Almost a third of UK businesses are urging the government to reduce post-Brexit regulations and red tape to support British trade, according to a survey conducted by Santander.
The survey reveals that while there is a growing sense of optimism among small to medium-sized businesses, many are calling for action to ease the burdens imposed by Brexit-related trade requirements.
The survey found that nearly three-quarters (74%) of businesses are confident about growth prospects over the next three years, with 36% describing themselves as “very confident” — a significant increase from 22% the previous year. However, alongside this optimism, businesses are requesting changes that could streamline international trade and bolster their growth potential.
Challenges with post-Brexit trade regulations
One of the most pressing concerns is the complexity of post-Brexit regulations. Nearly a third (31%) of businesses want the government to reduce red tape related to customs procedures, trading licences, and mutual recognition of professional standards and qualifications across Europe. These regulatory requirements, introduced after the UK’s departure from the European Union in January 2020, have added complications to international trade.
Since Brexit, businesses have had to navigate new border controls, customs declarations, and health certifications, which have increased costs and timeframes for exporting goods. The recently delayed implementation of parts of the Windsor Framework — a legal agreement designed to adjust the operation of the Northern Ireland Protocol — has also contributed to the uncertainty. For example, new customs processes for business-to-business parcels were set to come into effect in October 2024 but have now been delayed until March 2025.
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