The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to new data from HMRC.
Discussing the figures with City A.M. this morning. Michelle Dale, a
senior manager at accountancy firm UHY Hacker Young, pointed out the
fall is due to the extra red tape UK businesses must now comply with
when exporting to the EU. “Businesses are not getting enough support from the Government to navigate the post-Brexit trading minefield,” she said.
“These are really worrying numbers
and show the scale of the difficulties UK businesses now face in
exporting their products to the EU.”
Michelle Dale
“A lot of SMEs can’t afford professional advice to cope
with Brexit-related red tape. Many are likely to have decided trading
with the EU is not worth the cost,” Dale added.
“Fewer UK companies exporting to the EU will result in lost opportunities for growth and expansion in Europe.”
City AM
© City A.M.
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