The cross-party, cross-business UK Trade and Business Commission today heard that post-Brexit import checks are resulting in less choice and higher prices for UK consumers.

Responding to analysis by the Office of Budget Responsibility that the UK missed out on much of the recovery in global trade after the start of the pandemic, and appears to be a ‘less trade intensive economy’, Hilary Benn MP, Co-Chair of UK Trade and Business Commission, said:

Responding to the Public Accounts Committee Report warning that post-Brexit trade agreements may not provide any "actual economic benefits", Hilary Benn MP, Co-Chair of the UK Trade and Business Commission, said:

MPs and business leaders have today outlined a roadmap for the UK and EU to remove continued points of division and barriers to trade as both sides face massive external economic and security challenges.

A new statement from the Treasury suggests that the UK Government has collected no data about how much new post-Brexit import checks are costing businesses.

Today, new ONS figures on challenges facing UK businesses showed that weeks after the introductions of new post-Brexit import checks, a third of businesses reported a drop in turnover, 72% of businesses reported importing challenges and that less than two thirds of transport and storage businesses were fully trading.

Responding to the report from the Public Accounts Committee (PAC) that ‘the only detectable impact’ of Brexit so far is ‘increased costs, paperwork and border delays’ Tamara Cincik CEO of Fashion Roundtable who sits on the UK Trade and Business Commission said,

Responding to the ONS October trade statistics, Alison Williams, member of the UK Trade and Business Commission and Global Head of Data at DunnHumby, said:

Responding to Keir Starmer’s speech at the CBI annual conference, Peter Norris, Chair of Virgin Group and Co-Chair of the UK Trade and Business Commission, said:

At a session of the UK Trade and Business Commission today, travel industry leaders have warned that the future of the UK outbound travel sector is at risk if the Government fails to agree a Youth Mobility Visa with EU partners enabling young people to develop the skills and experience needed for the industry in the coming years.

Responding to the news that the UK’s Brexit losses are more than 178 times bigger than trade deal gains, Hilary Benn MP, Chair of the UK Trade and Business Commission, said

Responding to comments from the Office for Budget Responsibility that Brexit would have double the negative impact on the UK economy compared to the pandemic, Hilary Benn MP, Chair of the UK Trade and Business Commission, said:

Members of the cross-party, cross-industry UK Trade and Commission have called on the government to act quickly to address ongoing crises in the UK labour market and supply chain before they are made significantly worse by current global energy shortages.

The cross-party UK Trade and Business Commission of MPs and business leaders has published recommendations to improve the government’s Brexit deal which continues to cause serious problems for people and businesses including the ongoing supply crisis.

The acute supply issues plaguing Britain are set to continue according to industry experts who today warned of a “very challenging” Christmas among longer term consequences as the supply chain faces a “perfect storm” of problems.

New figures reveal that the government has paid out just a third of the money set aside to help businesses cope with the increased bureaucracy and costs resulting from the UK’s withdrawal from the European Union.

Responding the Prime Minister's ‘levelling up' speech in Birmingham today, Hilary Benn MP, who co-convenes the UK Trade and Business Commission said:

In a session of the cross-party UK Trade and Business Commission examining digital trade and data, expert witnesses issued stark warnings on the potential damage of diluting Britain’s data protections both by changing regulations and by signing new trade deals which expose UK rules to legal challenge.

Small businesses today called for the appointment of a new dedicated minister in the Department for International Trade to help them navigate challenges following Britain's withdrawal from the EU.

Leading City figures today warned MPs on the cross-party UK Trade and Business Commission that lack of trust between the EU and UK is undermining the chances of securing better market access for the UK financial services sector.