199
submitted 5 months ago by MicroWave@lemmy.world to c/world@lemmy.world

The UK's public spending watchdog said government expenditures on implementing new rules for post-Brexit imports would total some $6 billion. The report criticized "uncertainty" surrounding government plans.

Britain will spend at least 4.7 billion pounds ($6 billion, €5.5 billion) on implementing a new approach to import goods after exiting the EU customs market in 2020, the UK government's public spending watchdog said on Monday.

The UK voted to leave the European Union in 2016 but remained in the bloc's single market and customs union until 2021.

In 2021, the UK withdrew from the EU customs union and a new EU-UK Trade Cooperation Agreement (TCA) went into effect.

The European Parliament said in a report that the trading of goods between the parties had become "burdensome" since Brexit and trade volumes had shrunk.

top 22 comments
sorted by: hot top controversial new old
[-] paddirn@lemmy.world 83 points 5 months ago

One of the most epic face-plants of the 21st century and proof of how vulnerable democracy is to misinformation.

[-] sirico@feddit.uk 27 points 5 months ago

All the people that voted yes as some sort of protest, "That'll show them ^tm^ "

[-] GreyEyedGhost@lemmy.ca 4 points 5 months ago

Yet another piece of evidence that protest votes do nothing but help those who are up to no good.

[-] doleo@lemmy.one -4 points 5 months ago

Yet another piece of evidence that ~~protest~~ votes do nothing but help those who are up to no good.

[-] kent_eh@lemmy.ca 7 points 5 months ago

Meanwhile the mis/dis-information campaigns continue to roll along at an ever accelerating speed around the world.

[-] gravitas_deficiency@sh.itjust.works 37 points 5 months ago

It’s just hilariously baffling how much of a self-own Brexit was. Like… genuinely, truly, gobsmackingly breathtaking levels of idiocy.

Even crazier is that people are still voting for the Torries.

Who knows, maybe defunding the NHS will make the British boomers kick the bucket sooner so you guys can get back in. But you are absolutely going to have to surrender the pound sterling. They’re not gonna let you be a currency snowflake if you want to be in the club again.

[-] ThePyroPython@lemmy.world 7 points 5 months ago

Yeah that's never EVER going to happen.

The City of London (not Greater London) would have a simultaneous heart attack, aneurism, and stroke.

And there's no way the "financial service" (read tax haven British overseas territories) companies that pushed for Brexit in the first place would accept to be open to European Central Bank scrutiny.

[-] gravitas_deficiency@sh.itjust.works 10 points 5 months ago* (last edited 5 months ago)

That’s neat.

Hope London enjoys its slow descent into geopolitical irrelevance, I guess.

[-] Burn_The_Right@lemmy.world 5 points 5 months ago
[-] GreyEyedGhost@lemmy.ca 3 points 5 months ago

It's taken a couple centuries, but it does appear to be nearing the end.

[-] Gradually_Adjusting@lemmy.world 2 points 5 months ago

The pound weakens a lot, in response to financial crisis, and it hasn't been trending upwards in the long term; crisis is a crucial part of this economic system. I wonder if we could expect the pound to lose its usefulness to billionaires if it sinks below the dollar for good. Sounds doomy, but it could pave the way for an EU re-entry.

[-] Hugh_Jeggs@lemm.ee 33 points 5 months ago

Where I am, there's an import tax on everything you order from the UK

But the post office has slapped their own €8 service charge on top of that

Literally everyone I know has stopped ordering stuff from UK companies

That's really gotta hurt an economy, big time

[-] ThePyroPython@lemmy.world 19 points 5 months ago

Yep.

There's dozens of UK companies that have essentially moved their operations to the EU to keep trading.

UK companies that are selling via country local distributors to businesses are doing ok.

But small time B2B and B2C is fucked.

[-] Hugh_Jeggs@lemm.ee 3 points 5 months ago

You'd be surprised

John Lewis? Nope

White Company? Nope

Loads of big companies have just stopped delivering to EU

Fuckin nightmare trying to get teabags FFS

[-] Schal330@lemmy.world 3 points 5 months ago

The true goal of Brexit, to hoard all our tea 🧐

[-] fritobugger2017@lemmy.world 3 points 5 months ago

Yup, we opened an office and warehouse in Germany for EU sale instead of shipping into our UK HQ warehouse and out to the EU. The costs of the new German branch are far less than the costs for shipping into our UK HQ and back out to the EU.

[-] FlyingSquid@lemmy.world 33 points 5 months ago

What a complete and utter shit show from the start. And all because of a successful con.

[-] homesweethomeMrL@lemmy.world 31 points 5 months ago
[-] Burn_The_Right@lemmy.world 21 points 5 months ago

It's almost like conservatives are very bad at governing. Imagine how nice things could be for the UK right now if not for conservatives.

[-] Tar_alcaran@sh.itjust.works 14 points 5 months ago

So much self-inflicted pain.

[-] lobut@lemmy.ca 9 points 5 months ago

How much of that is the NHS getting now? /s

[-] Toes@ani.social 1 points 5 months ago

The EU needs to extend their reach so all the other sensible countries can join.

this post was submitted on 20 May 2024
199 points (98.5% liked)

World News

38878 readers
2289 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS