Small British firms retreating from EU markets due to red tape and costs

A UK body representing small businesses has warned that small firms were being pushed out of European Union ​markets due to red tape, rising costs, and complex ‌rules, highlighting the continuing effects of Brexit more than six years after the UK left the union.

The research from Britain’s Federation of Small Businesses underlined ​the challenges of trading with the bloc, despite the current ​Labour government’s push to reset economic and defence ties ⁠at a time of global uncertainty over tariffs and war.