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Covid pandemic masks Brexit impact on UK economy


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Covid pandemic masks Brexit impact on UK economy
Covid pandemic masks Brexit impact on UK economy
Economists say new checks and rules have hurt trade but six months on the full scale of the damage is still uncertain
World Economy News
2 Jul 2021
• 4 min read
More than five years after the EU referendum, Britain remains as divided as ever on the question of the UK’s membership of the bloc.
However, economists from both sides of the argument are in agreement on one thing new rules and regulations ushered in by Britain’s new relationship with Brussels have caused damage to the UK’s economy, hitting trade and deepening labour shortages. ....

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'Teeny' benefits of proposed Pacific trade deal dwarfed by hit from Brexit


‘Teeny’ benefits of proposed Pacific trade deal dwarfed by hit from Brexit
Andrew Woodcock
© AFP/Getty
BRITAIN-AUSTRALIA-TRADE-DIPLOMACY
A new Pacific partnership hailed by Boris Johnson as a key to post-Brexit prosperity has been branded “a drop in the ocean” after official figures showed the government expects it to increase GDP by just 0.08 per cent - less than one-fortieth of the expected economic hit from leaving the European Union.
And Labour warned that the benefit could slump to just 0.017 per cent (£400m) if Malaysia continues to hold out against ratification of the deal, according to figures from the Department for International Trade. ....

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UK-EU trade data reveal 'very concerning' discrepancies


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UK-EU trade data reveal ‘very concerning’ discrepancies
UK-EU trade data reveal ‘very concerning’ discrepancies
Huge gap between statisticians on either side of Channel over impact of Brexit on exports/imports
World Economy News
22 Jun 2021
• 5 min read
Hello from London, where the mood is as changeable as the weather. Largely because it is not yet clear whether the Covid-19 Delta variant will crash dreams of a more normal summer or prove to be a shorter and less damaging third wave.
Our main piece focuses on that other problem affecting public life here: Brexit. Specifically, some odd differences between what the trade data produced by UK statisticians and their EU equivalents say about how drastic the impact of severing ties has been on exporters. Either way, the picture isn’t great. But quite how bad the reality is depends on which side you believe. ....

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