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Brexit: Half of UK Businesses Report Disruptions Post-Withdrawal

March 30, 2021 Leave a comment DRI Admin

Three months into the Brexit withdrawal, just over half of UK businesses say they’ve been dealing with disruptions ranging from small to large due to the new UK/EU trade agreement.

According to a YouGov survey of 2,046 business decision makers, 52% say their company has faced disruption since the Brexit Withdrawal Agreement came into effect on Jan. 1, 2021. 13% described large disruptions, 17% said it was moderate, and 22% reported a small amount.

Small and medium enterprises (SMEs) had the highest number reporting no disruptions at all (54%), while businesses that do a large amount of trade with the EU reported the most issues since the new agreement went into effect.

Interestingly, the 74% of businesses dealing with negative fallout from Brexit believe it will last for a long time, while the small minority that expect positive outcomes also only expect them to be short-term gains.

But unsurprisingly, the coronavirus pandemic has had a greater impact on businesses than Brexit. 71% said the pandemic will affect them negatively, while only 14% believe it will not have any consequences for their company.