British businesses have experienced a stark increase in the complexity and cost of trading with the EU since the UK left the bloc, spending an average of nearly £100,000 navigating the post-Brexit customs border over the past three years, new data has revealed.
A survey of 1,001 senior decision makers working in UK-based businesses that trade overseas found that 81 per cent believed they faced more complexity today than they did before Brexit.
Three-quarters reported that their sales into the EU had fallen or become more complicated as a result of bureaucratic barriers, including tariffs and regulatory compliance obligations, that were erected by the EU-UK Trade and Cooperation Agreement.
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