Ten years on, Brexit's economic impact is becoming clearer

Ten years on, Brexit's economic impact is becoming clearer Not long after the UK left the EU in 2020, a Bristol-based firm called Eskimo started selling a new kind of high-fashion and energy-efficient electric radiator, based on new technology developed by academics in the city. They planned to send them around Europe using the Channel Tunnel. It was a timely product given Europe's green ambitions, and with orders flowing, its Birmingham factory was being kept busy. The boss Phil Ward tells me his start-up has continued to grow, but that in his view it could have been so much more without what he calls the Long Brexit effect: in 2020, 40% of his exports went to the European Union, and by 2025 it was just 5%. The post-Brexit deal agreed with the EU by then-Prime Minister Boris Johnson in December 2020 guaranteed zero tariffs on exports to the EU, but Ward says that despite this, red tape and paperwork not directly related to tariffs were enough to create delays, costs and the expectation of hassle for prospective customers.