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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 …read more


Source:: Businessinsider – Politics

      

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