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Brexit Red Tape Has Caused Sharp Decline In Exports To Smaller EU Countries
The Independent
|April 27, 2022
UK has 'simply stopped selling a lot of products to smaller nations', study says
Brexit red tape means the UK has “stopped selling” many products to smaller EU countries, according to alarming new evidence of the impact on trade.
It highlights a “steep decline” in the number of trading relationships Britain has with its most important market - which fell by nearly one-third after Boris Johnson's trade deal came into effect.
Smaller firms attempting to export have been hit by red tape and costs at the border, with the biggest problems affecting trading in smaller EU countries, the research has found.
Thomas Prayer, a co-author of the research, called the decline "remarkable", saying: “It appears the UK simply stopped selling a lot of products to smaller countries in the EU.”
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