Pages tagged "Economy"

  • Counting the cost of leaving the Internal Energy Market

    The lights may stay on but it will be consumers like us who pay the price for rising energy costs, writes London 4 Europe Secretary Andy Pye. This article was first published on London 4 Europe's blog.

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  • From fishing fleets to breweries, companies in the north-east face ruin under the Brexit deal

    European Movement UK Vice-President Joyce Quin writes about the problems facing companies in north-east England that export to the EU and are facing ruin under the Brexit deal...

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  • Eight weeks of a bad Brexit deal

    As the weeks roll by, Brexit just gets worse and worse and worse.

    We’re now two months into this bad Brexit deal, and the consequences are being felt up and down the country. In fact, there are so many businesses, people and communities that have been affected it’s getting harder and harder to keep track of them all.

    Here is a brief run-down of some of the biggest impacts of Brexit so far:

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  • Brexit Reality: How’s it looking?

    Brexit Reality: How’s it looking?

    Brexit One Week On

    A week ago the UK fully left the EU. The moment we all campaigned against, warned about and feared the consequences of became reality – and it’s every bit as bad as forecast.

    Here are just some examples of the impact of Brexit in just its first week:

    1. Several UK companies have paused trading with the EU and some have given up entirely
    2. Many EU businesses have stopped deliveries to UK customers because of Brexit
    3. €6 billion of EU share trading has moved away from the City and is lost for good
    4. The loss of passporting rights on January 1 has put the financial services sector (7% of the UK economy) at risk
    5. The cost of sending a package from the UK to the EU has risen dramatically - up by more than £100!
    6. New customs declarations mean more red tape and higher costs for UK businesses
    7. More costs, paperwork, delays and limits on travel to the EU, including a reduction in free healthcare and the return of roaming charges
    8. The UK on January 1 repealed the EU directive on cross-border tax arrangements, risking more tax avoidance and lower tax revenues
    9. British musicians touring Europe will now face increased costs and paperwork, and more red tape to cover equipment and crew
    10. Not Lovin (Brex)It! Due to supply chains following Brexit, there have already been food shortages, including at McDonald's

    The response of Brexiters to all this has, of course, been to bury their heads in the sand, ignore what’s actually been happening and try to claim some ‘Brexit bonuses’ – claims that, of course, fall apart, as outlined below.

    "Brexit Benefit" Claims v The Reality:

    • ‘Benefit’ 1: “Brexit has enabled UK to axe the ‘Tampon Tax’”

    Reality: The Free Periods campaign group said it was "misleading" for the UK government to say Brexit was necessary to eliminate VAT on menstrual products. Ireland does not have VAT on sanitary products, and an EU-wide ban will be implemented soon.

    • ‘Benefit’ 2: “Brexit means we can now ban Pulse Fishing”

    Reality: France and Belgium have already outlawed the practice in their territorial waters. The UK could have done the same when it was still a member of the EU. An EU-wide ban comes into force on July 1 2021.

    • ‘Benefit’ 3: “After Brexit we can have free ports”

    Reality: There are more than 80 special economic zones, or free ports, across the EU, so they could have been done pre-Brexit. And in any case, they are of limited value, and can often be a haven for money laundering and tax evasion.

    • ‘Benefit’ 4: “There will be no non-tariff barriers after Brexit”

    Reality: From English fish merchants and Scottish seafood exporters to hauliers crossing the Dover Straits, British businesses are unable to trade as smoothly as before, with new barriers meaning some companies will be unable to export at all and others are being turned away at ports.

    • ‘Benefit’ 5: “Because of Brexit, freed from EU rules, we were able to approve vaccines quicker”

    Reality: The Pfizer-BioNTech and Oxford-AstraZeneca vaccine approvals took place within the framework of EU rules, while the Moderna vaccine has already been approved by EU regulators - but because of Brexit, its availability in Britain will be delayed until April.

    This is a bad deal for Britain

    As the realities this week show, this bad deal for Britain leaves us in a worse position than we held as a member of the EU. It is the first ever trade deal to increase barriers to trade. It turns us into rule takers rather than rule makers. And we have lost our precious, life-changing rights to freedom of movement.

    If you want to find out more about what we have lost by leaving the EU, the EU has released this handy scorecard outlining the brutal reality of everything we have lost as a result of Brexit.


    If you are not already a member, please join, and help us build back our relationships with the EU and get back those rights we have lost:

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  • ‘We are leaving the club. No one asked us to go’ – History shows that Brexit will damage us all

    The personal and human relationships between us and our continental neighbours are priceless, writes Michael Heseltine, yet every abusive headline echoes across the channel

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