Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]
Record waiting time: Brexit triggers tsunami of trade mark applications as UK firms rush to protect intellectual property January 17, 2022 Brexit has triggered a record number of applications for trade marks in the UK, with 195,000 registered in the past year, up 54 per cent from 127,000 the year before, according to data shared with Morning Wire today. Waiting times for trade mark applications reached three to four months in the early part of 2021, [...]
UK farmers face bankruptcies and closures as £1.8bn in EU cash stops with MPs warning ‘blind Brexit optimism’ may lead to higher food prices January 16, 2022 Direct agriculture funds of around £1.8bn per year will be cut by half in 2025 and completely dry up by 2027, under new government plans. As the EU’s Common Agricultural Policy (CAP) no longer applies to British farmers following the UK’s departure from the EU, MPs warn in a new report for ‘blind Brexit optimism’ [...]
Northern Ireland Protocol is unique opportunity for businesses, says expert January 12, 2022 An international trade expert has encouraged UK businesses to capitalise on Northern Ireland's continued EU access post-Brexit.
Turn around: Steep rise in EU nationals refused entry into UK as Brexit controls tighten with Romanians half of all who are stopped at border January 11, 2022 The number of EU nationals who have been prevented from entering the UK has risen by a third, according to new data shared with Morning Wire this morning. As the Home Office is stepping up controls, the number of European nationals stopped at the border climbed to 5,266 in the third quarter of last year, [...]
Growing Brexit headache for UK businesses as strict new import rules lay bare British traders lack the skills January 10, 2022 With Britain’s businesses having to declare imports of all EU goods as of 1 January, experts have told Morning Wire UK firms lack the skills and expertise to handle the increase in declarations. Their warning is underpinned by the Institute of Export & International Trade, saying it reported a 379% increase in enquiries to its technical helpline last [...]
EU domain name revoked: thousands of UK websites taken down in post-Brexit internet push January 5, 2022 Nearly 50,000 internet domain names belonging to UK businesses and citizens have been taken down this week following the revocation of their .eu domain names.
Boost for Global Britain as UK exporters enjoy £620m surge in post-Brexit trade with South Korea January 5, 2022 A “huge” demand for British products and services in South Korea is boosting UK companies exports to the east Asian country, according to the government. International trade secretary Anne-Marie Trevelyan said that British firms saw a £620m surge in exports to South Korea last year, a jump of nine per cent. Trade between the UK [...]
Brits have to pay for entry to the EU from this year: Cash and pre-authorisation needed for post-Brexit trips to Europe January 5, 2022 Brits will have to start paying €7 per person and pre-register their details in order to enter the European Union from this year. Reports had surfaced in various European media in recent weeks that access to all Schengen EU countries would come at a cost from 2022, and when approached by Morning Wire this morning, [...]
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year January 4, 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]