Posted on Mar 29, 2021
According to a survey by the Federation of Small Businesses (FSB), more than 20% of small British exporters have temporarily halted sales to the European Union and 4% have done so permanently, highlighting problems that have followed the Brexit trade deal.
Slightly over 10% said they had set up, or were thinking of establishing, a presence within an EU country, the research, conducted between March 1st and 15th, showed.
“Those that do business internationally are being hit with some incredibly demanding, unfamiliar paperwork,” said FSB National Chairman Mike Cherry.
“What we hoped would prove to be teething problems are in danger of becoming permanent, systemic ones.”
British goods exports to the EU, excluding non-monetary gold and other precious metals, slumped by a record 40.7% in January compared with December, while imports fell by 28.8%, the Office for National Statistics said this month.
In response to those figures, David Frost, who was Johnson’s chief Brexit negotiator, said the “unique combination of factors made it inevitable that we would see some unusual figures”.
Follow EU Today on Social media: