues created by Brexit. / A meringue manufacturing firm says it no longer exports to the EU due to issues created by Brexit. Flower and White, which employs 30 staff at its Telford headquarters producing 1m products a day, formerly exported to 12 countries in the EU.
Sir Keir Starmer has told an LBC listener whose small business has been hit hard by Brexit that he will raise her problem with the Government.
Sir Martin shared his insight on what challenges the Government is facing, what the Government and business should do now and how the UK seeks to forge new trading relationships outside of the European Union.
The impact of concerns over Brexit and Covid-19 saw takeover deals in Europe by UK investors slump last year, according to new figures.
Small businesses importing food and wine from the European Union have warned they are "drowning" in paperwork because of Brexit.
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.
Independent small businesses across the South West say their recovery from the pandemic is being hit by the impact of Brexit tariffs.
Two out of five small businesses are not clear about new rules for posting goods to the EU since the start of the year, new research suggests.
Small businesses have not taken the necessary steps to prepare for Brexit because they are “time poor” and believe that a deal will ultimately be done buying them more time, an industry group has said.
Up to £9.5bn-worth of UK exports to the EU between January and July have had tariffs placed on them despite “tariff-free” trade deal, analysis for Channel 4’s Dispatches shows.
Despite assurances of tariff-free trade, companies face big hurdles after Brexit.
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).
Data published 22 March by UK Food & Drink Federation showed exports of food & drink to the EU from the UK dropped by more than 75 per cent in January. Our Somerset business correspondent has been tracking Brexit’s impact since the start of the year. Look out for his next article to be published in the next few days.
It follows challenges over rising costs, staffing issues and supply chain shortages, plus recent added uncertainties following the emergence of the Omicron virus variant.
BUSINESSES in Scotland are being “left in the dark” over Brexit, facing long delays and increasing costs, according to a Scottish businessman.
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.
Ken Thompson, who runs Bussens & Parkin in Mildenhall in Suffolk, said a lack of stock has left him with no choice but to put his kitchen and bathrooms business into insolvency.
How are UK businesses dealing with the rising costs and lead times from a double whammy of Covid-19 and Brexit?
Just a third of Swedish businesses that export to the UK say they're ready when post-Brexit trade changes begin, a recent poll found.
Three-quarters of NE bosses say Brexit is bad news for their businesses - with many suffering falling sales and rising red tape.
UK company employees are having to move locations, develop new skills and their job roles have needed to be redesigned in the wake of the UK’s Brexit deal with the European Union.
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 examine the impact of the Brexit plans under discussion between the EU and UK.
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.
The threat of a “disastrous” no-deal Brexit is forcing businesses to stockpile frozen food for the elderly, robot parts and even horsehair in a move that could lead to higher prices and “significant shortages” for consumers, experts have warned.
“Frictionless EU trade and regulatory alignment is vital for UK prosperity and jobs. The deal remains inadequate on services, which make up 80% of the UK economy. And big questions remain about the feasibility of negotiating a new trade agreement deep enough in a 14-month transition period."
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.
'No matter which sector you talk to - from video games to abattoirs, broadcasters to supermarket delivery, financial services to care - they all say the same thing: We need access to people.'
The EU fears that the UK government is deliberately stalling on Brexit trade deal negotiations, and may secretly be aiming to exit European trade arrangements without first agreeing a new deal.
The UK government has made exporting and importing difficult and costly. Everybody who was not a Brexit fantasist saw it coming.
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.
Post-Brexit border controls and customs requirements have “gutted” SME businesses – and have left some industries fearing a UK talent drain.
Some North East companies say they are still experiencing problems exporting goods to Europe, nearly seven weeks after Brexit.
It has been a gloomy week on the sunlit uplands of sovereign Britain, as the only export that appears to be booming post-Brexit is the glut of UK companies rushing to set up in the EU.
Despite persistently asking for answers I’ve not had a single reply from Government on the implications for Liverpool, its port, its industries and businesses.
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.
Richard Barfield explains the deluge of restrictions and regulations that have been saddled on firms after the UK’s departure from the EU
A new report from the Mid Yorkshire Chamber of Commerce highlights significant challenges continuing to face firms 100 days on from Brexit as they struggle to adjust to new trading arrangements.
More than one in three UK businesses (37 per cent) have lost revenue from cross-border card payments post-Brexit, according to new research.
Respondents cite new procedures and paperwork among negatives of breakup.
Almost a third of UK companies could move operations abroad because of Brexit, a survey has suggested.
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.
Upbeat messages about the opportunities Brexit will provide are not the way to persuade companies that they needed to invest significant time and effort in preparing for the new paperwork and bureaucracy that awaits them - and this lack of honesty from ministers risks doing real economic damage.
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.
Thousands of UK businesses may need to set up an EU presence if they want to export goods to European markets, according to trade consultants Blick Rothenberg.
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).
SUPPLY chain problems which followed the Tory government's hard Brexit have been felt by three-quarters of UK high-street firms, new research has suggested.
The figure rises to four in five businesses among those that do a moderate or large amount of trade with the EU
Three out of five manufacturing firms are suffering “significant” disruption because of border delays since the start of the year, new research suggests.
THE SNP has criticised the UK Government over its damaging Brexit deal, after new research revealed that three-quarters of UK firms are struggling with Brexit induced bureaucracy and delays.
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.
The UK Government's handling of the exit from the EU has been an "unmitigated disaster" with little cause for optimism, writes Record View. / The survey of 1000 businesses by the British Chamber of Commerce on the impact of Brexit makes grim reading.
Sam Bright reports on the disruption, time and cost suffered by one mid-sized company before and after the UK’s formal departure from the European Union
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; ...
After leaving the EU's single market with its free movement of people, goods, services and capital, he says: "We are fishing in a smaller pool."
Research surfaces after industry groups rubbish Michael Gove’s claims that they are ready to crash out of EU.
One year after the UK completed its exit of the EU, two-thirds of British manufacturers have said that Brexit has hampered their business ‘moderately or significantly’.
reaking free of Brussels bureaucracy was meant to herald a bonfire of red tape for Britain. In the first 100 days of Brexit, the only thing many businesses burned was money.
British companies say new customs forms required following Brexit are the biggest hurdle to trading with the rest of the world, official data show.
The U.K. government backed down on plans to impose full-border checks after Brexit in an attempt to avoid piling an additional burden on businesses already struggling with the impact of coronavirus.
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.
UK SME retailers are having to route goods through friends and family in the EU to cater to the single market as they struggle to stay afloat in a maze of post-Brexit red tape.
The UK has a 5/1 chance of rejoining the EU by 2026 due to a growing frustration with Brexit, a betting agency has predicted.
The Institute of Directors' economic confidence index for July, measuring business leaders’ confidence to invest in the UK, has barely improved since June.
Businesses tell a different story, one of bureaucracy and delays that add up to higher costs. Elsewhere, hidden under the impact of virus lockdowns, Brexit seeped into all parts of the economy...
Eight out of 10 finance leaders expect long-term environment to be worse.
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.
UK businesses and consumers have paid 42% more in customs duties on goods since Brexit came into force on January 1 2021, it has been claimed.
UK businesses are paying 10 per cent more than their EU counterparts to trade their emissions following Brexit.
Britain’s businesses are being urged to step up their preparations for a no-deal Brexit amid signs that Theresa May’s successor could be prepared to leave the EU without a deal at the end of October.
British firms face the introduction of much-delayed post-Brexit border control checks from Jan. 1 which will affect businesses importing $314 billion of goods a year from the European Union.
Export health certificates on food from the EU will now only be needed from July 1 next year - instead of October 1 under previous plans - after a crisis of lost lorry drivers and empty shelves.
The political impasse over Brexit threatens to “suffocate” business investment across the UK, with the economy grinding to a halt as a temporary boost from stockpiling comes to an end, the British Chambers of Commerce (BCC) has warned.
CBI warns Boris Johnson that Britain needs a deal as it is already facing impact of Covid
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.
Many UK businesses "are not even close to being ready for a no-deal" Brexit, figures seen by Newsnight suggest.
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.
Following the end of the Brexit transition period UK businesses are now having to pay ‘security bonds’ of £50,000 or more to courts in the European Union in order to litigate there, legal experts told City A.M. today.
According to experts, the best long-term environmental and economic measure Tory ministers could adopt is a close relationship with the EU market.
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.
The British government's lack of understanding and overly political approach to post-Brexit trading arrangements in Northern Ireland has left businesses there in the dark, a Westminster committee has claimed.
The UK government has conceded that Brexit has created barriers to business travel in a report published Wednesday by the House of Lords, the upper house of the country's Parliament. The report, written by the Lords' European Union Select Committee, warns that new restrictions on mobility will hinder the UK's dominant services sector.
Carolyn Fairbairn of CBI says her ‘really big disappointment’ was the lack of help for British services in the potential deal
British manufacturers are being forced to build up financial buffers in preparation for a no-deal Brexit as the cost of stockpiling goods and materials puts companies under strain.
Government to allow businesses to continue using European CE certification for another year.
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.
Legislation has been published by the British government this evening which overrides the post-Brexit trade arrangements for Ireland and severely breaches both the Brexit Withdrawal Agreement and international law.
Worries over the impact of Brexit and coronavirus mean more than 70 per cent of the UK’s small and medium-sized businesses do not expect the country’s economy to grow during the rest of 2020, according to new survey data.
UK taxes on EU imports have increased hugely since the former’s official exit from the Union at the end of 2020.
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 has today announced a new £20m fund for British SMEs facing post-Brexit disruption.
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
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.
The Food and Drink Federation said Lord Frost's latest delay "penalises those who follow government advice".
A SCOTTISH publisher has taken aim at Brexit after seeing his business hit with spiralling costs and dwindling sales.
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.
Brexit has led to around 4,000 UK companies setting up shop in the EU-member state of Estonia, mostly by registering for the country’s much-talked about e-residency scheme.
Businesses in Wales have revealed the problems they say they are facing because of Brexit.
His manifest error in declaring there are "no non-tariff barriers" for trade with the EU had business leaders falling off their chairs.
From 1 January checks and paperwork will finally begin and EU exporters face a rude awakening.
I run two shops in Cowbridge in the Vale of Glamorgan. The negative impact that Brexit is already having on my business is causing me sleepless nights.
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.
Understanding why, when, and how the European Union (EU) and business interact will be crucial for UK policymakers and organised interests in the new post-Brexit world.
In just one month of post-Brexit trading, British logistics expert Jon Swallow has seen exports dive, prices rise and customers so desperate that he is practically offering a counselling service.
MEPs approved the €5 billion Brexit Adjustment Reserve to help member states deal with the economic, social and territorial impact of the UK’s departure from the EU.
The government has announced an extra £2.1bn of funding to prepare for a no-deal Brexit - doubling the amount of money it has set aside this year.
UK public companies are trading at a £500bn valuation discount due to the "scarring impact" of the Brexit vote.
COVID and Brexit have left Guernsey businesses in a minefield, according to the newly-elected president of the Guernsey Chamber of Commerce, Diane De Garis.
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.
88,000 firms to be given a registration numbers but business groups warn much more needs to be done to prevent severe disruptions to trade.
A new trade hub has been established by the British Beauty Council (BBC) to help personal care businesses ‘navigate their way through the jargon’ of the post-Brexit trading landscape.
Businesses have slammed post-Brexit trading rules, reported The Guardian. / One described life outside the trading bloc as “the same nightmare week after week”.
Customs duties paid by UK businesses have jumped 64 per cent to a record £4.5bn in the year to 31 January 2022, up from £2.9bn in the previous 12 months, according to new research shared with City A.M. this afternoon.
Exporters fear Northern Ireland protocol row will spur trade war with Brussels, making an already difficult job even harder