Coupled with the pandemic and the energy crisis, Brexit is absolutely destroying the UK at the moment. If you haven’t watched The Brexit Effect made by the Financial Times, then you really, really should.
This article in the New Statesman argues that the deregulation touted as a huge benefit of Brexit isn’t wanted or needed by most UK businesses. It’s the red tape added by being outside the EU single market that’s the problem.
Most businesses have no interest or understanding of the government’s plans for post-Brexit deregulation. And a majority of companies could not name a single EU law that they would change or remove to become more profitable, according to findings shared exclusively with the New Statesman by the British Chambers of Commerce.
In a new survey of 938 businesses, made up largely of SMEs (and therefore representative of the UK economy), just 14 per cent specified an EU regulation they would remove; 58 per cent of firms had no preference over the amendment or removal of any EU regulation. Half said that deregulation is either a low priority or not a priority at all.