Thread: Britain outside the EU
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Old 19-12-2023, 23:48   #5732
1andrew1
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Re: Britain outside the EU
Quote:
Originally Posted by Sephiroth View Post
I expect the UK's GDP to grow and recover because that is how capitalism works in an enterprising country.
Not if you increase the red tape on British business it won't!
Quote:
British businesses that export to the EU are facing mounting costs three years after Brexit as a result of emerging regulatory challenges including new carbon taxes, VAT changes and additional border controls, the British Chambers of Commerce has warned.

The worst-hit sectors are agrifood, chemicals and advanced manufacturing, which, having already adapted to post-Brexit customs changes, are now facing reporting requirements on their supply chains, carbon emissions and plastic packaging usage.

The EU decision to start phasing in a carbon border tax regime from October 2023 was already hitting businesses, which were required to provide data on carbon usage to EU importers, with taxes being imposed from January 2026, the report said.

UK companies were having to adopt “processes for weekly, and in some cases daily, monitoring of gas usage”, to provide the information related to the reporting requirements, it added.

The BCC, which represents 50,000 mostly smaller British businesses, urged the government to seek simplifications to the reporting process and then to legally merge the EU and UK carbon pricing schemes in order to avoid such border bureaucracy.

It cited a July 2023 membership survey that found that almost two-thirds of UK exporters said trading with the EU was more difficult than a year ago — compared with only one-fifth of exporters to the rest of the world.

In the agrifood sector, the UK continues to have worse access to the EU than countries such as New Zealand, with the BCC backing a plan by the opposition Labour party for Brussels and the UK to agree a veterinary agreement to remove barriers to trade.

The report said UK agrifood businesses had “paid the price through delays, wastage of food and higher costs as a result” with some companies entirely abandoning trade with EU customers.
https://www.ft.com/content/203f0d33-...e-b578ad3dec52
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