The jump in energy prices and new European Union standards after Brexit hit the main article of British exports – cars. Presented the automotive industry worry that their competitiveness will decrease, writes The Guardian.
According to the British manufacturers and vendor sellers (SMMT), 9 out of 10 companies have encountered an increase in the time and resource costs after exiting the European Union, and 60 percent of firms reported that additional expenses for trade with the block “are much more significant than in other export directions. “
“The costs of compliance with the new rules were made to the UK potentially less competitive compared to some of our European colleagues,” “SMMT executive director Mike Hous, adding that the first few months after Brexit were incredibly difficult. The head of the trading group announced the need to reduce the costs to remain competitive.
Despite these problems, the European Union remains the main trading partner of the United Kingdom, since about half of all cars produced goes to EU countries, while almost all exported vans fall into European roads. Sale of cars brought UK in general 74 billion pounds sterling (more than 7.2 trillion rubles).
Brexit and Coronavirus generally reduced the volume of British exports to continental Europe. Thus, supplies of food in 2021 fell by two billion pounds of sterling (more than 195 billion rubles).