Skip to content
Apply
Stories

Brexit bureaucracy another burr under Britain’s economic bounceback

People in this story

Photo by Alyssa Stone/Northeastern University

A potent cocktail of post-pandemic spending mixed with a sluggish supply chain has boosted inflation rates across the globe—and the United Kingdom’s complicated exit from the European Union has further muddled Britain’s economic recovery. The result has meant rising prices on everything from used cars to clothing, at a time when the British relaxed many of their COVID-19 restrictions mid-summer. “COVID and Brexit have interacted in a way that has made things far more difficult here in the U.K.,” says Yaprak Tavman, associate professor of economics at NCH at Northeastern in London.

Consumers in the United States are also grappling with rising inflation, but Brexit has added a layer of bureaucratic red tape for both imported goods and workers. Though the United Kingdom voted to separate from the European Union in 2016, full separation didn’t go into effect until January as the pandemic still had a stranglehold on supply chains around the world. “Brexit increased costs in the U.K. in terms of imports and in supply disruptions,” says Tavman. Some European natives who went home to live with family during the pandemic haven’t been able to return to their U.K. jobs without a visa, further impacting the U.K.’s labor shortage.

“Brexit and COVID-19 just happened to coincide and overlap. Brexit on its own would cause a disruption in supply chains, because there used to be free movement of goods, services and people between the EU and the U.K.,” says Robert Triest, professor of economics.

Continue reading at News@Northeastern.

More Stories

Spain's Prime Minister Pedro Sanchez speaks in the Spanish Parliament in Madrid, May 22, 2024. European Union countries Spain and Ireland as well as Norway announced Wednesday May 22, 2024 their recognition of a Palestinian state. Malta and Slovenia, which also belong to the 27-nation European Union, may follow suit amid international outrage over the civilian death toll and humanitarian crisis in the Gaza Strip following Israel's offensive. (Eduardo Parra/Europa Press via AP)

Spain, Norway and Ireland recognize Palestinian statehood. How might the rest of Europe respond?

05.24.2024
NASHVILLE, TENNESSEE - OCTOBER 22: U.S. President Donald Trump and Democratic presidential nominee Joe Biden participate in the final presidential debate at Belmont University on October 22, 2020 in Nashville, Tennessee. This is the last debate between the two candidates before the November 3 election. (Photo by Jim Bourg-Pool/Getty Images)

Biden is losing (and Trump is gaining) support, especially among young voters, Northeastern-led research finds

05.24.2024

ShotSpotter improves detection and response to gunfire, but doesn’t reduce crime, Northeastern research finds

05.24.24
All Stories