British food businesses sending goods to the EU have been hit with additional costs of more than £170 million over three years due to Brexit-related red tape. writes about this Guardian.
Analysts say that in the last 12 months alone, British companies have lost more than £58 million due to certifications, with the real figure being much higher. The value does not take into account the costs of administrative expenses and additional staff.
For some exporters, such changes to trade with the European bloc are “catastrophic”, the publication said. The real blow fell on small entrepreneurs.
As a result, exports of goods from the UK to EU countries have fallen sharply. For example, the supply of meat products fell by 17% to £1.26bn at the end of 2023 compared to 2019.
Previously Mayor of London, Sadiq Khan acceptedThat Brexit doesn’t work.
Former British financier Guy Hands stated About the sharp deterioration in the British economy.