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10 February 2022 - Brexit, a major contributor to supply shortages
"The effect of the Pandemic has masked issues that have been continuing to build in UK supply chains caused by Brexit.
As the Government announces the end of remaining restrictions, the UK’s departure from the European Union is set to become the major hurdle to growth and output.
UK exports to Germany fell in 2021 fell by 8.5% due, according to several major businesses, to the level of friction Brexit has brought.
Those same businesses believe that they are not seeing any benefit from Brexit, simply having swapped one set of bureaucratic red tape for another.
Boris Johnson announced at the start of Prime Minister's Questions in Parliament yesterday that the UK is on track to announce the removal of the last of the Coronavirus restrictions in two weeks, at least a month earlier than had been predicted.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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By CurrencyTransfer
5
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"The effect of the Pandemic has masked issues that have been continuing to build in UK supply chains caused by Brexit.
As the Government announces the end of remaining restrictions, the UK’s departure from the European Union is set to become the major hurdle to growth and output.
UK exports to Germany fell in 2021 fell by 8.5% due, according to several major businesses, to the level of friction Brexit has brought.
Those same businesses believe that they are not seeing any benefit from Brexit, simply having swapped one set of bureaucratic red tape for another.
Boris Johnson announced at the start of Prime Minister's Questions in Parliament yesterday that the UK is on track to announce the removal of the last of the Coronavirus restrictions in two weeks, at least a month earlier than had been predicted.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.