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The Brexit bill: £100bn hit to UK exports


pellinore

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Of course we knew what we were voting for, say Brexiters. It was to stop immigration. All going well, isn't it?

Brexit is leaving a hole of almost £100bn in annual UK exports, making Britain’s economy worse off than if it had remained in the European Union, new analysis has claimed.

Businesses that make an array of products including sporting goods, children’s toys, jewellery and medical equipment have struggled the most with border costs imposed by the UK’s decision to leave the EU, leading to 30 per cent less trade between 2020 and 2023 than if Britain had stayed in the trading bloc.

Since leaving the single market, Britain’s export growth has been sluggish behind other advanced economies, leading to missed growth in goods and services exports of around £23bn quarterly, the analysis reveals.

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

Edited by pellinore
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14 minutes ago, pellinore said:

Of course we knew what we were voting for, say Brexiters. It was to stop immigration. All going well, isn't it?

Brexit is leaving a hole of almost £100bn in annual UK exports, making Britain’s economy worse off than if it had remained in the European Union, new analysis has claimed.

Businesses that make an array of products including sporting goods, children’s toys, jewellery and medical equipment have struggled the most with border costs imposed by the UK’s decision to leave the EU, leading to 30 per cent less trade between 2020 and 2023 than if Britain had stayed in the trading bloc.

Since leaving the single market, Britain’s export growth has been sluggish behind other advanced economies, leading to missed growth in goods and services exports of around £23bn quarterly, the analysis reveals.

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

A pro-EU analyst says it all.

No other response is required.

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2 hours ago, pellinore said:

Of course we knew what we were voting for, say Brexiters. It was to stop immigration. All going well, isn't it?

Brexit is leaving a hole of almost £100bn in annual UK exports, making Britain’s economy worse off than if it had remained in the European Union, new analysis has claimed.

Businesses that make an array of products including sporting goods, children’s toys, jewellery and medical equipment have struggled the most with border costs imposed by the UK’s decision to leave the EU, leading to 30 per cent less trade between 2020 and 2023 than if Britain had stayed in the trading bloc.

Since leaving the single market, Britain’s export growth has been sluggish behind other advanced economies, leading to missed growth in goods and services exports of around £23bn quarterly, the analysis reveals.

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

Strange. Total UK exports of goods & services to the EU/RoW in 2019 (pre-Brexit/Covid) was valued at £706.7bn (Source: ONS).

Total UK exports of goods & services to the EU/RoW in the 12 months to end of Sept. 2023 (post-Brexit/Covid) was valued at £870.4bn (Source: ONS). 🤔👇👇👇👇

https://www.gov.uk/government/statistics/uk-trade-in-numbers/uk-trade-in-numbers-web-version

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2 hours ago, Electric Scooter said:

A pro-EU analyst says it all.

No other response is required.

You can't get more right-wing Tory supporting than right-wing Tory Brexiter Andrea Leadsom, and she says Brexit has a price. (Of course, she is as mad as Ann Widdicombe):

Conservative minister Andrea Leadsom has dismissed the concerns of business chiefs over the costly new checks imposed on imports from the EU as the “price you pay” for Brexit.

The leading Brexiteer defended the “friction” in the new system for physical checks at the border – describing it as “the costs of doing business”.

Ms Leadsom said British firms must “adapt” and could even consider “changing their trading arrangements with the EU” if they wanted to bring down their costs.

Tory Brexiteer dismisses cost of new food checks as ‘price you pay’ for Brexit | The Independent

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Blah, blah, blah, we won, you lost, its now several years later, time for you to move on.

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1 hour ago, Electric Scooter said:

Blah, blah, blah, we won, you lost, its now several years later, time for you to move on.

We all lost. Time to move back.

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9 minutes ago, pellinore said:

We all lost. Time to move back.

No we didn't. Total UK exports of goods & services to the EU/RoW in 2019 (pre-Brexit/Covid) was valued at £706.7bn (Source: ONS).

Total UK exports of goods & services to the EU/RoW in the 12 months to end of Sept. 2023 (post-Brexit/Covid) was valued at £870.4bn (Source: ONS). 🤔👇👇👇👇

https://www.gov.uk/government/statistics/uk-trade-in-numbers/uk-trade-in-numbers-web-version

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@pellinore we need to fact check you always!

Edited by Electric Scooter
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32 minutes ago, pellinore said:

We all lost. Time to move back.

Try telling that to low paid British workers who are now seeing their wages increase as a direct result of the UK's democratically mandated exit from the European Union. 🤦👇👇👇👇

https://businessnewswales.com/wages-soar-by-11-in-brexit-exposed-sectors-data-finds/

Edited by Destination Unknown
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