Wednesday, November 6, 2024

The damage Brexit is wreaking on Britain's economy is only just beginning, The Independent revealed this week. 

The UK's decision to leave the EU has put a bomb under the creative sector and left businesses drowning in post-Brexit red tape. 

Government estimates are that it will reduce Britain's overall trade with the world by 15 per cent, with a long-run 4 per cent hit to the size of the economy. 

But a Treasury minister admitted this week, citing Office for Budget Responsibility calculations, that just 40 per cent of the Brexit impact has so far been felt. 

With 60 per cent yet to materialise, the Brexit damage is only just getting started.

Written by Archie Mitchell

The Brexit Headlines 

Worst of Britain's Brexit pain is still to come, admits Treasury minister

Treasury minister Tulip Siddiq said 60 per cent of the economic impact of Brexit is yet to materialise

Post-Brexit red tape puts classical music industry under threat, top soprano warns

The prime minister is facing calls to urgently cut the red tape blocking travelling singers and bands from touring the continent

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning

Figures published alongside Budget spark claims UK's exit from EU is 'elephant in chancellor's study'

Don't forget to complete your registration

We've noticed that you still have not completed your registration to The Independent. Registration is a free and easy way to support our journalism. It allows us to better understand our readers and tailor your experience.

By registering, you'll also gain access to a range of exclusive benefits, including:

Unlock these benefits by completing your registration today. 

Opinion of the week

Polish PM and former European Council president Donald Tusk:

"Harris or Trump? Some claim that the future of Europe depends on the American elections, while it depends first and foremost on us. On condition Europe finally grows up and believes in its own strength. Whatever the outcome, the era of geopolitical outsourcing is over." 

STAT OF THE WEEK

60% 

Of the impact of Brexit on Britain is yet to be felt, according to the Office for Budget Responsibility

What you might have missed

MOST COMMENTED

The Independent proudly partners with Refuge and the National Domestic Abuse Helpline: 0808 2000 247

Join the conversation or follow us

Download the free Independent app

Please do not reply directly to this email

You are currently registered to receive The Independent's Brexit and Beyond newsletter.

To unsubscribe from The Independent's Brexit and Beyond newsletter, or to manage your email preferences please click here.

This e-mail was sent by Independent Digital News and Media Ltd, 14-18 Finsbury Square, London EC2A 1AH. Registered in England and Wales with company number 07320345

Read our privacy policy and cookie policy