A MAJOR American news outlet has published a scathing assessment of the consequences of Brexit.
CNN, a multinational news outlet based in the United States, published an article on Tuesday setting out how the UK economy “still can’t cope” with the outcome of leaving the European Union.
Hannah Ziady, the outlet’s journalist based in London who covers financial markets, economies and companies in Europe, set out how delays on health and safety checks on food imports from the EU are the latest example of the fallout from Brexit.
READ MORE: BBC pushing 'anti-indy agenda' with 'skewed' alcohol deaths chart
The checks have been delayed for the fifth time in three years amid fears that further controls would disrupt supplies of essential goods and push up food prices.
“The latest foot-dragging demonstrates that Britain is still struggling to come to terms with the painful consequences of leaving the European Union in January 2020, which has piled costs on UK businesses and weighed on trade, investment and, ultimately, economic growth,” Ziady wrote.
“Brexit has already contributed to Britain’s particularly high inflation by introducing friction into the country’s most important trading relationship, and hitting the value of the pound, which has made imports more expensive.”
A recent study by the London School of Economics, the journalist added, found that Brexit was responsible for about a third of UK food price inflation since 2019.
We previously told how the UK Government quietly admitted that Brexit would drive up inflation, at the very end of a 1500-word press release confirming the delay on checks on food imports.
The CNN piece cited Shane Brennan, CEO of the Cold Chain Federation, who among other industry groups welcomed the latest delay amid fears that the introduction would add friction as well as costs to supply chains.
“These Brexit checks will fuel food price inflation whenever they are brought in, and so the longer they are held off the better,” Brennan said.
READ MORE: Fergus Ewing joins Tories in call for delay to short-term lets licensing scheme
Industry groups have urged the UK Government to provide certainty for businesses as they have repeatedly prepared for the checks to be brought in only to see the deadlines delayed.
The piece also described the UK’s economy as in a “fragile state” after repeated hits including the Covid-19 pandemic, high inflation and high interest rates, caused by Liz Truss and Kwasi Kwarteng’s disastrous mini-budget.
Food supply disruption, CNN explained, is also a “lingering concern” in the UK as the country imports just under half of all the food it consumes.
It comes after Scottish Tory leader Douglas Ross, announcing his party's economic plans ahead of Holyrood reconvening after summer, completely ignored the impact of Brexit on Scotland's economy.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel