Red tape and rigid regulators are blamed for thwarting the UK’s Brexit ambitions
19 May 2023 00:00
Duration: 16:40
The “Brexit dividend” was the assurance that the United Kingdom’s economy stood to gain from the country leaving the European Union. The theory was that, once unshackled from the EU’s burdensome regulation, the UK be able to apply a light-touch to rules and become a European economic powerhouse. That dividend has yet to materialize, however, with some businesses complaining that the red tape they’re facing in post-Brexit Britain, along with overbearing regulators, is worse than ever. Recent developments suggest the government has its work cut out for it if it wants to change that narrative.
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15 May 2023 08:30 by Jakub Krupa, Phoebe SeersThe UK hoped to see a “Brexit dividend” through adopting more agile and business-friendly rules once free from EU rulemaking.
Editorial Team
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Jakub Krupa Senior Regulatory Correspondent
Jakub leads MLex's coverage of UK legislative processes across multiple beats, with primary focus on data, privacy and security, future mobility and post-Brexit divergence. He also contributes to the broader European and trans-Atlantic coverage on digital regulations.He joined MLex in 2020 to report on data, focusing on EU & UK risks and Brexit, before launching a new future mobility service looking at connected, automated, electric and shared vehicles in 2021.Based in the UK since 2012,... Read more
Phoebe Seers Correspondent
Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.