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Brexit

"Rotting Fish, Lost Business and Piles of Red Tape"

10 replies

Goingtothebudgies · 23/01/2021 21:55

edition.cnn.com/2021/01/23/business/brexit-business-intl-gbr/index.html

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bellinisurge · 23/01/2021 22:06

🤷‍♀️🤦‍♀️

Mistigri · 24/01/2021 08:39

And DTI advisers advising businesses that small consignments to the EU are no longer viable and it therefore makes sense to set up subsidiaries in the EU (laying off U.K. employees in the process).

Goingtothebudgies · 24/01/2021 12:19

"Despite Johnson's repeated claims that Brexit is a great opportunity for British exporters and would lead to some kind of revival for free trade, the reality is very different: freshly caught fish are reportedly being left to rot as exporters cannot get them to the European Union while logistics firms are skeptical that both importing and exporting is going to be viable for many businesses in the long term. Fallout from Brexit and the coronavirus pandemic is pushing the UK economy into a sharp contraction in the first quarter, according to data published Friday by IHS Markit, meaning a double-dip recession is now on the cards.
While it should be a source of embarrassment for the PM that his deal has made life very difficult for many of the industries that he has championed post-Brexit, Johnson's public statements on the matter suggest he is oblivious to the reality that many are facing."

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Goingtothebudgies · 24/01/2021 12:20

"Trade experts are concerned about the gradual decline in EU-UK trade. "The slow decline is in some ways more dangerous than sudden food shortages," says David Henig, UK director at the European Centre For International Political Economy. "I am particularly concerned about exporters being unable to fulfill orders and losing customers or just giving up completely. The long-term message that sends could be very damaging for inward investment," he adds."

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Goingtothebudgies · 24/01/2021 12:21

"And despite everyone involved working hard to resolve the early issues, Jerzewska fears this won't be enough to save struggling British exporters. "At the moment it's shock, but the underlying costs are not going away. And for traders who work at thin profit margins, an extra couple of percentage points could be the end.""

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Goingtothebudgies · 24/01/2021 12:23

"Many Brexiteer lawmakers felt vindicated when the world didn't fall off its axis in the immediate aftermath of Brexit, as plenty of the anti-Brexiteers' worst nightmares failed to materialize. However, if the current trajectory of gradual decline continues, the slide could become uncontrollable."

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Goingtothebudgies · 24/01/2021 12:24

And then there's the likely loss of the City:
"There isn't much optimism that things will improve in the near future among moderate Conservatives. Many are extremely worried that the gradual decline caused by Brexit will ultimately lead to Europe trying to lure Britain's golden goose to the continent: The City of London, which hosts many of the world's biggest banks."

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KonTikki · 24/01/2021 12:35

The UK was never going to implode from Brexit, just a slow drip drip of decay ...

bellinisurge · 24/01/2021 13:21

You are just being so mean to people's dreams with your practical reality stuff. You need to beleiiiiiiiiive more. Honestly Mumsnet is just an echo chamber of Remoaners who don't know what it's like for ordinary people.

I'm just saying this stupid shit because leavers don't come on here any more and it's important we remember the salient points of their argument.

ICouldHaveCheckedFirst · 24/01/2021 13:26

@Goingtothebudgies
Excellent article, thanks for sharing. I've reposted your link on the current Westminstenders thread. Come on over...

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