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“This shows how the post-Brexit increase in custom costs to UK consumers is really biting," a senior manager at an accountancy firm has said.
Customs duties paid by UK businesses have jumped 64 per cent to a record £4.5bn in the year to 31 January 2022, up from £2.9bn in the previous 12 months, according to new research shared with City A.M. this afternoon.
New post-Brexit border paperwork coming into force in July is expected to cost UK food companies millions of pounds, according to a trade body.
Two years since Britain left the EU, Brexit is still very much at the top of the news agenda with lorry queues lengthening at Dover as exporting firms struggle with red tape.
Just over a year since the UK left the single market and customs union, and despite the impact of the pandemic, which makes this kind of analysis all the trickier, we can begin to analyse the impact that Brexit has had on the UK economy. These impacts will vary significantly by sector and also by region. In this report, the authors investigate what they might be in the area of manufacturing.
British firms face the introduction of much-delayed post-Brexit border control checks from 1 January which will affect businesses importing $314 billion of goods a year from the European Union.
Full customs controls on imports from the EU to Britain will finally begin on New Year's Day after being delayed three times - and business groups can't guarantee it'll all go smoothly.
Experts are urging the Government to delay “Rules of Origin” certification rules to avoid prices rises and supply shortages.
Bentley’s Chief Executive says a combination of rules of origin mandates and trade uncertainty places the UK’s auto industry in a precarious position.
UK taxes on EU imports have increased hugely since the former’s official exit from the Union at the end of 2020.
UK businesses and consumers have paid 42% more in customs duties on goods since Brexit came into force on January 1 2021, it has been claimed.
An additional £600m in costs hit British importers since Brexit came into force, taxes which were not required when Britain was in EU's single market.
The end of the holiday season heralds the return to centre stage of a number of burning Brexit-related issues this autumn.
Three-quarters of NE bosses say Brexit is bad news for their businesses - with many suffering falling sales and rising red tape.
PSA Part’s Sales Director, Nick Walsh looks at how Brexit is impacting cross European border trade for the tech channel and how companies can look to address these challenges.
But the UK’s departure means far-reaching changes for the Irish economy. We are already seeing signs of how things may shake out and the really fundamental changes it means for many businesses, for consumers and for trade.
Developments in sugar exports of African, Caribbean and Pacific countries. / The United Kingdom (UK), the main European importer of sugar from ACP countries, decided to leave the EU in March 2019. How will Brexit affect the ACP countries, given the already ongoing changes in the EU sugar market?
Fashion Roundtable, the secretariat for the All Party Parliamentary Group (APPG) for Textiles and Fashion, has put forward 11 recommendations to help mitigate Brexit's impact on the UK fashion and textile industry.
Dairy shipments collapse by as much as 96 per cent. Experts say extra red tape and delays are to blame.
More than 200 jobs are at risk at a car parts firm in south Wales.
The EU Goods Sub-Committee has published its report, Beyond Brexit: trade in goods, examining what the EU-UK Trade and Cooperation Agreement (TCA) means for trade in goods.
EU said agreement on common rules ‘on the table’ - but UK would probably have to drop prized right to diverge
There remain "substantial barriers" for UK trade with Europe, with small businesses bearing the brunt of the post-Brexit strain, according to peers.
The EU Goods Sub-Committee publishes its report on what the EU-UK Trade and Cooperation Agreement (TCA) means for trade in goods.