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Currently showing ALL dossier entries.

The downsides

February 2024Bootstrap
1700.
Government
EU Relations

A Labour backbencher, in the Welsh Assembly has claimed that Wales’ role in influencing UK-EU relations has been 'removed' since Brexit. Huw Irranca-Davies, during a debate in the Senedd constitution committee, cited evidence from witnesses that the role of devolved governments in UK-EU decision-making has diminished. Mr Davies said: “Our ability to influence decisions that have a real extraterritorial impact on people in Wales today has not simply been diminished, it’s been removed.” James Evans, a Conservative, who represents Brecon and Radnorshire, also raised concerns about Wales losing its voice in governance arrangements.

1699.
Health
Vets

The new President of the British Veterinary Association (BVA) in Northern Ireland has pledged to keep up the fight against a pending EU blockage of 51% of veterinary medicines coming into NI from GB. A grace period agreed with the EU after Brexit comes to an end in 2025. Dr. Sharon Verner, elected last week, says if the issue remains unresolved, it could see Northern Ireland lose access to up to more than half of veterinary medicines.

1698.
Manufacturing
Automotive

William Bain, head of trade policy at the British Chambers of Commerce has claimed the UK's electric vehicle industry faces a “cliff edge” when a delay to Brexit tariffs on vehicles traded between the UK and EU ends in 2027. A review of the post-Brexit trade agreement is not likely to resolve “rules of origin” requirements that have seen tariffs postponed for three years, Mr Bain said, “unless there’s a huge change in the pattern of where UK and EU car manufacturers are sourcing the batteries.” The UK is the only European country not in the Pan-European Mediterranean (PEM) Convention on Rules of Origin

1697.
Culture
Museums

Delays to a major £45m refurbishment at Paisley Museum have been blames on the impact of Brexit and the Covid-19 pandemic. The landmark facility – which chiefs hope will be a "world-class visitor attraction" – had been scheduled for this year but will now be pushed back until spring 2025. Dr Victoria Hollows, CEO of OneRen, the trust responsible for culture in Renfrewshire said delays had been caused by “the impact of Brexit on securing specialist workers and materials, as well as the economic after effects of the pandemic and war in Europe.”

1696.
Food
Fishing

An Oyster company in Jersey has lost 75% of its EU customers since Brexit. Chris Le Masurier, owner of the Jersey Oyster Company, told the BBC the amount of paperwork that needed to be submitted often led to mistakes and further delays and that Jersey's "reputation is being tarnished." He described the restrictions as "bureaucratic nonsense" which is "ruining" his business. Since 2021 all consignments of Jersey caught fresh fish and bi-valve molluscs such as oysters must enter the EU through a Border Control Post and delays meant the produce is no longer fresh.

1695.
Food
Regulation

A poll by Survation on behalf of the campaign group Best for Britain suggests that almost one in five UK consumers are less likely to buy products that are labeled ‘Not for EU,’ a requirement for all British meat and dairy produce from October 2024. Just three in ten consumers understand where ‘Not for EU’ products are manufactured. Best for Britain claims this is a 'fresh blow' to British farmers and retailers could face new and unforced financial strain from a lack of consumer confidence.

1694.
Northern Ireland
EU

Civil servants in Northern Ireland will face “capability and capacity” issues when examining new EU laws and assessing their consequences, according to a senior official giving evidence to Stormont’s Windsor Framework Democratic Scrutiny Committee. Before Brexit, thousands of Whitehall civil servants examined the impact of new EU laws but now a far smaller team of Stormont civil servants will be tasked with supporting the work of the scrutiny committee. EU law still applies in Northern Ireland under post-Brexit trading rules.

1693.
Economy
Trade

Trade expert Dr Rebecca Harding told CityAM that the UK’s new Free Trade Agreement's, excluding the new agreement with the EU, “capture relatively little of our international trade-based GDP”. Since leaving the EU Britain has become “a less trade intensive” economy, she claimed, adding that in the post-Covid world, states have become “more protective” of their interests, approaching deals “in a more strategic way”.

1692.
Financial Services
Stock market

In what The Daily Telegraph describes as a “fresh blow” to the square mile, the British pharmaceutical company Indivior, is to drop its primary listing on the London Stock Exchange and move to New York. Indivior, which makes treatments for opioid addiction and schizophrenia, said it could move its primary listing to the US as soon as this summer and is consulting shareholders over the switch. Although Brexit is not specifically mentioned, the company joins an 'exodus' of FTSE companies quitting London since Britain left the EU.

1691.
Agriculture
Horticulture

A survey by the Horticultural journal Hortweek has revealed that 93% of respondents believe the new Border Control Posts (BCPs) set to be implemented on 30 April this year will have a negative impact on plant imports. This sentiment reflects the industry’s apprehension about the post-Brexit landscape, where import costs and requirements have become a significant consideration for garden centre retailers and ornamental growers.

1690.
Environment
Fishing

Denmark and Sweden are pressing the EU to take action against the UK in a fresh post-Brexit fishing dispute, according to the FT. Plans to ban the catching sand eels on Dogger Bank in the North Sea for environmental reasons has outraged Danish and Swedish fishers who use sand eels as pig feed and for producing fish oil. Danish foreign minister Lars Løkke Rasmussen told his EU counterparts they had to “take a common stand to avoid a de facto erosion of fishing rights”.

1689.
Food
Investment

Plans by the government to require all meat and dairy products sold in the UK to be labeled “Not for EU” consumption will raise food costs, hit exports and deter investment in domestic food manufacturing, the Food and Drink Federation (FDF) has warned. The FDF said the post-Brexit labeling regime will cost “hundreds of millions of pounds” and had already caused international investors to “pause” plans to put capital into the UK. CEO Karen Betts, in a letter to Cabinet Office minister Steve Baker, claimed it would lead to higher prices and lower investment at a time when investment in the sector is already down.

1688.
Economy
Housing

A Conservative MP has claimed the UK’s post-Brexit migration system is exacerbating the country’s housing crisis. Neil O’Brien, a former levelling-up minister, said that while migrants were not “to blame” for the origin of the problem, the effect of migration had added to the housing crisis and made it harder for the government to tackle. Mr O’Brien said the problem was particularly acute in London, where 67% of private rented households were headed by someone born overseas.

1687.
Financial Services
Investment funds

Officials from the Treasury, Bank of England, and Financial Conduct Authority are to raise concerns in Brussels about what they say is the EU’s lax approach to regulation of the European Money Market, reports Politico. In what is described as “the ultimate irony” UK authorities are lobbying the EU to impose more red tape. Britain's financial watchdog is to set out plans to require some domestic funds to hold more easy-to-sell assets but cannot act alone because 90% of sterling money market funds are based in the EU and fall under the bloc's regulations.

1686.
Economy
Food

According to The Guardian, UK food businesses sending products to the EU have had to spend an extra £170m in export costs because of Brexit red tape, with the changes described as being “catastrophic” for some exporters. In the three years since leaving the single market, exporters of foods of animal origin have had to pay the sums to secure sign-offs by vets before they can send their shipments. In the past 12 months alone, exporters have paid more than £58m. The extra costs have resulted in a sharp fall in exports, particularly among smaller producers, with the value of meat product

1685.
Agriculture
Animal welfare

In a letter sent to Steve Barclay the DEFRA secretary, his cabinet colleague Kemi Badenoch has warned that plans to introduce labels promoting homegrown food products, including the high animal welfare standards used to produce them, will drive up food costs and risk upsetting Britain’s trade partners. Badenoch wrote: “I am very concerned about the costs of such an approach on domestic producers and exporters to the UK,” in a letter to Barclay seen by the Financial Times.

1684.
Financial Services
Banking

The US investment bank Morgan Stanley has been accused of trying to 'dupe' the European Central Bank by giving a senior employee the fictitious job title of “head of loan trading” that “only existed on paper” solely to meet EU regulatory requirements. The ECB has repeatedly warned that after Brexit banks must move “sufficiently senior key risk-takers and proper reporting lines into the European entity” and that they will not accept 'brass plate operations.' It appears that Morgan Stanley have tried to circumvent the rule.

1683.
Services
Food

Ruth Watson, founder of the ‘Keep Scotland the Brand’ campaign claims Scottish businesses are struggling, with the spiralling costs of Brexit, the price of energy, a one-sided VAT burden and high business rates adding yet more weight in challenging times but are surviving by working together. An Italian restaurant in Edinburgh, Contini George Street, said: “We import these amazing ingredients every week from Italy. That now takes an extra day to have the pallets inspected and checked at customs. We need to have phyto-sanitary certificates – who would have known what that even was 10 years ago?”

1682.
Culture
Musicians

Professor Jonathan Freeman-Attwood, the principal of the Royal Academy of Music, has said that Brexit has brought no benefits and instead may cause “terminal damage” to the UK’s music industry. He told the European Movement that the proportion of European students at the London academy had fallen by half since 2016 and warned that Brexit has “stopped the flow of talent coming in. “It has been a complete no-win situation, not just for higher education but actually for music higher education, and particularly an institution like this that was founded over 200 years ago by Europeans.”

1681.
Education
Student numbers

Research by the think tank UK in a Changing Europe (UKICE) suggests that without “significant and immediate structural changes,” continuing to attract a large number of overseas students is a necessity for the survival of many UK higher education institutions. However, international student enrolment is now expected to stagnate or decline, due to a decrease in the attractiveness of studying in the UK. This is partly financial, due to the increasing strength of the pound. But it is also due to policies such as the new limits on family visas for the dependents of overseas students.