At least a third of British exports companies have already suffered a major loss in both business and investment as a direct consequence of the country’s pending exit from the European Union (EU), a new study shows.
Around 30 percent of the one thousand firms that were surveyed by the University of Sussex revealed that they had experienced export sales fall, The Independent reported Monday.
Some 22 percent of them said they had already lost up to 10 percent of their trade as a direct result of Brexit, while 6 percent said their loss was between 10 and 30 percent.
Brexit had also negatively affected investments in British companies that contribute to the country’s exports by £52 billion a year.
The researchers warned that besides a possible shortage of skilled workers, British companies that are in a supply chain or on a tender list with EU-based companies were likely to lose their contracts as a direct result of the divorce.
“Our…