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Thursday, April 18, 2024

UK exporters considering giving up trade with EU Customers, FSB survey reveal

Small businesses report drop in exports to the EU in a post-Brexit “nightmare” of increased costs and delivery delays

The Federation of Small Businesses (FSB), says 35 of the 132 exporters it surveyed temporarily suspended trade with the EU or stopped it permanently. Another, one in ten of exporters surveyed, were considering giving up trade with EU customers.

Sharon da Costa, Managing Director of Fighting Films, a Bristol based producer of martial arts movies, says business is taking longer than expected

Mike Cherry, the FSB’s national chairman, said smaller businesses faced “incredibly demanding, unfamiliar paperwork”. He added: “Three months on from the end of the transition period, what we hoped would prove to be teething problems are in danger of becoming permanent, systemic ones.

“While larger firms have the resources and bandwidth to overcome them regardless, smaller traders are struggling and considering whether exports are worth the effort any more.”

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