Damascus-SANA
Day after day, the “Brexit” curse continues to haunt trade deals between Britain and the European Union, whose negative impact on the British economy is clearly evident in light of the economic conditions the world is going through today, at a time when the government of Boris Johnson is seeking to change the Northern Ireland protocol attached to the exit agreement from the EU. European Union.
Autumn Brexit on the British economy is evident in the inflation rates announced by the British Statistics Office, which amounted to 9.1 percent on an annual basis last May, recording the highest levels in 40 years, according to CNBS.
With a loss rate of 37 billion dollars, data issued by the Center for European Economic Reform CIF showed that the British economy shrank by up to 5.2 percent than it would have been without exiting the European Union. The slowdown after the 2021 shutdowns showed that the large deficit in the economy was caused by Britain's exit from the European Union, according to the British newspaper The Independent.
The forecast winds of the research center of the Organization for Economic Cooperation and Development “OECD” did not come as the British economy ships desire, as it expected the inflation rate to reach 8.8 percent this year and to decline slightly to 7.4 percent in 2023, but the inflation rate has exceeded expectations since the deflation began in Last February and its increase in March, as the commercial activity declined in May, and then the British pound fell by about eight percent against the US dollar, recording more losses than the euro.
Many economic experts attributed the reason for the decline of the British economy to the differences resulting from Britain’s exit from the European Union, which centered on food safety standards, chemical products, technical specifications of machines, in addition to European trade barriers, which was confirmed by William Payne, trade policy official at the British Chamber of Commerce, saying, “The The results of the standards and specifications restrictions had a significant negative impact on Britain’s exports to the European Union.”
This was supported by Professor John Doe, Professor of Economics at Aston University, saying that "other countries with similar economies to Britain have experienced strong growth in their trade with the European Union last year and that restrictions related to standards and specifications as a result of Brexit will have a long-term negative impact on British exports," according to the Financial Times. .
And the industrial sector was not the only one to be cursed by Brexit, as the aviation sector was not doing much better after the heads of airlines in Britain warned that problems with air travel from British airports could continue for months, with the increase in the number of canceled flights and unprecedented delays for travelers due to lack of labor And the difficulty of hiring EU citizens after the Brexit agreement.
The British company, EasyJet, announced that it would reduce hundreds of its services during the current summer period in anticipation of an increase in employment problems. about hiring a lot of EU nationals.”
As for Ryanair President Michael O'Leary, he warned that aviation problems in Britain may continue for several months and that the country's two largest airports, Heathrow and Gatwick, will suffer the most, at a time when airports are witnessing the cancellation of thousands of pre-scheduled flights in recent weeks due to the problems of shortage of crews and workers in various sectors. Aviation and airports, according to Sky News.
In turn, the Guardian newspaper pointed out that the cost of living crisis in Britain is worsening due to Britain’s exit from the European Union, which led to a decline in the country’s growth potential and workers incurred hundreds of pounds annually in the form of lost salaries, which was indicated by the Resolution Foundation for Research in a report. In it, she confirmed that the average worker in Britain is on course to lose more than 470 pounds in wages by 2030, amid a decline in manufacturing production of up to 2.7 percent.
Fahmy El Shaarawy