Brexit restrictions have started, and it did not take customs officers long to be strict on what is allowed across the border. On January 12, a customs officer confiscated a ham sandwich wrapped in tinfoil, stashed inside the car he pulled over. Effects of Brexit Deal The footage broadcast by Dutch TV network NPO 1 showed a convivial Dutch border official say, "Welcome to the … [Read more...] about Confiscated Ham Sandwich at the Border Shows Effect of Brexit
Economy
British Pounds Underperformed in the Stock Market as Brexit and COVID-19 Lockdown Take its Toll
The British pound decreased against the dollar and euro on January 11. This news came in the middle of a deteriorating outlook for the UK economy as the coronavirus pandemic continues and the Brexit deal is finalized. British Pound Plummets This report came as a poll of polls suggested UK business output continued to decrease in December 2020, usually a busier season for … [Read more...] about British Pounds Underperformed in the Stock Market as Brexit and COVID-19 Lockdown Take its Toll
UK Chancellor Warns UK Will Witness Tough Times Before Things Get Better
The chancellor has warned the public that the UK economy will experience a challenging time as an instigated third national lockdown took its toll on the economy. "We should expect the economy to get worse before it gets better," says Chancellor Rishi Sunak in an update to MPs on January 11, 2021. Economy Will Struggle Before it Gets Better Sunak said that the restrictions … [Read more...] about UK Chancellor Warns UK Will Witness Tough Times Before Things Get Better
British Companies Suspend Cross-Channel Trade Amid Brexit Red Tape, Higher Costs, Paperworks
Small businesses in the UK suspended their cross-Channel trade operations following Britain's separation from the European Union (EU) on December 31, 2020. Some of the UK's SMEs witnessed the difficulties importers and exporters face, causing them to stop their cross-Channel businesses. Most can't afford the aftereffects launched by the new border rules resulting in an … [Read more...] about British Companies Suspend Cross-Channel Trade Amid Brexit Red Tape, Higher Costs, Paperworks
UK Economy is Projected to Grow in 2021, But Effect Won’t be Felt Immediately
Britain is set to witness economic growth this 2021, but according to forecasts compiled by the Treasury, the said growth's effects won't take effect just yet. Private-sector economists expect the UK GDP to increase by at least 5.4% in 2021. If Britain hits the projected number, that will make it the most significant leap forward for the economy in modern history. The … [Read more...] about UK Economy is Projected to Grow in 2021, But Effect Won’t be Felt Immediately