Uncertainty around Brexit, tariffs and exchange rate volatility are holding back the potential of many UK exporters according to a survey conducted by British Chambers of Commerce (BCC) and Bibby Financial Services (BFS).
We recently reported on details issued by manufacturers’ organisation Make UK and Santander showing that trade with other EU Member States is worth more than twice that with the United States (see Europe remains dominant market for UK goods).
The United States could be about to impose tariffs on EU goods ranging from aircraft to cheese and olives as a result of a ruling by the World Trade Organisation (WTO) in the long-running dispute over subsidies for rival planemakers Airbus and Boeing.
Following the recent £16 million investment to provide funding towards training and IT costs for firms that complete customs declarations (see Does your business complete customs declarations?), HM Revenue and Customs (HMRC) has announced that it will provide a further £10 million in grants.