Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

Business · 24 June 2026

Brexit cost small firms £250,000, many quit

Brexit cost small firms £250,000, many quit

Photo by Matt Brown on Unsplash

Ten years after the Brexit vote, thousands of small businesses have either stopped exporting to the EU or gone out of business entirely. Exporters say red tape and rising costs were ignored by a government focused on big companies when designing the hard Brexit. One cheesemaker, Simon Spurrell, lost £250,000 and his business, calling it the 'biggest self-harm' any government inflicted.

Reported by Guardian · How we write briefs

More briefs

BusinessPound climbs to $1.3329 after strong August UK growth data BusinessBritish Food and Drink Exports to EU Fall by Over a Third BusinessIMF economist says UK should cut spending, not tax banks PoliticsHealey Rejects Mansion Tax Change That Would Double Homes Affected BusinessOfgem Plans Charge That Could Make Cheap Energy Deals Harder to Find BusinessBank of England's Bailey Says Inflation Pressures Subdued as Rate Rise Looms More business stories → Browse all stories →