Thursday, 28 July 2022

British Exporters Report Stagnating Trade as Post-Brexit Delays Blamed

THE GUARDIAN: Customs checks and border queues cited as leading barriers, as only 29% of firms say sales increased in Q2

Lorries queue in Dover, south-east England, on 16 February 2022. A survey of 2,600 exporters found Brexit ‘red tape’ had had a chilling effect on trade. Photograph: Glyn Kirk/AFP/Getty

Britain’s exporters have seen their overseas trade stagnate over the past year despite strong growth in domestic demand for their products and booming export markets, according to a survey.

The British Chambers of Commerce (BCC) said that a survey of 2,600 exporters found a quarter had suffered a fall in exports and another 46% reported no change.

Only 29% reported an increase in sales in the second quarter, down from the 40% that reported an increase in the first quarter.

Firms said Brexit was one of the main barriers to exports, after the introduction of customs checks and delays at the border.

William Bain, the BCC’s head of trade policy, said that since last summer UK exports have stalled to the EU and the rest of the world while many other leading exporting countries have enjoyed a boom. » | Phillip Inman | Thursday, July 28, 2022