A recent survey by Santander highlights a considerable concern among UK businesses regarding Brexit-related regulations. Approximately one-third demand the government to ease these constraints to bolster trade.
The survey reveals that despite a growing optimism among small to medium-sized enterprises about future growth, many are seeking relief from current Brexit trade requirements. With 74% of businesses confident about growth over the next few years, there’s a marked rise in ‘very confident’ sentiments from 22% to 36%.
Further regulatory complexities arise from postponed new customs processes for business parcels. Initially planned for October 2024, these have now been deferred to March 2025, compounding business uncertainties.
Labour’s recognition of enhanced MRA importance in its manifesto suggests potential future focus to strengthen UK-EU trade relations.
Recruitment challenges persist, with 24% of businesses requesting more efficient avenues for talent acquisition within the UK.
The insights from the Santander survey underline critical areas where government action can significantly impact business growth and ease market entry.
Increased governmental focus on reducing trade-related complexities aligns with broader business expectations. A concerted effort in this direction could catalyse substantial economic benefits for the nation.
Overall, the message from UK enterprises is unmistakable: streamlining Brexit-induced trade barriers is crucial for sustainable growth. Continued collaboration between businesses and policy-makers is essential to navigate these challenges effectively.
To conclude, addressing Brexit-related trade barriers could significantly empower UK businesses. Proactive policy intervention can unlock new growth avenues and foster a thriving economic environment.
