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Bedfordshire Chamber of Commerce


Exporters


report difficulties in adapting to change


Results from the fi rst major business survey for 2021 by the British Chambers of Commerce on Brexit found that nearly half (49%) of exporters are facing diffi culties in adapting to the changes in the trade of goods following the ratifi cation of UK-EU Trade and Cooperation Agreement (TCA) on 1 January 2021. Fieldwork for the survey, which received over 1,000 responses,


Justin Richardson CEO


Bedfordshire Chamber of Commerce


mainly from SMEs, was carried out in January. The survey sought to understand the extent to which businesses found it easy or difficult to adapt to changes in trading goods and/or services and moving people in the month since the ratification of the TCA. Businesses reported the highest proportion of difficulties in


adapting to changes in trading goods, where the survey found that: - Overall, around a third of respondents reported challenges in adapting to changes in moving or trading goods in the first month of


the year, while 10% said they had found adapting to the changes easy and 16% said it was too early to say - However, the percentage facing difficulties in adapting to changes in trading goods rose for exporters, where half (49%) reported issues, as well as manufacturers, where the percentage facing difficulties was just over half (51%) - 14% of firms said that they faced difficulties in adapting to changes in the trade of services. The percentage facing difficulties rose for exporters, where 21% reported issues.


When asked about the specifi c diffi culties businesses were facing, commonly cited concerns included increased administration costs, delays and confusion about what rules to follow and tariff implications.


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ALL THINGS BUSINESS


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