These negotiations are likely to be more complex than the others recently undertaken by the UK Government. But they also have the potential for a greater uplift for exporters across the UK, particularly in services and emerging technology.
The British Chambers of Commerce (BCC) and Bibby Financial Services (BFS) have revealed that uncertainty around Brexit, tariffs and exchange rate volatility are holding back the potential of many UK exporters.
The recent survey included 1,140 internationally active UK businesses, and found that general uncertainty around Brexit was considered the top barrier to export, listed by almost half (47%) of businesses, followed by specific concerns around tariffs and exchange rate volatility, listed by 35% and 33% respectively.
The British Chambers of Commerce (BCC), in partnership with independent business funder, Bibby Financial Services (BFS), has conducted one of the biggest surveys of business opinion since the referendum, amassing the views of over 2,500 firms from across the UK.
We found that nearly two-thirds of firms still aren’t preparing for Brexit – and in the event of a ‘no deal’ outcome many would cut investment and recruitment plans.
These negotiations are likely to be more complex than the others recently undertaken by the UK Government. But they also have the potential for a greater uplift for exporters across the UK, particularly in services and emerging technology.
Inflation is set to continue upwards, with a further rise in the energy price cap yet to come, leaving businesses with mounting economic uncertainty, alongside labour shortages.
There is some way to go before businesses will have complete assurance about the operation of the new markings systems.
June is a month when we see businesses across the UK painting their usually untouchable brand livery all shades of rainbow in support of LGBTQ+ employees, customers and stakeholders.
