Macroeconomics: UK economy, IB Economics

The National Audit Office are possibly my favourite source of policy insight, and they've discovered that Brexit border checks are going to cost the UK economy up to £470m per year. Another example of an obvious cost of Brexit, and I'd love a Leaver to explain to me how we're benefitting from this. 

Re: the fun part of my earlier 'scoop', here's some of the 'fun' Economic issues that will need resolving, never mind the politics. 

The UK-EU dispute about the Northern Ireland protocol rumble on, with no end in sight. However, the UK has agreed to delay checks on goods entering Northern Ireland from Eire, in the hope of sustaining negotiations. 

Oven-ready deal? Still defrosting, and likely to end up as a horrible mess is nearer the mark in my view. 

To quote the great economist, Phil Tufnell: "What a time to be alive!".

New post-Brexit customs checks have come into force, and represent yet another cost of Brexit. Higher prices and less consumer choice, exactly what Leave voters chose. Proof that turkeys sometimes vote for Christmas.

As the article notes, a the co-owner of a flower company expects the border checks "to cost his business between £200,000 and £225,000 per year."

The beginning of the end, or the end of the beginning. Or neither. 

The UK and the EU have concluded a new deal to govern post-Brexit trading arrangements for Northern Ireland. But that's not really the interesting bit, now the fun really starts...