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More small companies are likely to go out of business because of Brexit, a former head of the British Government Economic Service has told the new UK Trade and Business Commission.
Vicky Pryce told the commission that “small businesses are particularly affected” by red tape and logistics problems caused by Britain leaving the EU, and they cannot afford the lawyers and advisers used by big companies.
The cross-party group of ministers and experts was launched on Monday to examine trading relations with the EU and new deals with the rest of the world.
It was formed after the parliamentary committee on the future relationship with the EU was disbanded at the start of the year, and is supported by formerly anti-Brexit group Best for Britain.