Brexit effect British economy News

European Job Seekers Turn Away From UK After Brexit

Irish workers have been making the short trip over to the UK to find employment for centuries, escaping famine and more recently the aftermath of the financial crisis. But new data suggests that job seekers from across the Irish Sea …

Brexit Red Tape Puts Valentine’s Day Thorn in UK Flower Trade

Giraffe Flowers in Manchester, northern England, is preparing for the annual Valentine’s Day rush but florists fear that Brexit trade barriers will increasingly spell higher costs and delays for their business. The company operates two shops in the center of …

Brexit Has Cost UK More Than $178 Billion so far: London Mayor

Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds ($178 billion) – London mayor Sadiq Khan said on Thursday, with the shortfall seen reaching …

How Brexit Hobbled Britain’s Race to Space

Britain’s push to become a “space superpower” is being undermined by political disarray and weak domestic investment, while showing how the nation needs international partners more than ever post-Brexit. In a case study of UK industrial strategy after leaving the …

UK Support to Rejoin EU Passes 50% for 1st Time Since Brexit

More than half of Britons would vote to rejoin the European Union for the first time since the nation opted to leave the bloc seven years ago, YouGov polling showed. Some 51% of Britons told the polling company that they …

UK Widens Lead as Europe’s Top Draw for Financial Services Investors

For all the gloom around the impact of Brexit on the City of London, the latest survey of Europe’s top destinations for foreign direct investment in financial services is a reminder of the UK’s continuing heft in the sector. Britain …

UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister

Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said on Thursday. Finance represents one in …

Is Britain Starting to Have Second Thoughts About Brexit?

Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living crisis and …

Brexit Results in ‘Substantial Negative Impact’ on Trade Between UK and EU: Report

Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according to Ireland’s Economic and Social Research Institute. Trade from UK to the EU dropped 16% while there was a 20% …

UK Companies Struggle to Find Workers Despite Salary Increases

Eight in 10 UK companies struggled to find workers last month despite many of them increasing wages, according to a survey that shows labor shortages are intensifying. The proportion was up sharply from three months earlier, with the squeeze most …