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It has been almost two and a half years since the United Kingdom signed its post-Brexit trade deal with the European Union (EU), which was expected to have multifaceted impacts on the UK economy. The EU-UK Trade and Cooperation Agreement (TCA) was signed on 30 December 2020 and came into effect provisionally on 1 January 2021.
- Trade. As the UK pulled out of the single market and customs union in 2021, companies trading with the EU faced new rules, new paperwork and new checks on some goods.
- Trade deals. What about new trade deals? They could help - but it is early days still. In total 71 trade deals have been struck, which is swift progress, but the vast majority just replicate deals Britain had when it was part of the EU.
- Investment. How much businesses choose to spend on factories, training, equipment and technology, is also affected by our relationship with the EU. And the chancellor acknowledges that investment can turbocharge growth.
- Jobs. Leaving the EU also meant changes to the rules on the free movement of labour and the introduction of a points-based immigration system That has prompted complaints from some unlikely quarters.
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Nov 8, 2021 · Almost a year after it took full effect, the consequences of Britain’s split from the European Union are still unfolding. Here is a guide to what it means, how it came about and what the future ...
Jul 7, 2023 · Perhaps the best estimate of the negative impact on Brexit on UK GDP to date is 2–3% of GDP. One year ago, CEPR published a summary of the evidence on the economic impacts of Brexit on the UK economy (Portes 2022). Since then, the British public appears to have made up its mind on this topic: two-thirds think Brexit has damaged the economy ...
Dec 30, 2020 · The UK voted to leave the EU in 2016 and officially left the trading bloc - its nearest and biggest trading partner - on 31 January 2020. However, both sides agreed to keep many things the same ...
Jun 23, 2021 · Five years since the UK’s shock decision to leave the European Union, Brexit continues to dominate politics in Brussels. Euronews' Shona Murray spoke to Professor Brigid Laffan from the European ...
Research on Brexit and the EU. Explore more impartial research and analysis from the Commons Library on all issues related to Brexit and the EU. Brexit and the EU. Impartial analysis on key areas of post-Brexit agreements reached by the UK and EU and areas affected by the new relationship.
