Brexit

Brexit and pandemic challenged road freight supply chain with Europe

The twin impacts of Brexit and the pandemic had a negative effect on road freight in the first quarter of 2021, with freight tonnage and vehicle movements down significantly, marked by lack of capacity, driver shortages and other disruptions. January was the largest month-on-month drop in imports and exports since records began, which was ultimately

UK exports hit by EU and US tariffs

Despite the tariff-free deal agreed with the EU, up to £3.5bn of British exports have already had taxes applied and the US has introduced new tariffs worth $2bn on European goods, including products from the UK. British goods worth billions of pounds, accounting for about 10% of British exports to the EU, have faced tariffs

Using rules of origin effectively

Rules of origin determine where goods originate from and which are covered in preference agreements. It is not just where goods have been shipped or bought from, with the potential for multiple origins to consider and there can be severe financial penalties for getting it wrong. The origin is where goods have been produced or

Many UK exporters continuing to struggle with European trade post Brexit

Despite the UK economy edging 0.4% higher in February, helped by a partial rebound in trade with the EU as exporters learnt to deal with new Brexit border restrictions, many more are having to dramatically change their business model, or have simply stopped exporting to the bloc. In the second month since the imposition of new EU/UK

Latest market update ; The new EU trading relationship

While the EU/UK vaccine spat has underlined the interconnectivity of supply chains, Boris Johnson is putting an invisible trade barrier between France and the UK and 25% of UK SMEs have stopped exporting to the EU altogether. European Commission President Ursula von der Leyen is under fire from the EU’s leaders, for the slow rollout of Europe’s vaccine

UK Government extend EU import control easements

Michael Gove informed parliament last week that the introduction of stricter EU import controls, in line with Phases 2 and 3 of the government’s Border Operating Model, are to be delayed by at least six months. The minister for the Cabinet Office insisted that the government had responded to businesses’ requests for more time in announcing what he called a “revised timetable”.

Exporters bear brunt of Brexit ‘fallout’

The extension of import border controls is good news for some importers but may undermine negotiations with the EU for reciprocal easements and highlights the challenges still faced by exporters. Imports from the EU, which fell 28.8% in January, maybe buoyed by the government’s decision to postpone import controls, including food and animal product checks, while exports

The freeport effect – what does it mean and what are the benefits

There’s much more to the UK’s freeports than the ability to move goods tariff-free, with businesses potentially enjoying domestic tax breaks and cheaper employee costs, to encourage manufacturing, jobs and investment, in areas that would otherwise struggle to attract them. In his Budget last week, Chancellor of the Exchequer, Rishi Sunak said the freeport’s would