Brexit may be a done deal and is already currently taking effect; however, its ramifications will affect Britain for years to come. After all of the protest made when UK Prime Minister Boris Johnson made a deal with Brussels on December 24, 2020, the reality of leaving the EU's customs and regulatory territory is starting to surface. The fact that the said deal was only … [Read more...] about Reality of Brexit Deal Hits the UK as Supermarkets Slowly Run Empty
Brexit
Brexit Aftermath: UK Retailers Wants to Burn Goods Stuck in EU, Cost of Some Products Skyrocketed
Brexit deal may cause UK retailers to abandon the goods that EU customers want to return. Some of them are even thinking of just burning the items because it is cheaper to get rid of them than bringing them back to the UK. Retailers said that the new EU trade deal had put costly duties on the returns when businesses are already struggling due to the pandemic. UK Retailers … [Read more...] about Brexit Aftermath: UK Retailers Wants to Burn Goods Stuck in EU, Cost of Some Products Skyrocketed
Brexit Effect: UK Pound is Still Strong But May Suffer in the Next Few Years
Since January 1, 2021, the Brexit deal did not significantly affect the British pound's exchange rate. The pound was still steady against the other currencies, such as the US dollar, which at the time was at US$1.36 and has strengthened a bit against the euro to €1.12. These figures are consistent with the expectations of the global market. Now the question is, what will … [Read more...] about Brexit Effect: UK Pound is Still Strong But May Suffer in the Next Few Years
Brexit Ramification: How it Affected British Pound and Euro
The British pound had suffered immensely since the United Kingdom voted to leave the European Union. The two Downing Street successions were immediately followed by the COVID-19 pandemic that has affected the whole world and is reflected in the currency exchange market. But why did Brexit affect the British pound and euro so much? Numerous factors can cause currency … [Read more...] about Brexit Ramification: How it Affected British Pound and Euro
Brexit and COVID-19 Pushes Millions of Immigrants to Leave the UK for Good
A new study showed that millions of migrants had left the United Kingdom, marking this as the largest population decline since World War II. From July 2019 to September 2020, more than 1.3 million people who were born abroad decided to leave the United Kingdom just over a year of being there, according to the UK's Economic Statistics Centre of Excellence or ESCoE on January … [Read more...] about Brexit and COVID-19 Pushes Millions of Immigrants to Leave the UK for Good