New Brexit Checks Set to Impact UK Business Costs and Inflation, Warns Allianz Report

Wednesday, 10 April 2024, 23:01

The upcoming post-Brexit border controls in the UK are expected to result in an estimated £2 billion increase in costs for businesses and drive inflation higher. Allianz Trade report highlights the potential damage to UK-EU trade due to the new import checks on animal and plant products starting from 30 April. The additional measures could lead to a 10% rise in import costs within the first year, affecting the economic landscape significantly.

https://store.livarava.com/3158ee9d-f78f-11ee-8982-87cc5c87fb08.jpg — New Brexit Checks Set to Impact UK Business Costs and Inflation, Warns Allianz Report

Allianz Trade Report on Brexit Impact

Upcoming new border controls in the UK post-Brexit could cost businesses £2bn, driving inflation higher according to Allianz Trade. These changes are set to affect the UK-EU trade landscape significantly.

Key Points:

Introduction of new checks on animal and plant products from 30 April
Estimated 10% increase in import costs in the first year
Economic impact on UK businesses and inflation rates

The report signifies the importance of preparing for the financial implications of the post-Brexit era.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Allianz Trade Report on Brexit Impact

Key Points:

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