SMEs Stop Exporting to EU Says FSB

The Federation of Small Businesses (FSB) has called for government action to control inflationary pressures by ditching an RPI-linked hike in rail fares and reducing Employer National Insurance Contributions, as the retail prices index (RPI) hit 3.8% and the headline rate of input prices showed growth of 9.9% in July.

(FSB) National Chair Mike Cherry said that another pressure on SMEs is the rise in fees charged by shipping and courier companies. Many of the FSB’s international-facing members report steep increases in the prices they pay to move goods around the world, and the organisation says that close to a quarter of small exporters have now stopped selling into the EU either temporarily or permanently, citing growing costs and admin.

>> MORE NEWS