Brexit blamed for £850m fall in UK beauty exports

Britain’s beauty industry has suffered a £850m slump in exports to the EU since Brexit, according to top economists. Experts said the sector had suffered from customs hold-ups and increased red tape costs since the UK quit the bloc in January 2020. The Oxford Economics study, commissioned by the British Beauty Council, discovered a marked decline in exports to EU countries despite sales holding steady in the rest of the world. The research also found that the decline in EU workers had created skills shortage in the sector, while small beauty firms have been “disproportionately damaged” by post-Brexit barriers. “Covid is not the problem – Brexit is the problem,” British Beauty Council chief Millie Kendall told Bloomberg. “People have pulled out of territories.”

https://www.independent.co.uk/news/business/brexit-uk-exports-eu-beauty-b2437653.html

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