UK firms told 'set up in EU to avoid trade disruption

UK firms that export to the EU say they are being encouraged by the government to set up subsidiaries in the bloc to avoid disruption under new trade rules. Firms have been hit by extra charges, taxes and paperwork, leading some stop exporting to the EU altogether. But several say they have been told that setting up hubs in Europe would minimise the disruption, even if it means moving investment out of the UK.

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