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In 2024, French customs considered Brexit, in the meantime, has reduced trade between the UK and the EU, but increased trade between Popular China and the United Kingdom: [109] Imports from the EU to the UK have dropped from 52% to 40%, while imports from China and the United-States have increased from 9% to 13% and from 9% to 12% respectively ...
Danuta Hübner, the head of the European Parliament Committee on Constitutional Affairs, has argued that after Brexit, English would no longer be an official EU language: "We have a regulation … where every EU country has the right to notify one official language. The Irish have notified Gaelic, and the Maltese have notified Maltese, so you ...
At least 3.6 million immigrants have entered the UK since Brexit (between June 2021 and June 2024, the latest available data); with net migration at 2.3 million over that period.
Economists expect that Brexit will have damaging immediate and longer-term effects on the economies of the UK and at least part of the 27 other EU member states. In particular, there is a broad consensus among economists and in the economic literature that Brexit will likely reduce the UK's real per capita income in the medium and long term ...
The post-Brexit investing environment has been ugly for some. Here are eight figures that sum up what's happened in the days since the Brexit vote.
Some have argued that immigration has a dampening effect on wages due to the greater supply of labour. [100] However, other studies suggest that immigration has only a small impact on the average wage of workers. Immigration may have a negative impact on the wages of low-skilled workers but can push up the wages of medium- and highly paid workers.
The British economy is 5% worse off since Brexit, which officially happened about four years ago, as it has stalled trade and investment activity in the country, Goldman Sachs economists said in a ...
Also, the 'Most favoured nation' clause in CETA requires that every privilege given to the UK must also have to be given to any other country with which the EU has a free trade agreement, e.g. Canada and Japan. [6] It is assumed a deal containing financial services cannot be negotiated in less than two years. [6]