Search
  • 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)

0 views0 comments

Recent Posts

See All

G7’s minimum corporate tax rate ‘too low’

While G7 finance ministers have agreed to support a global minimum corporate tax rate of at least 15%, Argentina's finance minister has described the rate as “far too low”. Martin Guzman told an onlin

Companies starting to receive letters demanding taxes

More than 1,200 companies get letters demanding overdue income taxes As the Government starts to recover debts built up in the pandemic, HMRC has sent more than 1,200 companies warning letters demandi