Exports

Brexit forces firms to cut trading with EU

Three in ten British businesses have stopped trading with the European Union since the end of last year, research suggests.

More than seven in ten have experienced problems with trading since the Brexit transition period ended on December 31 and nearly half expect the disruption to continue in the long term, according to a poll of more than a thousand executives.

Third country Border checks

Although the government secured a free trade deal with the EU late last year, this did not mean that UK exporters were exempt from the additional border checks required of countries from outside the bloc. Businesses on both sides of the border have complained of additional costs and delays.

Britain’s exports to the European Union fell by a record 40 per cent at the start of the year as the end of the transition period caused disruption to trade, official figures show.

The Times – Brexit snags force firms to cut trading ties with EU – 3 April 2021

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