In the News

Non-tariff barriers - British shoemaker faces Brexit's hidden costs

Graham Watson

27th January 2021

Here is an example of the costs of Brexit affecting British firms, in this case, British shoemaker, Tricker's despite the much-heralded free trade deal.

Frictionless trade, they promised in the absence of import tariffs. It seems that this is being economical with the truth. Who would have thought it? Extra costs equivalent to $137m per year.

Derived demand - the Dutch warehouse boom

As a follow-up, this article highlights both the derived demand for Dutch warehouse space from UK firms, and the costs of Brexit.

How on earth can the government sell this as being anything other than detrimental to the UK economy? It's an leakage from the circular flow of income and means that there are additional costs of imports. This sort of thing is little sort of scandalous.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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