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The Brexit/trade agreement led to a change in duty and in VAT. For instance, EU buyers of British-made items now pay their national VAT rather than the (previously applicable) British one. Products sold by British vendors but made (for example) in China may be subject to additional import duties.
The cost of Brexit is still being determined, but the government watchdog estimates that the economy will take a 15 per cent hit to trade in the long term, while experts suggest that the UK has ...
On the 7th of September 2023 as part of Post Brexit renegotiations which amended the Northern Ireland protocol and helped to improve relations between the EU and the UK it was announced by the UK government that the UK was re-joining the Horizon Research Scheme, Which allowed for Scientists and Universities within the UK to apply for access to ...
The economic effects of Brexit were a major area of debate [1] during and after the referendum on UK membership of the European Union. The majority of economists believe that Brexit has harmed the UK's economy and reduced its real per capita income in the long term, and the referendum itself damaged the economy.
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Springford estimated that Brexit reduced Britain's economic output - compared with what it would have been without leaving the EU - by around 5.5% as of mid-2022, based on a "doppelganger" model ...
It was claimed that supplies of life saving medications including cancer medication could have been disrupted for up to six months in no-deal Brexit. The Department of Health and Social Care stated in August 2019 that it had taken steps to ensure the supply of medicines and medical products remains uninterrupted after Brexit. [142]
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