Bitter road to Brexit hits condiment producer’s bottom line
5 years, 3 months ago

Bitter road to Brexit hits condiment producer’s bottom line

Associated Press  

LOUGHBOROUGH, England — Britain hasn’t left the European Union yet, but the long, drawn-out and bitter road to Brexit is already causing financial problems for B I Europe Limited, a family-run food company in central England. His company has enjoyed hassle-free trade in Europe for 40 years and can’t lose it overnight without major problems, he said. You can’t just walk out, and that’s what has been proposed, which in my opinion is totally wrong.” Dhutia said without factoring in managers’ time, Brexit planning has reduced company profits by at least 5% in six months. The dilemma the company faces is not unique: The Bank of England this summer estimated that British companies’ productivity has dropped as much as 5% since the 2016 referendum in which voters chose Brexit because staff are spending time planning for Brexit day rather than getting on with their daily business.

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History of this topic

'Cost with No Benefit': Two Years After EU Exit, UK Business Feels Brexit Blues
2 years ago

'Cost with No Benefit': Two Years After EU Exit, UK Business Feels Brexit Blues

News 18  

Two years after Britain’s departure from the European Union, bosses of UK businesses are reeling from the cost of Brexit, including some who voted to cut ties with Brussels. “It’s cost, cost, cost with no benefit,” noted Adrian Hanrahan, chief executive of a small chemicals company, Robinson Brothers, based in central England and for which the EU remains a key …

Food and drink exports to Europe fall by a quarter after Brexit
2 years, 10 months ago

Food and drink exports to Europe fall by a quarter after Brexit

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Sucking it up: UK manufacturers look in vain for Sir James Dyson’s Brexit benefits
3 years, 8 months ago

Sucking it up: UK manufacturers look in vain for Sir James Dyson’s Brexit benefits

The Independent  

The Brexit-supporting manufacturing entrepreneur Sir James Dyson gave an interview this week in which he suggested the UK’s departure from the European Union’s single market and customs union on 31 December was already yielding benefits for British businesses. “We’ve got our freedom, we can make trade agreements with other countries outside Europe we can employ people from all around the …

A month on, post-Brexit ‘teething problems’ hit trade between UK and EU
3 years, 11 months ago

A month on, post-Brexit ‘teething problems’ hit trade between UK and EU

LA Times  

A truck driver’s documents are scanned Jan. 1 as he passes a checkpoint in England for the train through the Eurotunnel. The British government says the troubles are “teething problems,” but companies say they are causing serious pain. New customs rules and health checks have prompted him to stop shipping to the EU and to Northern Ireland, which is part …

Calls to compensate meat industry as produce left rotting due to Brexit bureaucracy
3 years, 11 months ago

Calls to compensate meat industry as produce left rotting due to Brexit bureaucracy

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

After Brexit, what’s now for British businesses?
4 years ago

After Brexit, what’s now for British businesses?

Live Mint  

Business breathed a sigh of relief on Thursday after the UK and European Union announced a post-Brexit trade deal, but called for greater clarity over services, and for the move to a new regime as smooth as possible. However, a feared "no-deal" would have compounded that, given it would have meant World Trade Organization rules, with high customs duties, quotas …

Brexit will end frictionless trade between UK and EU
4 years, 10 months ago

Brexit will end frictionless trade between UK and EU

CNN  

London CNN Business — The idea that Britain can leave the European Union and maintain frictionless trade with the bloc of 27 countries is officially dead. Cabinet minister Michael Gove warned UK businesses on Monday that the government will subject goods from the European Union to border controls starting at the end of this year, acknowledging the end of frictionless …

UK treasury chief: Some businesses may hurt after Brexit
4 years, 11 months ago

UK treasury chief: Some businesses may hurt after Brexit

Associated Press  

LONDON — The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the European Union but the country’s treasury chief has admitted that some U.K. business sectors will suffer as a result. Sajid Javid told the Financial Times in an interview Saturday that Britain’s regulations will not be aligned with …

UK businesses fear a nightmare Brexit hasn’t gone away
5 years ago

UK businesses fear a nightmare Brexit hasn’t gone away

CNN  

London CNN Business — Prime Minister Boris Johnson now has a clear path to take Britain out of the European Union. At that point, however, UK goods shipped to the country’s biggest export market will be subjected to taxes unless Johnson has secured a deal that sets new terms of trade with the European Union. “We suspect that if Johnson …

Business and Brexit: Why the never-ending Brexit saga is a nightmare
5 years, 2 months ago

Business and Brexit: Why the never-ending Brexit saga is a nightmare

CNN  

London CNN Business — Businesses in the United Kingdom have already endured more than three years of Brexit uncertainty. Companies had been cautiously optimistic that Prime Minister Boris Johnson would remove the immediate threat of a disorderly break with the European Union by pushing his Brexit deal through UK Parliament ahead of the latest October 31 exit deadline. According to …

Formula 1 2019: No-deal Brexit will 'harm our businesses,' says Britain-based outfit Mercedes' Toto Wolff
5 years, 2 months ago

Formula 1 2019: No-deal Brexit will 'harm our businesses,' says Britain-based outfit Mercedes' Toto Wolff

Firstpost  

If the UK leaves the Customs Union, it could cause delays for the movement of freight between Britain and Europe where nine of this year’s Formula 1 races and most of the pre-season take place Mexico: The chief of British-based Formula 1 outfit Mercedes Toto Wolff said on Saturday the United Kingdom crashing out of the European Union without a …

For businesses, Brexit is happening already
5 years, 2 months ago

For businesses, Brexit is happening already

Associated Press  

LONDON — Mylands paint, founded 135 years ago, has survived two World Wars, the Great Depression and the end of the British Empire by adapting its products and practices. “That’s more of a strategic long-term plan for us anyway, but we may accelerate that process because of the fallout from Brexit if it gets very tricky to export goods.” As …

No-deal Brexit: European carmakers say disorderly break would be ‘catastrophic’
5 years, 3 months ago

No-deal Brexit: European carmakers say disorderly break would be ‘catastrophic’

CNN  

London CNN Business — Europe’s carmaking industry has warned of “catastrophic consequences” should Britain crash out of the European Union without a deal to protect trade. “A ‘no deal’ Brexit would have an immediate and devastating impact on the industry, undermining competitiveness and causing irreversible and severe damage,” Mike Hawes, CEO of the UK Society of Motor Manufacturers and Traders, …

Boris Johnson’s Brexit plan drives pound lower
5 years, 5 months ago

Boris Johnson’s Brexit plan drives pound lower

CNN  

London CNN Business — Britain is moving closer to the nightmare Brexit scenario businesses have long feared. A major lobby group warned that a disorderly Brexit would disrupt almost every part of the UK economy, and French carmaker PSA said new trade barriers could doom its factory near Liverpool. Michael Gove, the government minister Johnson has put in charge of …

UK business leaders say ‘tough decisions’ needed to avoid Brexit catastrophe
5 years, 9 months ago

UK business leaders say ‘tough decisions’ needed to avoid Brexit catastrophe

CNN  

London CNN Business — Business leaders are voicing intense frustration with politicians who have plunged the United Kingdom deeper into uncertainty over Brexit. “No one would run a business like this -— and it is no way to run a country,” Adam Marshall, head of the British Chambers of Commerce, said on Thursday. “They need to start making tough decisions.” …

Brexit impact: UK will pay a high price for ‘no deal’
5 years, 10 months ago

Brexit impact: UK will pay a high price for ‘no deal’

CNN  

London CNN Business — Food shortages. These are the potential consequences of a disorderly Brexit, according to an analysis published Tuesday by the UK government that concludes the country is nowhere near ready to leave the European Union on March 29 without a transitional deal. ‘Disaster for UK economy’ The British Chambers of Commerce sums up input from its members …

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