2021 SME exports stagnate, domestic sales rise, prompting calls for government support in post-Brexit EU trade.
SME exports stagnated post-pandemic, with 27% of exporters reporting an increase in sales and 52% no change, according to the British Chamber of Commerce's "Trade Confidence Outlook". Domestic demand remains more robust, with 37% of SME exporters reporting an increase in domestic sales. Concerns have been raised about the 21% decrease in overseas sales compared to 14% in 2018, highlighting the need for new government measures to support SMEs, particularly in relation to the EU post-Brexit.
August 11, 2024
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