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New post-Brexit trade restrictions have pushed up the cost of parts and raw materials for two thirds of small British manufacturers surveyed last month, and a majority reported some level of disruption. The survey of nearly 300 firms, by consultants South West Manufacturing Advisory Service (SWMAS) and the Manufacturing Growth Programme, a government and European Union-funded initiative providing support to small firms, adds to the picture of disruption from new customs checks that came into force on Jan. 1 for goods trade with the EU. "Price hikes in the supply chain have been immediate, and we are hearing tales of lead times being extended on raw materials," said Nick Golding, managing director of SWMAS.
Updated / Monday, 15 Feb 2021
09:19
Post-Brexit trade restrictions have pushed up costs for two thirds of small British manufacturers, a new survey shows
New post-Brexit trade restrictions have pushed up the cost of parts and raw materials for two thirds of small British manufacturers surveyed last month, and a majority reported some level of disruption.
The survey of nearly 300 firms was carried out by consultants South West Manufacturing Advisory Service (SWMAS) and the Manufacturing Growth Programme.
This is a government and European Union-funded initiative providing support to small firms.
It adds to the picture of disruption from new customs checks that came into force on January 1 for goods trade with the EU.
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