Significantly fewer UK companies export to the EU

LONDON The reason is the additional administrative burden caused by the country’s exit from the EU, an expert from consulting firm UHY Hacker Young told the newspaper. Furthermore, there is not enough government support to navigate the “minefield” of trade regulations.

However, the tax office has warned against taking the figures at face value. A spokesperson for the newspaper said data collection has changed since leaving the EU. It is assumed that this is a misinterpretation and an error of fact.