Category: Brexit
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UK exporters face £27bn Brexit hit as smaller firms bear the brunt
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Small UK exporters have been hit hard by new post-Brexit barriers, contributing to a £27bn shortfall in goods sales to the EU since Britain left the bloc’s single market and customs union. Research by the Center for Economic Performance at the London School of Economics reveals that Brexit led to…
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UK exports under threat as proposed Trump tariffs mirror Brexit impact
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Trade tariffs proposed by former US President Donald Trump could affect British goods exports to the US as much as Brexit has hurt UK sales to the EU, new research has shown. The analysis by the Decision Foundation warns that if Trump reimposes global tariffs between 10 and 20 percent,…
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One-third of UK businesses urge government to cut Brexit red tape
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Nearly a third of UK businesses are urging the government to reduce regulation and red tape after Brexit to support British trade, according to a survey by Santander Bank. The survey reveals that although there is a growing sense of optimism among SMEs, many are calling for action to ease…
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Keir Starmer aims to reset Brexit relations with German economic deal
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British Prime Minister Keir Starmer is negotiating a new treaty with Germany to secure priority access for British companies, a strategic attempt to repair the UK’s fractured relationship with the European Union after Brexit. Starmer described Brexit as a “once-in-a-generation opportunity” and stressed the need to “move beyond the crisis”…
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Pound nears 2016 levels as election nods to new Brexit tack: Mike Dolan By Reuters
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Written by Mike Dolan LONDON (Reuters) – The sight of the pound hitting its highest levels since the 2016 Brexit referendum after a surprise election announcement in the United Kingdom is hard to ignore – and may signal hope on the sidelines of recovery from the economic damage linked to…
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Brexit Border IT Outages Delay Import of Perishable Items to UK by Up to 20 Hours
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Trucks carrying perishable goods such as meat, cheese and fresh cut flowers from the European Union are facing delays of up to 20 hours at the UK’s busiest Brexit border posts due to a failure in government IT systems. These delays have led to significant disruptions, reducing the shelf life…
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Brexit Checks Could Inflate UK Food Import Costs by Up to 60%, Warn Importers
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UK food importers are sounding the alarm over post-Brexit checks, warning of potential cost increases of up to 60%, which could lead to higher prices for consumers and pose existential threats to some businesses. After five previous delays, the UK government implemented physical checks on animal and plant products coming…