Bombshell new data reveals worsening effects of Brexit and US tariffs - London Business News | Londonlovesbusiness.com
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Bombshell new data reveals worsening effects of Brexit and US tariffs - London Business News | Londonlovesbusiness.com
"'That's just the tip of the iceberg when it comes to ongoing export costs and delays,' says Parcelhero's Head of Consumer Research, David Jinks M.I.L.T. 'It was not only to EU destinations that export costs rose. 'Costs for shipping to the USA and other international destinations also rose year-on-year. 40.5% of retailers and 36.1% of manufacturers reported their global exports cost them more in December than in the same month of 2024. Trump's tariffs, introduced last April, played a role in this overall increase."
"Shock new results from the Office for National Statistics (ONS) Business Insights survey, carried out in late January, reveal that 32.7% of retailers and 25.6% of manufacturers reported that their costs rose at the end of the EU transition period and are still rising. Additionally, 3.3% of retailers and 4.7% of manufacturers who exported within the last 12 months said their costs of shipping to the EU had previously stabilised but are now rising again."
An Office for National Statistics (ONS) Business Insights survey in late January found 32.7% of retailers and 25.6% of manufacturers reported rising costs at the end of the EU transition period that remain elevated. An additional 3.3% of retailers and 4.7% of manufacturers who exported in the last 12 months said EU shipping costs had stabilised but are now rising again. Global export costs increased year-on-year, with 40.5% of retailers and 36.1% of manufacturers reporting higher costs in December versus the same month in 2024; US tariffs contributed. Around 10,900 UK businesses responded. Exports fell: 40.6% of retailers and 26.8% of manufacturers exported less in December 2025 than a year earlier, and 9.7% of retailers and 6.9% of manufacturers did not export at all in October–December 2025, a peak trading period for retail.
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