Read the latest Santander news articles and press releases that are relevant to your business sector.

The study, produced jointly with the Food and Drink Federation (FDF), argues that while the industry is already one of the UK’s most compelling export success stories, further growth overseas is the key to overcoming challenges such as the impact of Brexit.

The most successful businesses are ambitious in their investments, from talent acquisition and product development to new technology and overseas markets. But our Trade Barometer indicates there has been a worrying decline in business investment across all sectors of the UK economy over the past 12 months.

Britain’s businesses will need to resolve a serious skills shortage if their ambitions for expansion, both at home and abroad, are to be achieved. This is the warning from our latest Trade Barometer research. And while these problems can be managed, the study also suggests the cumulative effect of concerns over Brexit, as well as other headwinds, has made it more difficult to confront the skills gap.

The latest Santander Trade Barometer shows that, while 63% of businesses have already been impacted by Brexit, more than a third of them haven’t made plans to deal with its repercussions. This number rises to 54% for businesses trading only in the UK.

But while Brexit and its potential ramifications are causing concern for some, there are potential bright spots on the horizon which some businesses are hoping to seize.

Make UK/Santander analysis shows Europe remains dominant market for UK goods - Industry remains in top ten of world rankings

The FCA announced in 2017 its intention to stop compelling banks to submit the rates required to calculate LIBOR after the end of 2021. The FCA and other regulators have encouraged participants in the financial markets to take steps to stop using LIBOR by this date. The future of LIBOR is therefore not guaranteed beyond the end of 2021.


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