Economics
British Industry Warns of ‘Red Tape’ Risks to Trade After Brexit
- CBI warns of economic upheaval without U.K. and EU cooperation
- Separate regulations, new red tape are the main concerns: CBI
This article is for subscribers only.
Burning mattresses twice. Hundreds of pounds in extra costs to export a beef lasagne. Own-brand chicken curry hit by tariffs.
These are some of the potential consequences that lie in store for Britain when it starts its new economic relationship with the EU in 2021, unless the U.K. and the bloc find solutions during this year’s trade talks, according to the Confederation of British Industry, which represents 190,000 businesses.