• Helen White

Brexit causes difficulties for more than 60% of UK firms

A new study by the London School of Economics has found that 61% of UK firms are reporting difficulties due to Brexit, resulting in rising costs, higher prices for consumers and reduced competitiveness. The study found that 24% of exporting firms said that Brexit has caused sales to fall, while one-third said that imports from the EU remained down. The LSE said that 37% of UK firms were reporting delays as a result of Brexit, 36% said they had faced additional customs and administrative costs, while 22% said they were experiencing higher levels of regulatory checks. The Independent (07/05/2021)

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