Overwhelming anxiety: EU trade after Brexit makes UK companies bored - Imports and exports plummeted

In the context of the Brexit controversy between the UK and the EU increasingly tense. This is certainly not in the UK's favour. Exporters fear the Northern Ireland protocol will fuel a trade war with Brussels, with potential tariffs imposed on goods exported to the EU, making an already difficult job even harder. . The Brexit government argues that: “The UK solution to fix the problems with protocol and protect the Belfast Agreement will cut costs for businesses, eliminate unnecessary paperwork and protect UK and EU markets”. However, the reality is far from that. For example, Mark Brearley is still frustrated by Brexit. More than a year since Britain officially withdrew from the EU, under the terms agreed to by Boris Johnson's government, it has not been easier for the producer to export the goods his company produces. headquarters in London. For the past seven decades, the company Brearley runs, Kaymet, has manufactured and sold trolleys, trays and electric stoves from its factory just off Old Kent Road to customers including the British royal family. The company sells in 40 countries around the world. But leaving the EU has added to Brearley's costs and made it harder to sell items abroad. Official figures show UK exports to the EU remain significantly below pre-Brexit levels, despite some recovery from the initial plunge in January 2021 at the end of the transition period. Exports fell 40% on the month as traders adapt to new border delays and red tape, but ended last year down 11% from 2018 - the year used by the Office for National Statistics. make the most reliable comparison, pre-Brexit. Although Boris Johnson claims to have "done Brexit", his government now views this central plan in his deal as broken. However, concerns are growing that new Brexit barriers are emerging as the government threatens to tear up the Northern Ireland Protocol, which covers trade between the UK, Northern Ireland and Ireland. Raoul Ruparel, who served as Theresa May's special adviser on Europe for the first round of Brexit talks, says companies could start scrapping their old no-deal Brexit plans if the situation deteriorates .But what they don't want is constantly changing the rules of trade with the UK and the EU.” Trade figures show UK exporters are feeling the pinch. According to the Dutch Bureau of Economic Policy Analysis, which tracks trends in global trade, March merchandise exports from advanced economies - including the UK, US, Japan and the region euro - 2% above the monthly average for 2018, after adjusting for inflation. In the UK, however, actual exports fell by almost 22% in the same month. The protracted Brexit dispute is doing too much damage to the UK's economy. As more and more old companies are leaving the UK to move to countries within the EU in search of a better market to avoid red tape. Besides, political instability makes foreign investors not invest in the UK. Those are huge damages that any of the Brexiteers feel. That is why it is necessary to stop all Boris's destructive plans.

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