News

Businesses call for reduction of Brexit regulation and red-tape

Santander's newest survey shows that UK businesses want the Government to support trade by reducing Brexit-related regulations and red-tape.

Businesses specifically called on the government to strengthen the mutual recognition of professional standards and qualifications across Europe, and reduce regulatory requirements around customs procedures, and obtaining appropriate licences for trading.

The Santander survey was released as new ONS figures on public sector finances revealed government borrowing in the financial year so far has surged past official forecasts.

Among a number of other practical fixes to the Brexit day, Best for Britain is campaigning for beneficial alignment with the EU on regulations and standards.

Tom Brufatto, Director of Policy at Best for Britain said,

“This is further confirmation that beneficial alignment with our largest market on regulations and standards is necessary to reduce trade friction, boost businesses and get the economy growing.

“With this morning’s ONS figures painting a bleak economic picture, it’s crucial that the Government build on their promising start to their UK-EU reset to make this policy a reality.”