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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.”