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- The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to new data from HMRC.
- Discussing the figures with City A.M. today. Michelle Dale, a senior manager at accountancy firm UHY Hacker Young, pointed out the fall is due to the extra red tape UK businesses must now comply with when exporting to the EU.
Its not only business getting pummelled, labour too:
- Also, it emerged last week that Brexit has spurred a rise in City firms sponsoring overseas recruits, with around 200 workers based outside of the UK being hired per week.
- Visa sponsorships by UK-based financial services firms have been rising steadily for around a year, climbing from 722 in the fourth quarter of 2020 to 2,192 in the final few months of last year, The Times first reported, citing Home Office figures.
Its difficult to think that any of this comes as a surprise to anyone.