Business and Economics

A National Farmers Union representative said UK farmers need support from supermarket chains because of changes made to agricultural policies after Brexit.

A new parliamentary report warned the “blind optimism” shown by Tory ministers could force many small and tenant farmers in England out of business - but environment secretary George Eustice insists UK farmers are better off since Brexit.

Revenues for Ladbrokes owner Entain hit £3.6 billion in 2020 as bored households turning to online gambling and casino games during lockdowns.

"Companies are already having trouble with the system,” one reporter said.

Despite not seeming keen to cut VAT as per the Leave campaign promise, he took the opportunity to say this week that leaving the EU means the UK can now set its own VAT rates.

“This is what taking back control of our borders means", Philip Rycroft said.

“You could interpret this as the UK having less reach in future," a finance expert has said.

To the dismay of households and businesses, energy tariffs spiked while steep hikes in the cost of oil also saw fuel prices shoot up.

New post-Brexit rules due to come into force from January 1 could also cause delays to shipments as the amount of paperwork required increases.