Brexit trade failures revealed by government’s own research
1 year, 4 months ago

Brexit trade failures revealed by government’s own research

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. That’s up from 54 per cent in the previous year – a sign of growing dismay about the opportunities the agreements can offer, despite promises that Brexit can help boost “global Britain”. The annual government survey of British companies’ exporting behaviour shows that concerns relating to the UK’s exit from the EU “continued to be prominent” – with firms citing red tape and supply chain issues. In 2017, almost three in four companies said there was a lot of demand for UK goods and services – but the figures dropped to 55 per cent in the latest survey. She added: “It is, however, encouraging to see that 42 per cent of all businesses believed UK exports would increase over the next five years, and the government should keep this momentum up by making international trade easier for firms.” The government business survey did show there is still some optimism about the future.

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History of this topic

Revealed: Brexit has reduced UK exports by £27bn, new report claims
6 days, 18 hours ago

Revealed: Brexit has reduced UK exports by £27bn, new report claims

The Independent  

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Trump tariffs could hit UK goods trade as hard as Brexit, says think tank
3 weeks ago

Trump tariffs could hit UK goods trade as hard as Brexit, says think tank

The Independent  

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Brexit: Britain sets aside £10bn for future payments to EU more than eight years after vote to leave
3 weeks, 2 days ago

Brexit: Britain sets aside £10bn for future payments to EU more than eight years after vote to leave

The Independent  

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How Trump’s comeback could finally deliver on the promise of Brexit
1 month, 2 weeks ago

How Trump’s comeback could finally deliver on the promise of Brexit

The Telegraph  

David Lammy, the Foreign Secretary, has said that he would seek to broker a deal. “We will seek to ensure and to get across to the United States, and I believe that they would understand this, that hurting your closest allies cannot be in your medium or long-term interests, whatever the pursuit of public policy in relation to some of …

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning
1 month, 3 weeks ago

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning

The Independent  

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A third of UK businesses want Starmer to cut Brexit red tape
2 months ago

A third of UK businesses want Starmer to cut Brexit red tape

The Independent  

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Has the PM learned yet that there’s no such thing as a freebie?
3 months ago

Has the PM learned yet that there’s no such thing as a freebie?

The Independent  

Expensive clothes and designer eyewear are a very poor look, Sir Keir. Goods exports and imports are being seriously hit by the bureaucratic barriers erected by leaving the single market, reducing the UK’s trade competitiveness. Brexit continues, and will continue to have a profound and ongoing impact on UK trade with the EU – and yet the Labour government continues …

Labour wants a new Brexit deal – here’s why business shouldn’t get its hopes up
6 months, 1 week ago

Labour wants a new Brexit deal – here’s why business shouldn’t get its hopes up

The Independent  

That shadow chancellor Rachel Reeves has finally chosen to talk about Europe – about breaking down EU trade barriers, regulatory alignment with the continent, and negotiating a better deal than Boris Johnson managed – is a clear indication that Labour thinks it is all but home and hosed as far as the general election is concerned. It expects that the …

The Brexit bill: £100bn hit to UK exports as toy, medical kit and jewellery sales slump
10 months, 1 week ago

The Brexit bill: £100bn hit to UK exports as toy, medical kit and jewellery sales slump

The Independent  

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Brexit will leave UK £300bn worse off by 2035, say economists
11 months, 1 week ago

Brexit will leave UK £300bn worse off by 2035, say economists

The Independent  

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Brexit has been bad for the UK economy, majority of Britons believe
11 months, 3 weeks ago

Brexit has been bad for the UK economy, majority of Britons believe

The Independent  

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Five big Brexit promises – and what we got instead
1 year, 10 months ago

Five big Brexit promises – and what we got instead

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. Theresa May did …

Brexit: UK set to hit £1trn export target 15 years late
1 year, 10 months ago

Brexit: UK set to hit £1trn export target 15 years late

The Independent  

The UK will be 15 years late in hitting a Conservative government target of £1tn in annual exports after trade was hit by Brexit difficulties, it has emerged. Tory trade minister Andrew Bowie revealed the latest projections in a parliamentary answer – which also showed that exports are expected fall to £707bn next year from £739bn last year. “Extrapolations of …

'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 …

‘Worse than feared’: Brexit to blame for £33bn loss to UK economy, study shows
2 years ago

‘Worse than feared’: Brexit to blame for £33bn loss to UK economy, study shows

The Independent  

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OBR: Brexit has had ‘significant adverse impact’ on UK trade
2 years, 1 month ago

OBR: Brexit has had ‘significant adverse impact’ on UK trade

The Independent  

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UK market turbulence is latest challenge for British businesses
2 years, 2 months ago

UK market turbulence is latest challenge for British businesses

Live Mint  

LONDON : For British companies, the recent volatility in domestic currency and bond markets is compounding six years of extreme disruptions, starting with Brexit and stretching through the pandemic and the fallout from Russia’s war in Ukraine. Executives say the recent market turmoil has dealt another blow to already fragile business confidence, threatening to crimp future investment and undermine growth …

Brexit has devastated UK exports to smaller EU countries, study says
2 years, 7 months ago

Brexit has devastated UK exports to smaller EU countries, study says

The Independent  

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Food and drink exports to Europe fall by a quarter after Brexit
2 years, 9 months ago

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

The Independent  

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Ink India-Britain free trade, unlock new opportunity
2 years, 10 months ago

Ink India-Britain free trade, unlock new opportunity

The Hindu  

In May last year, Prime Ministers Narendra Modi and Boris Johnson announced their shared vision for a transformative decade for the India-United Kingdom partnership. Both governments have already taken action; for example, unlocking the export of British apples to India and enabling a greater number of Indian fisheries to export shrimp to the U.K. Small but meaningful steps by which …

Germany: Brexit pushed exports to UK down 2.5% last year
2 years, 10 months ago

Germany: Brexit pushed exports to UK down 2.5% last year

Associated Press  

BERLIN — German exports to the U.K. dropped another 2.5% last year, the first full year of Brexit, following a huge decline in 2020 in the first stage of the coronavirus pandemic, according to official figures released Friday. Exports from Germany, which has Europe’s biggest economy, totaled 65.4 billion euros in 2021, according to preliminary figures from the Federal Statistical …

Brexit: Some UK businesses may 'give up' importing due to new rules, says former civil servant
2 years, 11 months ago

Brexit: Some UK businesses may 'give up' importing due to new rules, says former civil servant

The Telegraph  

A former senior civil servant in charge of Brexit planning has warned some British businesses may "give up importing" as a result of new rules implemented in the new year. Philip Rycroft, who was permanent secretary at the Department for Exiting the European Union between 2017 and 2019, said the changes that came into play on January 1 will cause …

Brexit: Tariffs paid on £9.5bn of UK exports to EU despite Boris Johnson’s claim of ‘tariff-free’ deal
3 years, 1 month ago

Brexit: Tariffs paid on £9.5bn of UK exports to EU despite Boris Johnson’s claim of ‘tariff-free’ deal

The Independent  

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Brexit red tape knocks £17bn off UK trade with EU in just three months, watchdog finds
3 years, 1 month ago

Brexit red tape knocks £17bn off UK trade with EU in just three months, watchdog finds

The Independent  

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Government to slash red tape for trade with developing countries
3 years, 5 months ago

Government to slash red tape for trade with developing countries

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Developing countries will face fewer barriers when they trade with Britain …

The cost of Brexit becomes apparent
3 years, 9 months ago

The cost of Brexit becomes apparent

The Economist  

T HE COSTS of Brexit are adding up. Exports of goods to the European Union fell by 40% between December 2020 and January 2021, while imports dropped by almost 30%. Although much of that fall represents the unwinding of prior stockpiling and pandemic-related effects, there are clues in the data that suggest a substantial proportion reflects the new post-Brexit reality. …

A month on, post-Brexit ‘teething problems’ hit trade between UK and EU
3 years, 10 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 …

Just how damaging is this Brexit deal for UK services?
3 years, 11 months ago

Just how damaging is this Brexit deal for UK services?

The Independent  

The Brexit headlines have, perhaps understandably, been dominated for years by the visible consequences of leaving the EU: the prospect of border chaos and major tariffs on some high-profile goods exports such as cars and fish. But the question of the impact of this eleventh-hour agreement trade agreement with the UK’s “invisible” trade – our services exports – is now …

British lawmakers approve post-Brexit trade deal with EU
3 years, 11 months ago

British lawmakers approve post-Brexit trade deal with EU

The Hindu  

Britain’s House of Commons voted resoundingly on Wednesday to approve a trade deal with the European Union, paving the way for an orderly break with the bloc that will finally complete the U.K.’s years-long Brexit journey. Just after the EU’s top officials formally signed the hard-won agreement in Brussels, Mr. Johnson urged legislators in the House of Commons to back …

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 …

What does this deal with the European Union mean for the UK economy?
4 years ago

What does this deal with the European Union mean for the UK economy?

The Independent  

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UK clinches historic post-Brexit trade agreement with European Union
4 years ago

UK clinches historic post-Brexit trade agreement with European Union

Live Mint  

The U.K. clinched a historic trade deal with the European Union, averting the threat of an acrimonious breakup and laying the foundations for a new relationship with its biggest and nearest commercial partner. The agreement will allow for tariff and quota-free trade in goods after Dec. 31, but that won’t apply to the services industry -- about 80% of the …

How will the Brexit trade deal affect some of our biggest industries?
4 years ago

How will the Brexit trade deal affect some of our biggest industries?

The Telegraph  

As the news emerged shortly before 3pm on Christmas Eve that a Brexit deal had finally been reached, a “sense of relief” was the overarching sentiment among business leaders. Stephen Phipson, chief executive of trade body MakeUK, says: "Industry will cautiously welcome the Government's Christmas present of a provisional trade agreement that avoids the catastrophe of no deal; tariffs and …

Brexit: Pound heading for a crash if Britain fails to get a trade deal
4 years ago

Brexit: Pound heading for a crash if Britain fails to get a trade deal

CNN  

London CNN Business — The British pound could plunge by 10% or more if the United Kingdom does not finalize a trade deal with the European Union this weekend. Currency traders who once assumed a deal would be completed before a Brexit transition period ends on January 1 will be nervously watching events over the next 72 hours after British …

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor
4 years, 1 month ago

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor

CNN  

London CNN Business — Bank of England Governor Andrew Bailey has warned that failing to secure a new trade deal with the European Union would do more damage to the UK economy over the long run than the coronavirus pandemic. “I think the long-term effects … would be larger than the long-term effects of Covid,” Bailey said Monday in response …

UK urged to conclude trade deal with EU to limit Brexit cost
4 years, 2 months ago

UK urged to conclude trade deal with EU to limit Brexit cost

Associated Press  

LONDON — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic. In its latest survey of the the British economy, the Paris-based Organization for Economic Cooperation and Development said Wednesday that a trade deal that ensures …

UK economy risks ‘catastrophic’ one-two punch from coronavirus and Brexit
4 years, 6 months ago

UK economy risks ‘catastrophic’ one-two punch from coronavirus and Brexit

CNN  

London CNN Business — Britain is already heading for the worst coronavirus-induced slump of any major economy. “As one member put it to me — just because the house is on fire, it doesn’t make it okay to set fire to the garden shed.” British companies have already borrowed nearly £35 billion under government coronavirus relief programs, according to figures …

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