Govt told: ‘Don’t overpromise but be honest’ about Brexit as red tape, costs and delays hit UK firms February 9, 2022 The public spending watchdog warned this morning that UK trade with the EU has been knocked by Brexit and businesses have faced higher costs, more paperwork and border delays since Britain’s withdrawal. A report by the Public Accounts Committee found that while it was difficult to untangle how much of the hit to trade since [...]
Partygate dying down: Boris Johnson heading to PMQs after tinkering top team as PM tries to regain grip on power February 9, 2022 Prime Minister Boris Johnson will face MPs after tinkering with his top team as he looks to stave off a confidence vote and lay the foundations for the next election battle. After months of being dogged by partygate allegations and a fresh controversy over his Jimmy Savile remarks, the Prime Minister opted to embark on [...]
Tougher post-Brexit border controls will lead to long delays at UK-EU border, MPs warn February 9, 2022 The rollout of stringent checks on Brits entering the EU after Brexit will lead to severe delays at the border, warns a new report published today by a group of cross-party MPs. An expected recovery from the depths of the pandemic in the volume of Brits heading to the Continent could lead to cars and [...]
More economists warn of cost of living crunch’s drag on UK growth February 8, 2022 The squeeze on households’ living standards from the cost of living crunch will drag on the UK economy this year, reveals fresh forecasts published today. A triple whammy of Inflation topping seven per cent, a heavier tax burden and swelling energy bills is set to erode consumers’ real incomes, prompting a pull back in spending, [...]
Get used to queueing at Dover, says Road Haulage Association February 8, 2022 HGV drivers better get comfortable as they need to prepare for four-hour long queues at ports, according to the Road Haulage Association. Post-Brexit, checks at Dover and across the Channel have become the new normal, causing mile-long bottlenecks and forcing authorities to implement traffic access protocols such as Dover TAP to avoid extreme congestion in [...]
Rees-Mogg made minister for ‘Brexit opportunities’ in mini-reshuffle February 8, 2022 Jacob Rees-Mogg is now minister for “Brexit opportunities” in the Cabinet Office after he was moved from his post as House of Commons leader in a mini-reshuffle today. He will still attend cabinet in the newly created role, which will also include a remit to oversee “government efficiency”. Mark Spencer, former chief whip, replaces Rees-Mogg [...]
Global Britain: £500bn Brexit boost and 5m jobs via supercharge of UK exports and new trade ties February 8, 2022 Supercharging UK exports may result in a £500bn Brexit boost and could create up to 5m new jobs, according to a group of business leaders. The Global Britain Commission, which was set up by former trade minister Liam Fox, has set out detail for a blueprint for Global Britain in a post-Brexit world. If Britain [...]
Bitcoin still climbing as cryptocurrency markets retrace losses February 8, 2022 The strong start to the week continues for Bitcoin, which climbed to highs of $45k overnight for the first time in over a month.
Brexit bust: UK flight compensation for delays likely to drop from £220 to £25 February 8, 2022 The government’s plan to slash flight compensation for delays on UK domestic flights has been branded as “another Brexit win”, as it would impact on consumer refund rights. Earlier last week, the Department for Transport (DfT) announced it had opened consultations over the adoption of the new regulation, which would see the UK adopt a [...]
UK swerves away from EU car safety rules following Brexit February 8, 2022 The government has said it could use its new Brexit “freedoms” to avoid complying with EU car safety rules. Following Brexit, the UK no longer needs to follow the General Safety Regulations, which include higher standards for cars and lorries to make them less deadly for pedestrians. The UK agreed to be follow the regulations [...]