Every day 6 billion euros “escape” London! Great losses after Brexit

Every day 6 billion euros “escape” London! Great losses after Brexit

After Brexit, the country stopped complying with a series of rules and regulations under the EU regulatory framework. It started to promote bilateral economic and trade relations by the UK and the EU’s new laws after Brexit. Almost from the very beginning, the new post-Brexit regulations have had devastating consequences for the UK’s consumer, logistics and financial industries. Consumers have to pay more than 20% extra After the Brexit, British consumers found that they had to pay extra when buying goods online from EU sellers. The additional cost mainly comes from value-added tax or business tax. Before Brexit, as a […]

Online purchases from EU are getting more expensive

Online purchases from EU are getting more expensive

Some shoppers have found their purchases from EU stores getting more expensive. It’s because not all charges are covered by a Brexit trade deal between the UK and EU. So what are these fees and how can you avoid them? I want to buy a £50 jumper from the EU, what do I need to know? Value added tax (VAT), a sales tax, has always been required on EU goods. And since Brexit, the way it is applied has changed. Previously, you would have paid the local VAT rate. So if you bought your jumper from a shop in Sweden, […]

The U.K. e-commerce market is likely to usher in huge growth

The U.K. e-commerce market is likely to usher in huge growth

Affected by the epidemic, it will take more than two years for the British economy to return to the level before the epidemic. To this end, the U.K. has provided companies with a new £4.6 billion support plan to deal with a new wave of epidemics. The U.K. epidemic continued to spread, with the death toll exceeding the level of World War II, and the death rate rose by 12.1%. British scholars predict that if the second wave of the epidemic does not reach its peak in the next two weeks, the death toll may soar to 120,000 by March. […]

The cost of rapid growth in UK e-commerce

The cost of rapid growth in UK e-commerce

2020 is drawing to a close, and the UK’s 11-month Brexit transition period is about to end on the first day of 2021. After four years of struggling and the replacement of three prime ministers, after the two general elections, how will the Brexit negotiations finally end? Britain may leave the EU, and the trillion-euro trade will disintegrate soon On December 10, local time, the British Prime Minister stated that it is “very likely” that the UK will leave the European Union without a deal and said that “now is the time” for businesses and individuals to prepare a no-deal […]

Holiday shopping in the EU exceeds that in non-EU regions

Holiday shopping in the EU exceeds that in non-EU regions

According to the latest data, cross-border sales in the United Kingdom in 2020 increased by 57% year-on-year. In the fourth quarter, when the holidays gathered, transaction volume skyrocketed, and cross-border e-commerce business volume increased by 42% compared with the same period last year. According to statistics of 270 British retailers and brands engaged in cross-border business, the cross-border business has grown steadily since April 2020. Following the atmosphere of national shopping during the holiday season, sales began to surge sharply in early September, and the trend has continued since then. Holiday shopping: demand in the European Union exceeds that in […]