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Brexit causes difficulties for more than 60 per cent of UK firms

Brexit causes difficulties for more than 60 per cent of UK firms - report Andrew Woodcock © Provided by The Independent More than three out of five UK firms (61 per cent) are reporting difficulties due to Brexit, resulting in rising costs, higher prices for consumers and reduced competitiveness, according to a new report. Almost a quarter (24 per cent) of exporting firms reported that Brexit has caused sales to the EU to fall, while one-third said that imports from the continent were down. Crucially, the study by the London School of Economics drew on real-time business survey data from the CBI stretching right up to April, well beyond the “teething problems” associated with the 1 January transition out of the single market and customs union.

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