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Economics

UK Businesses Say Exports Stalled on Brexit and Inflation

  • BCC survey of 2,600 companies indicates risks to UK economy
  • A quarter of exporters say sales have decreased in last year
Haulage trucks at the check-in desks in the Port of Dover Ltd. in Dover, UK.

Haulage trucks at the check-in desks in the Port of Dover Ltd. in Dover, UK.

Photographer: Chris Ratcliffe/Bloomberg

British companies say exports have stagnated for more than a year due a surge in inflation and friction following the departure from the European Union.

The portion of businesses reporting increased sales abroad remains at 29%, little changed for a fifth consecutive quarter, according to a survey of 2,600 companies by the British Chambers of Commerce. A quarter of respondents said sales declined.