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LSE Report: UK faces double whammy from new red tape
New research by the London School of Economics reports that EU-UK imports have fallen by 25% and the number of export relationships has fallen by a third since the EU-UK trade deal was introduced in January 2021.
ONS trade stats: Brexit red tape slows UK growth
Responding to the ONS trade statistics for February 2022, and analysis from the British Chamber of Commerce that the UK is not experiencing the same growth levels as “some of our largest trading neighbours”, Hilary Benn MP, Co-Chair of the UK Trade and Business Commission, said:
Farming shortages: Byzantine system hurting food security
Responding to a new report published today by the House of Commons environment, food and rural affairs select committee which highlights the acute labour shortages facing the food and farming sector caused by Brexit and accentuated by the pandemic, Hilary Benn MP, Co-Convenor of the UK Trade and Business Commission, said:
Less choice and higher prices from new import checks says business owners
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.
PAC report: Government must reveal true economic cost of trade agreements
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:
Commission reveals plan for EU/UK post-Brexit unity as both face external threats and cost of living crisis
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.
New trade stats: Lost EU trade driving fall in imports
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:
Replacing lost EU trade could almost double UK shipping emissions
New analysis shows that replacing the EU trade lost since 2018 with trade from other countries could increase annual emissions from shipping to and from the UK by 88%.
Cross party commission responds to UK New Zealand trade deal
Responding to the news that the UK has agreed a trade deal with New Zealand in principle, Hilary Benn MP, Chair of the cross-party, cross industry UK Trade and Business Commission, said:
Devolution undermined: Ministers call for new structures as Scottish and Welsh industries are ignored in new trade deals
Ministers from the devolved governments in Scotland and Wales have said the UK government has undermined devolution in agreeing new trade deals which impact devolved issues and in by passing the UK Internal Markets Act.
UK Trade Commission responds as government prepares to drop climate commitments from Australia trade deal
Responding to revelations that the UK Government is preparing to drop key climate commitments in their negotiations with Australia on a new trade deal, Caroline Lucas, member of the cross-party UK Trade and Business Commission and Green Party MP said:
An absolute betrayal: Farming experts give evidence on Australia deal to trade commission
Agriculture experts have described the Australia trade deal as "an absolute betrayal" of the farming sector in their evidence to the cross-party UK Trade and Business Commission today.
Cross-party commission to shine light on Australia deal
The cross-party UK Trade and Business commission have issued an urgent call for evidence as news emerged that agreement has been reached between the UK Government and Australia on the broad terms of a new trade deal.
City leaders warn fishing tensions with EU are undermining financial services talks
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.
Food exporters warn MPs post-Brexit checks have created a "monster of a system"
Food exporters describe "kafkaesque" red tape hindering small businesses, with need for an "army of office workers."
ONS trade figures show businesses need help to bounce back from Covid and end of transition period
UK exports to the EU saw a partial recovery in February 2021 but remain well below the same month last year, the latest ONS figures have revealed.