The profits of British companies that trade with European Union countries have fallen across the board following the Brexitaccording to a survey made public this Tuesday by the economic newspaper ‘Financial Times’ (FT).
In the survey of 1,001 managers of British companies with international trade, commissioned by the tax technology consultancy Avalara, 70% of those who voted in favor of Brexit and 79% of those who voted against said that their businesses are now “less profitable.” ”.
73% and 84%, respectively, agreed that “the United Kingdom “It has not experienced the trade boom that Brexiteers promised.”
Furthermore, four out of five of those surveyed – 81% – acknowledged that, after leaving the European Union, The difficulty increased when doing business with European business groups.
Likewise, they reported an increase in costs due to new regulatory and customs obligations of an average of 96,281 pounds (just over 112,500 euros) in the last three years.
The vice president of global indirect taxes at Avalara, the company that commissioned the survey from Censuswide, Alex Baulf, told the FT that they expected damage to British companies with businesses abroad after the Brexit.
“Where there is commercial exchange, there are additional costs that eat into profit margins”he expressed.
The publication of these data coincides with the day before the entry into force of the new United Kingdom border controls on food and animal products imported from the European Union and which, as of this Wednesday, will require phytosanitary certificates.
Source: Gestion
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