Economic effects of Brexit

Cumbrian exporters wait for news on new trade deals

Cumbrian companies that rely on exports, say they are in desperate need of more information to help them to cope with the potential impact of the end of the Brexit transition in December.

Hawkshead Relish has been exporting chutneys and pickles all over the world for more than 15 years.

Hawkshead Relish
Google

Maria Whitehead, one of the founders, says the firm needs to plan ahead, and wants to know what sort of trade taxes and regulations it may be dealing with.

Ministers say they are aiming to get agreements with countries the far wide of the world.

My main concern really I suppose is that we don't crash out without some sort of a deal in place."

Maria Whitehead

My department has opened negotiations in parallel with the United States, with Japan, with Australia, New Zealand, and we are now looking at joining the trans-Pacific partnership, we are opening up the world to the UK's exporters."

Graham StuartExports minister
Brexit: Michel Barnier on UK-EU trade deal negotiations
The EU’s chief negotiator says there will be “no ambitious trade deal without an ambitious level playing field” over competition.

Gove: Coronavirus could hit Brexit trade talks round

Michael Gove
Getty Images

Coronavirus could hit the next round of Brexit trade talks, Cabinet Office minister Michael Gove has said.

He told a committee of MPs that negotiations and face-to-face meetings could be hit by the spread of the virus.

"It is a live question," he said. "We have had indications today from Belgium that there may be specific public health concerns."

'UK not out of Brexit fog'

UK notes and coins
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Robert Alster, head of Investment Services at Close Brothers Asset Management has been taking a look at the latest inflation figures.

“Inflation is ticking upwards, driven by greater consumer confidence, but does remain below target," he says.

"However, despite this greater economic optimism, the UK is not yet out of the Brexit fog and the 31 December cliff-edge is only getting closer. The Bank of England will be trepidatious about bold monetary decisions until the scale of this post-EU disruption is known. A similar approach is expected to be taken by the new Chancellor on 11 March [Budget Day]."