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22 Mar, 5 tweets, 2 min read
Brexit is causing structural harm to many U.K. firms, @BCCAdam says in an interview. Quick highlights... 1/ bloomberg.com/news/articles/…
Marshall says the disruption to trade and companies is not just about `adjustment'. These are permanent effects which, in some cases, pose an existential threat to business models 2/ bloomberg.com/news/articles/…
Of the 40% decline in exports to the EU in January, he says a ``large chunk'' of that is Brexit related 3/
He also calls for honesty and transparency from government and businesses about data relating to post-Brexit trade. Govt insists freight volumes are back to normal levels, but Marshall says..
Full write-up is here ends/ bloomberg.com/news/articles/…

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More from @Joe_Mayes

Joe Mayes Profile picture
12 Mar
New: as U.K. exports to the EU fell 40% in January, British firms are angry that they're drowning in red tape -- while imports from the bloc are being waved in to Britain 1/ bloomberg.com/news/articles/…
Steve Howell's Foodlynx sends British bacon and sausages to the EU. He's seen weeks-long delays to shipments and paid £thousands in extra customs fees since Brexit. He's outraged the government is postponing import checks on EU goods... 2/
`My reaction is absolute dismay,' Howell said. `I can’t believe they could be so stupid to kill U.K. exports, but allow free rein into our country from the EU' 3/
Read 6 tweets
Joe Mayes Profile picture
8 Mar
New: the government is considering delaying Brexit import checks, due to supply chain fears 1/ bloomberg.com/news/articles/…
In short, the govt is worried about the impact of the next wave of Brexit red tape coinciding with lockdown lifting and pubs and restaurants re-opening 2/
The new requirements include export health certificates on food coming from the EU (are there enough vets to issue them? are companies ready?) and full import declarations for all goods from July 1 3/
Read 7 tweets
Joe Mayes Profile picture
17 Feb
Exclusive: the government was about to publish a plan for monitoring and evaluating free-trade deals in December. Then it signed the Brexit deal, and the plan was shelved 1/ bloomberg.com/news/articles/…
In an internal email seen by Bloomberg, the Department for International Trade was due to publish this document - Free Trade Agreements: Monitoring and Evaluation Framework - in the w/c Dec. 14, just before the Brexit deal was concluded on Christmas Eve 2/ Image
It commits the government to detailed scrutiny of new FTAs it signs -- biennial monitoring reports, and a full evaluation report within five years 3/ ImageImage
Read 10 tweets
Joe Mayes Profile picture
10 Feb
This is a pretty stunning paragraph in the EU's letter to Michael Gove. It effectively claims the U.K. is not enforcing the Northern Ireland Protocol 1/
And the UK request to extend grace periods for trade? It gets a hard knockback. Essentially EU says: this is what you signed up to, so do it 2/
Big question for the UK now - what does it do? Johnson has threatened activate Article 16 of the protocol - which allows you to suspend parts of it - if the trade issues weren't resolved. But will he actually follow through... 3/ bloomberg.com/news/articles/…
Read 7 tweets
Joe Mayes Profile picture
10 Feb
New: Just as Britain's pubs and restaurants expect a post-lockdown boom, a new Brexit problem threatens to spoil the party... 1/ bloomberg.com/news/articles/…
From April and July, the U.K. will impose new import controls on food and drink coming from the EU -- which makes up about 30% of Britain's food supply. (Up until now, the government has been waving this stuff through the border) 2/
The timing of these new checks -- extra paperwork, border control posts -- coinciding with a likely surge in demand for eating out etc, has executives very worried. `It's going to be like a Big Bang, a peak season of all peak seasons,' said Peter Ward of @UKWarehouse 3/
Read 9 tweets
Joe Mayes Profile picture
9 Feb
New: The U.K. won't publish an impact assessment of its trade deal with the EU 1/ bloomberg.com/news/articles/…
The PM's spokesman was repeatedly asked today if we'd get a formal assessment -- like we've had for other trade deals, such as the Japan accord 2/ gov.uk/government/pub…
But no joy. The reply: `We’ve set out the detail of the deal, and the opportunities and benefits it provides the U.K. We’ve been clear it’s a good deal, which allows us to maintain access to the EU market.' 3/
Read 6 tweets

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