Brexit to slash £45bn from economy as Barnier blames UK for not ‘correctly explaining’ consequences
Damage to the UK economy will be four times greater than hit to EU.
The UK is the first and so far only country to have left the EU and Brexit was and is the withdrawal of the United Kingdom (UK) from the European Union (EU) and the European Atomic Energy Community (EAEC or Euratom). The official withdrawal was at 23:00 31 January 2020 GMT (00:00 CET).
Damage to the UK economy will be four times greater than hit to EU.
MPs were also warned that the UK could be “50,000 customs agents” short of what is needed when import regulations are enforced from April.
Just over a month since Boris Johnson’s new trade deal with Brussels came into effect, the leading business lobby group warned that urgent action was needed to solve mounting issues with cross-border trade.
“Will he (Gove) make clear that the Protocol is causing societal and economic damage to the union, and will he press on with the alternative arrangements that he previously supported and signed up to?”
"I am just a girl standing in front of a camera asking you to blame the EU instead"
The capital’s service sectors will bear the brunt of a downturn, according to a study published by the Mayor of London, Sadiq Khan.
The peer called for the EU to adopt a “different spirit” in order to ease the “more than bumpy” relationship.
Peter Cowgill, executive chairman, said disruption in shipping goods to mainland Europe meant extra costs in the “double digit millions”.
The moves are reminiscent of other changes to fish names to make them sound more appealing. Patagonian toothfish, for example, was changed to become Chilean seabass in the United States and Canada
TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.
Read more
We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.
Editorial enquiries, please contact: [email protected]
Commercial enquiries, please contact: [email protected]
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy
© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy