There was a 62 per cent spike in customs duties for UK companies and customers on account of Brexit, amounting to just about £5bn.

A report £4.8bn was paid in customs duties on imported items within the final 12 months, up from £2.9bn beforehand, in keeping with new information by accountancy group UHY Hacker Younger.

For the reason that Brexit vote, importing items from the EU has grow to be extra advanced and costly, due to bureaucratic components, with some hauliers needing to produce uo to 700 pages of documentation at borders – resulting in main delays.

The spike was put primarily right down to Britain’s exit from the European Union, with Sean Glancy, Associate at UHY Hacker Younger saying: “Brexit associated customs obligation will increase couldn’t come at a worse time for British companies and customers.

“Inflationary pressures attributable to COVID and the conflict in Ukraine are being exacerbated by these further import duties.”