More than three-quarters of British companies report that the trade agreement between the EU and Britain has made it difficult for them to increase sales and grow their business
The UK and EU finalised the agreement on the TCA on December 24, 2020 to allow tariff-free trade when Brexit took effect.
The survey of more than 1,168 businesses, which was published on Wednesday, showed significant challenges for UK firms trying to use the Trade and Cooperation Agreement that was signed in 2020 to allow tariff-free trade with the European Union once Brexit took effect. "It has coincided with the start of a forecast lengthy period of recession and economic and supply chain shocks caused by the war in Ukraine," the report said.
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