Saturday, September 21, 2024

Michael Lambert: Brexit Has Broken the British Economy and There Is Plenty More Bad News

Sep 21, 2024 | This week, there have been many stories in the media concerning the negative aspects of Brexit. They point out how difficult trade between the UK and the EU has become.

According to Cambridge Econometrics Brexit has already cost the UK more than £140 billion and is likely to cost us £331 billion by the middle of the next decade.

Most sectors of the economy appear to be suffering, but especially agriculture. Import controls on food coming into the UK have been delayed yet again whilst the meat industry struggles with new post Brexit controls.

Many pesticides which were previously prohibited under EU law are now acceptable in the UK, including some which are considered 'highly hazardous'.

The government seems to be relying upon growth to solve our economic problems despite the difficulty of achieving such growth.