The UK is nowhere near ready for a no-deal Brexit, new figures reveal

June 13, 2019

calais drivers

New figures show the UK is “not even close to being ready for a no-deal Brexit,” according to industry leaders.
Less than 10% of the firms have applied for the scheme launched to minimise no-deal disruption for imported goods.
Tory leadership frontrunner Boris Johnson and other candidates have insisted the UK will leave the EU in October with or without a deal.
“We’re far, far away from being day one no-deal Brexit ready,” Mike Spicer from the British Chambers of Commerce told the BBC.
A leaked Cabinet note also revealed this week that it would take “at least four to five months” to make traders ready for new border checks that would be required.

LONDON — Many UK firms are “not even close to being ready for a no-deal Brexit,” according to newly released figures seen by the BBC.

The government in February launched the Transitional Simplified Procedures (TSP) Scheme, which would ease the flow of imports if the UK left the EU without a deal in October.

But less than 10% of the firms estimated to need the status have applied for it as of May 26, a BBC Newsnight investigation found.

Several candidates vying to replace Theresa May as prime minister in July, including frontrunner Boris Johnson, have said they will take Britain out of the EU in October with no deal if parliament fails to approve one.

The TSP scheme would allow British firms to import goods from maintain Europe without the need to fill out customs declarations at the border.

Currently, the UK is a member of the EU’s customs union, meaning goods coming into the country do not require firms to fill out any paperwork.

But only 17,800 firms had applied to the TSP by May 26, out of an estimated 240,000 who need the status by October 31, when the UK is scheduled to …read more

Source:: Business Insider

(Visited 1 times, 1 visits today)