End of the EU Transition Period
Businesses not permanently stopped trading were asked if they had any extra costs due to the end of the EU transition period.
Figure 8: Around a third (34.7%) of relevant businesses reported incurring no extra costs due to the end of the EU transition period. The most commonly reported additional costs continued to be those associated with transportation (29.8%) and increased red tape (17.3%).
Source: Office for National Statistics – BICS – Weighted Scotland Estimates – Wave 61
Additional transportation costs have been the most commonly reported costs since May 2021 (Wave 30), and is at the highest level (29.8% of businesses) since the series began. In addition, there was an increase in the proportion of businesses reporting extra costs for all of the response options in the latest wave.
Businesses were also asked if they intend to open any new branches or subsidiaries in the EU in the next 12 months, and only 1.1% of businesses reported that they were. This figure has remained broadly consistent since the series began in April 2021 (Wave 28).
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