Fall in trade will hit SMEs forced to shun EU exporting, warns Midlands tax expert
A fall in trade between the UK and EU shows SMEs are shunning EU exports, a leading Midlands tax expert is warning.
Latest data from the Office for National Statistics (ONS) shows a second consecutive monthly fall in trade, with the effects of Brexit and the global pandemic resulting in the total exports of goods, excluding precious metals, falling by £1.3 billion (4.6%) in August 2021.