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A month into Brexit, firms are being slowly ground down.
Just teething problems?
"Bureaucracy is the new reality and there’s more to come," says @SamuelMarcLowe
Hidden under Covid, the effects seeped into all parts of the economy...
@business
https://www.bloomberg.com/news/articles/2021-01-30/a-month-on-from-brexit-u-k-firms-are-being-slowly-ground-down
Just teething problems?
"Bureaucracy is the new reality and there’s more to come," says @SamuelMarcLowe
Hidden under Covid, the effects seeped into all parts of the economy...
@business
https://www.bloomberg.com/news/articles/2021-01-30/a-month-on-from-brexit-u-k-firms-are-being-slowly-ground-down
The headaches ranged from the farcical...
Like Dutch customs seizing a trucker’s ham sandwich because of the new rules on meat and dairy imports
Which Essex pig farmer Fergus Howie of @WicksManor says was "petty and ridiculous" given EU-UK trade is "flowing as normal"
Like Dutch customs seizing a trucker’s ham sandwich because of the new rules on meat and dairy imports
Which Essex pig farmer Fergus Howie of @WicksManor says was "petty and ridiculous" given EU-UK trade is "flowing as normal"
To the shocking...
Like the truckloads of British pig meat waiting to be shipped to Germany and stuffed into bratwursts that perished at a port while stuck in line for customs clearance
And empty shelves at supermarkets in Northern Ireland
Like the truckloads of British pig meat waiting to be shipped to Germany and stuffed into bratwursts that perished at a port while stuck in line for customs clearance
And empty shelves at supermarkets in Northern Ireland
The altered landscape poses a question of survival for businesses that relied on hassle-free, low-cost movement of products on and off the continent
And pre-Brexit stockpiling means January may not even have told an accurate trade picture...
And pre-Brexit stockpiling means January may not even have told an accurate trade picture...
Some hauliers returned to the EU empty to skip queues, which lifted freight rates for 6 straight weeks 
Others avoided Britain altogether - France-UK transport volumes sank as firms took direct routes to Europe
Exclusive @TRANSPOREON_TPG data https://twitter.com/lizzzburden/status/1354085035834564618?s=20
Others avoided Britain altogether - France-UK transport volumes sank as firms took direct routes to Europe
Exclusive @TRANSPOREON_TPG data
https://twitter.com/lizzzburden/status/1354085035834564618?s=20
Away from ports, shoppers buying online from the EU were hit with import duties, which may fuel worries about inflation - households' outlook for price increases is already elevated
Here's why, via @Quicktake https://twitter.com/Quicktake/status/1351887691877666817?s=20
Here's why, via @Quicktake
https://twitter.com/Quicktake/status/1351887691877666817?s=20
Meanwhile, a Brexit deal on finance could be years off and the City of London is already seeing parts of its business, like stock and derivatives trading, slipping away
More from @sabrush & @virenvaghela https://www.bloomberg.com/news/articles/2021-01-21/derivatives-trading-fled-europe-for-u-s-platforms-after-brexit
More from @sabrush & @virenvaghela
https://www.bloomberg.com/news/articles/2021-01-21/derivatives-trading-fled-europe-for-u-s-platforms-after-brexit
Even fishing was an early victim, despite @Jacob_Rees_Mogg's claim the fish now in British waters are "happier" 
Fish exporters are hit with the most different, new paperwork - customs, health AND catch certificates
More here from @Edspencive https://www.bloomberg.com/news/articles/2021-01-13/brexit-deal-may-actually-mean-less-british-cod-for-fish-chips
Fish exporters are hit with the most different, new paperwork - customs, health AND catch certificates
More here from @Edspencive
https://www.bloomberg.com/news/articles/2021-01-13/brexit-deal-may-actually-mean-less-british-cod-for-fish-chips
Overall, the first month of Brexit has underlined that the UK & EU are no ordinary trading partners - consequences are only starting to play out
“Proximity matters,” says @DavidHenigUK. “Seamless trade is a thing of the past"
@business story here https://www.bloomberg.com/news/articles/2021-01-30/a-month-on-from-brexit-u-k-firms-are-being-slowly-ground-down
“Proximity matters,” says @DavidHenigUK. “Seamless trade is a thing of the past"
@business story here
https://www.bloomberg.com/news/articles/2021-01-30/a-month-on-from-brexit-u-k-firms-are-being-slowly-ground-down
