Brexit changes will add to soaring costs in 2022, warn UK manufacturers

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Make UK says two-thirds of companies fear customs delays and red tape from new rules will further hamper supply chains

will add to soaring costs facing British industry, amid concerns that customs delays and red tape will rank among the biggest challenges for firms this year.

According to the 2022 MakeUK/PwC senior executive survey, Brexit disruption remains among the biggest concerns facing industry bosses for the year ahead as and Business Research, business optimism and output growth fell in December as firms grappled with the fallout from the latest wave of Covid infections.

Despite concerns over the impact of Brexit and the Omicron variant, Make UK and PwC said that three-quarters of companies in its senior executive survey expected conditions in manufacturing to improve over the coming year.

Source: News Formal (newsformal.com)

 

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