A sizeable proportion of British firms are having problems dealing with the European market post-Brexit, a business survey reveals.
More than three-quarters of firms for whom new rules are applicable say the revised arrangements are not helping to increase sales.
More than half of companies face difficulties adapting to the new requirements for trading goods.
Almost half are experiencing obstacles while adjusting to the new regulations for trading services.
The bleak picture is revealed today in a British Chambers of Commerce survey covering 1,168 businesses (92 per cent of which are Small and Medium Sized Enterprises).
It shows that major challenges with red tape and logistics persist despite the Trade and Cooperation Agreement (TCA) which was struck on Christmas Eve 2020 to allow tariff-free trade with the EU once Brexit took effect.
In addition to problems with the TCA, four in five firms have seen the cost of importing increase since January, more than half have seen their sales margins decrease and almost three quarters of manufacturers have experienced shortages of goods and services.
The British Chambers of Commerce have sent a report to the Government detailing the main issues with the TCA and suggesting solutions which could be worked through with the European Commission in advance of the review of the agreement scheduled for 2026.
Sara Williams, Chief Executive Officer of the Staffordshire Chambers of Commerce, said: “Our members say much the same as this national picture and it is such a shame that there have been so many barriers put between British businesses and our European partners.
“Businesses are adept at finding solutions to problems and many have done so over the last few difficult years. But governments must help and show that they understand the issues of exporting and importing.”
If you are experiencing problems with import and export due to the Brexit trade deal get in touch at [email protected]
