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Negative impacts of Brexit

Negative impacts of Brexit

According to a survey by consultants South West Manufacturing Advisory Service which includes almost 300 companies shows disruption from new customs checks that came into force on Jan. 1 for UK goods trade with the EU. The results of Brexit is new restrictions which pushes the costs of raw materials and parts for 66% of manufacturers in Britain. 

Nick Golding, managing director of South West Manufacturing Advisory Service said: "Price hikes in the supply chain have been immediate, and we are hearing tales of lead times being extended on raw materials."

Manufacturers mainly (65%) informed about increased costs and 54% reported problem by impacted restrictions on the exportation of goods to the EU.

UK government wants to help small companies of 20 million pounds to handle with new restrictions from the EU.

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Performance of FTSE 250 (Tradingview.com)