• Home
  • History
  • News
  • Business
    • Business News
    • Business Mag
  • Sport
    • Football
    • NAFC
    • Cricket
    • Durham Wildcats
    • American Football
    • Baseball
    • Rugby
    • Youth Football
  • Features
    • Blog
    • Picture Galleries
  • Community
    • A.T People
    • Services Directory
  • Video
  • Contact
  • Advertise
Aycliffe Today
Aycliffe Today
  • Home
  • History
  • News
  • Business
    • Business News
      PCP ‘thrilled’ to be recognised for its service at Make Your Mark Awards

      PCP ‘thrilled’ to be recognised for its service at Make Your Mark Awards

      Husqvarna UK recognised for engineering excellence

      Husqvarna UK recognised for engineering excellence

      Newcomer Ryan ‘elated’ to win Make Your Mark Award

      Newcomer Ryan ‘elated’ to win Make Your Mark Award

      Fast growth earns Small Business of the Year award for Murtek

      Fast growth earns Small Business of the Year award for Murtek

    • Business Mag
      Aycliffe Business: Issue 72

      Aycliffe Business: Issue 72

      Aycliffe Business: Issue 71

      Aycliffe Business: Issue 71

      Aycliffe Business: Issue 70

      Aycliffe Business: Issue 70

      Aycliffe Business: Issue 69

      Aycliffe Business: Issue 69

  • Sport
    • Football
      Aycliffe Youthy round-up

      Aycliffe Youthy round-up

      Aycliffe stay third with 4-0 away win

      Aycliffe stay third with 4-0 away win

      Aycliffe go top with four wins from first four games

      Aycliffe go top with four wins from first four games

      Unbeaten start for Sports Club

      Unbeaten start for Sports Club

    • NAFC
      Aycliffe FC celebrate record season with club awards night

      Aycliffe FC celebrate record season with club awards night

      Aycliffe narrowly miss out on play-off place – but achieve record league finish

      Aycliffe narrowly miss out on play-off place – but achieve record league finish

      Aycliffe’s play-off push on track – last home game Easter Monday!

      Aycliffe’s play-off push on track – last home game Easter Monday!

      Aycliffe boost play-off hopes with win in Leeds

      Aycliffe boost play-off hopes with win in Leeds

    • Cricket
      Captain Chris chalks up 750 not out for Aycliffe

      Captain Chris chalks up 750 not out for Aycliffe

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

    • Durham Wildcats
      WILDCATS FIGHTBACK TO SECURE CUP WIN

      WILDCATS FIGHTBACK TO SECURE CUP WIN

      WOLVES EDGE IT AGAINST WILDCATS

      WOLVES EDGE IT AGAINST WILDCATS

      DURHAM WILDCATS 73, GLASGOW ROCKS 99

      DURHAM WILDCATS 73, GLASGOW ROCKS 99

      WILDCATS SLAY LIONS AGAIN

      WILDCATS SLAY LIONS AGAIN

    • American Football
      WARRIORS BEAT AMERICAN HIGH SCHOOL

      WARRIORS BEAT AMERICAN HIGH SCHOOL

      WARRIORS START SEASON IN STYLE!

      WARRIORS START SEASON IN STYLE!

      WOODHAM WARRIORS VICTORIOUS

      WOODHAM WARRIORS VICTORIOUS

      WARRIORS COACH TO TRAIN GB SQUAD

      WARRIORS COACH TO TRAIN GB SQUAD

    • Baseball
      Aycliffe Cricket round-up

      Aycliffe Cricket round-up

      COUNCILLORS 'PITCH' FOR LOCAL SPORTS CLUB!

      COUNCILLORS 'PITCH' FOR LOCAL SPORTS CLUB!

      SPARTANS UP FOR TOP AWARD

      SPARTANS UP FOR TOP AWARD

      NEWTON AYCLIFFE SPARTANS AT WOODHAM

      NEWTON AYCLIFFE SPARTANS AT WOODHAM

    • Rugby
      Aycliffe fall to heavy defeat against league leaders

      Aycliffe fall to heavy defeat against league leaders

      Aycliffe notch up another loss in local derby

      Aycliffe notch up another loss in local derby

      Rugby: Aycliffe in bottom two after Whitley Bay defeat

      Rugby: Aycliffe in bottom two after Whitley Bay defeat

      Aycliffe return to winning ways with hard-fought victory over Bishop

      Aycliffe return to winning ways with hard-fought victory over Bishop

    • Youth Football
      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Newton Aycliffe Juniors round-up

      Newton Aycliffe Juniors round-up

      Aycliffe Juniors round-up

      Aycliffe Juniors round-up

  • Features
    • Blog
      Covid-19 crisis update from your MP

      Covid-19 crisis update from your MP

      ‘Now we must move forward’ says MP

      ‘Now we must move forward’ says MP

      Business Advice: Cash Flow

      Business Advice: Cash Flow

      The Aycliffe Blue Blog

      The Aycliffe Blue Blog

    • Picture Galleries
      Picture Gallery: Duke of Kent visits Ebac

      Picture Gallery: Duke of Kent visits Ebac

      PICTURES: Hitachi Opening Ceremony

      PICTURES: Hitachi Opening Ceremony

      PICTURES: ROF 59 in progress

      PICTURES: ROF 59 in progress

      PICTURES: Ayclife dancers in national finals

      PICTURES: Ayclife dancers in national finals

  • Community
    • A.T People
      Spring 2015

      Spring 2015

      December 2014

      December 2014

      Aug - Sept 2014

      Aug - Sept 2014

    • Services Directory
  • Video
  • Contact
  • Advertise
  • Follow
    • Facebook
    • Twitter
    • Youtube
North-East facing huge ‘no deal’ blow on trade – CBI
Home
Business

North-East facing huge ‘no deal’ blow on trade – CBI

February 22nd, 2019 Martin Walker Business 0 comments 1488

top banner

The North-East economy is facing a multi-million pound blow in the event of a ‘no deal’ Brexit due to the collapse of international trade deals, the CBI is warning.

With the prospect of a ‘no deal’ exit from the European Union on March 29 appearing ever more likely, the CBI is highlighting the damaging implications for UK businesses of crashing out of the trade deals EU membership provides.

The UK currently benefits from extensive trade agreements as an EU member, spanning around 70 countries.

The CBI estimates the total amount of global GDP covered by the EU and the countries it has trade agreements and partnerships with to be 37%.

In the North-East, exports to countries with EU free trade agreements are worth around £1.9bn every year, accounting for almost 15% of the region’s exports.This figure equates to the annual salaries of 68,000 nurses.

Through these agreements, the North-East exports goods worth £480m to Turkey and £180m to Norway each year, with the machinery/transport and chemicals/pharmaceuticals sectors among the most exposed.

If the UK leaves with ‘no deal’, these exports risk having immediate tariffs imposed overnight, potentially costing the North East economy millions of pounds in lost orders.

Sarah Glendinning, CBI North-East regional director, said: “If the UK leaves the EU without a deal, overnight businesses in the North East could cease to enjoy the benefits of tariff-free trade with, and easy access to, crucial markets for products and services, from Canada to South Korea.

“Many firms are unaware it is not just their relationships with EU customers at risk from a no deal Brexit, but relationships across the globe.

“Individual businesses trading with markets outside the EU would face tariffs worth millions of pounds being slapped on them instantaneously.

“These trade deals span five continents and are vital for the smooth export of our goods and services.

“Exports to countries with EU free trade agreements are worth around £1.9b to the North-East every year.

“The risk to these deals is an overlooked danger to our economy and yet another reason why no deal is not an option for the UK and jeopardises jobs in our communities.

“It is vital compromise is shown on both sides of the Channel and politicians work quickly to come to a deal.”

Across the UK, the CBI (Confederation of British Industry) speaks on behalf of 190,000 businesses of all sizes and sectors.

The CBI’s corporate members together employ nearly 7 million people, about one third of private sector-employees.

 

top banner

Share it!

Facebook Twitter Google+ LinkedIn Pinterest
Next article Cycling and walking plan gets into gear
Previous article Stockton and Darlington Railway heritage being discussed

Related News

PCP ‘thrilled’ to be recognised for its service at Make Your Mark Awards Business
June 3rd, 2025

PCP ‘thrilled’ to be recognised for its service at Make Your Mark Awards

Husqvarna UK recognised for engineering excellence Business
June 2nd, 2025

Husqvarna UK recognised for engineering excellence

Newcomer Ryan ‘elated’ to win Make Your Mark Award Business
May 30th, 2025

Newcomer Ryan ‘elated’ to win Make Your Mark Award

LATEST VIDEO

This week on A.T

Jun 5th 10:39 AM
News

Work to improve three key A167 junctions completed

Jun 3rd 4:48 PM
Sport

Captain Chris chalks up 750 not out for Aycliffe

Jun 3rd 12:23 PM
Business

PCP ‘thrilled’ to be recognised for its service at Make Your Mark Awards

Jun 3rd 9:37 AM
News

PCC Joy Allen secures national roads policing role

Jun 2nd 11:11 AM
Business

Husqvarna UK recognised for engineering excellence

Jun 2nd 9:48 AM
Community

Aycliffe students take on weekend revision ahead of GCSEs

May 30th 1:01 PM
Business

Newcomer Ryan ‘elated’ to win Make Your Mark Award

May 30th 9:22 AM
Community

Students enjoy Geordie photography trip

May 29th 9:22 AM
Business

Fast growth earns Small Business of the Year award for Murtek

May 28th 2:42 PM
Sport

Aycliffe FC celebrate record season with club awards night

Recommend
Follow @AycliffeToday
  • Home
  • History
  • News
  • Business
  • Sport
  • Features
  • Community
  • Video
  • Contact
  • Advertise
  • Back to top
© Aycliffe Today 2019. All rights reserved.
Developed by Thrive

Get our latest news direct to your inbox every Friday - subscribe to our free e-newsletter today.

Subscribe Now