BCC Research: Brexit Red Tape Stifling Growth for Businesses in Europe
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Research by the British Chambers of Commerce indicates that Brexit red tape is hindering the ability of many businesses to grow in Europe. The BCC survey found that over a third of firms stated that customs paperwork and delays must be removed for growth, a sentiment shared by 58% of manufacturers and 56% of exporters. Furthermore, 42% of exporters identified tariffs, quotas, or rules of origin as barriers to growth in Europe.
From countytimes.co.uk
Why it matters
The findings highlight significant friction in UK-Europe trade. Andy Burnham, who is advocating for a UK-Europe reunion, plans to attend a Brussels summit to discuss the long-term relationship between the U.K. and Europe. The BCC called on businesses to reassess Britain’s relationship with Europe due to these trade obstacles.
Andy Burnham is seeking a UK-Europe reunion to reverse economic stagnation, a push that coincides with the start of the Brexit vote in Sunderland.
From countytimes.co.uk
Who's involved
- Andy BurnhamBritish politician advocating for a UK-Europe reunion and attending a Brussels summit.
- U.K.The nation whose businesses are grappling with trade barriers and red tape in Europe.
- EuropeThe continental bloc where businesses are struggling with trade barriers and delays.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- governmentSpeculative
The government might see its economic agenda threatened by the inability to resolve trade barriers.
- European CommissionSpeculative
The European Commission might be pressured to reform EU regulatory policy in response to trade friction.
- European CouncilSpeculative
The European Council might be pressured by political calls from the U.K. and BCC to address trade barriers.
Keep exploring
The entities involved
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Andy Burnham
British politician (born 1970)
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Europe
terrestrial continent located in north-western Eurasia
Related events
- Andy Burnham plans a UK-EU summit in Brussels as part of his effort to reset UK-EU relations.
- Kemi Badenoch and Andy Burnham debated the UK-EU relationship, with calls for closer ties.
- Douglas Murray commented on the decline of Europe while Brussels continued to exert bureaucratic pressure on the continent.
- Rachel Reeves and Andy Burnham advocate for closer UK ties with the EU and Brussels amid geopolitical tensions.
- Andy Burnham called for closer ties between the UK and the European Union.