Effects of Brexit on British companies

British companies that trade with the EU are facing significant challenges due to Brexit. Erecting barriers to trade with the EU has made it harder for these companies to maintain trading relationships in Europe, expand their businesses, and access European markets. For example, a company providing gas turbine servicing operations to European companies now faces difficulties due to the need for permits to bring staff over. This has resulted in delays in servicing and loss of business to European competitors. Small businesses have also experienced challenges, with a decline in product trading relationships and the need for additional licenses. These trade barriers pose a significant disadvantage for UK companies compared to their competitors in the single market.