BTC takes stock of Brexit’s impact - and what could be achieved by the EU reset
Ahead of the first UK-EU reset summit in May 2025 the Committee published a report setting out “twenty ways to fix Brexit’s growth hit”: 20 practical proposals on potential routes to growth that could be achieved by an ambitious reset in relations with the EU, in critical areas from energy markets to trade in food goods and product safety.
Meeting details
The summit secured a welcome agreement on the phytosanitary standards that govern trade in food and other plants. Defra immediately announced that some of the costs of post-Brexit border check infrastructure and paperwork could be cut.
Ahead of the second annual reset summit, as the Prime Minister prepares to usher a new bill on EU relations through Parliament, the Committee is convening a “Brexit stocktake” with stakeholders including the National Grid, the NFU, UK Steel, port and transport associations, Airbus UK, the CBI and the TUC.
The witnesses will set out the impact of Brexit on their sectors to date, and its broader implications for the economy and everyday costs.
What now needs to change on the ground - through the legislation passing through Parliament if necessary - to make the reset work for UK business and consumers, and for growth?
Rt Hon Liam Byrne MP, Chair of the Committee, said: “Ten years on from the Brexit referendum, it’s clear leaving the EU has left businesses and families paying higher costs for weaker growth. The reset with the EU has begun to show what is possible, but progress is much too slow to deliver on the Government’s growth ambitions.
“To begin our Brexit stocktake we will hear directly from those dealing every day with higher friction, higher costs and lost opportunity. The question now is simple: what must change in law, regulation and practice to make the reset work for growth, jobs and household bills?”