ParcelHero warns of £5.25bn e-commerce black hole as Brexit red tape hits sales


 

A new study from ParcelHero, released today, warns that Brexit red tape and increased duties could see UK traders face a 35% drop in sales of products sourced overseas. David Jinks, ParcelHero’s head of consumer research, estimates this would leave a £5.25bn black hole created by lost trade and increased costs. ParcelHero’s latest Brexit Study – ‘The £5.25bn Brexit Crisis that Continues to Escalate’ looks at the impact of Brexit on UK traders and the UK government’s unilateral moves to […]