Red tape, rising costs and regulation 'holding back exports'

Red tape, rising costs and increasing regulation are holding back exports, a survey of UK businesses carried out by the British Chambers of Commerce (BCC) has found.

Current customs checks and declarations present 'barriers to exporting', according to 49% of firms polled. An additional 40% of businesses said taxes and duties are other areas of concern.

Regulation, such as product certification, causes problems for 38% of small firms, the BCC found.

William Bain, Head of Trade Policy at the BCC, said:

'Our findings highlight the key priorities for business that could make a difference when it comes to UK trade negotiations and other related policy developments.

'What they want to see are faster customs processes, removal of non-tariff regulatory barriers, tariff reductions where these could make a difference, fewer hoops to jump through and greater certainty.

'With the UK government involved in trade negotiations with so many countries right now, including India, South Korea, Canada and Mexico, these findings are a timely reminder of the important issues.'

Internet link: BCC website

Address

Sam Rogoff & Co Ltd, 3rd Floor, Great Titchfield House, 14-18 Great Titchfield Street, London W1W 8BD

Contact us today!

0207 637 5310

© 2024 Sam Rogoff & Co Ltd. All rights reserved. powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.
Sam Rogoff & Co Ltd, is a UK Limited Company registered in England and Wales under number 07092178. Sam Rogoff & Co Ltd is authorised and regulated by the Institute of Chartered Accountants in England and Wales (“ICAEW”) under registration number C002545445 and is subject to the ICAEW Code of Ethics. Regulated for a range of investment business activities, and licensed to carry out the reserved legal activity of non-contentious probate in England and Wales by the ICAEW. Details of our status can be viewed at www.auditregister.org.uk under registration number C002545445. We are registered for VAT under registration number GB 228 4926 42