No deal papers paint bleak outlook for British businesses

Jack Peat - 24 August 2018

Businesses can expect a lot more red tape, extra bureaucracy and additional costs in the event of a no deal, the government’s initial papers reveal.

Dominic Raab presented the first 24 of 80 papers prepared by the government to explain plans that would mitigate the impact of a no deal Brexit.

The papers contain a host of new regulatory regimes, doubling up of registration and extra processes for British business and consumers.

Before importing goods from the EU businesses will need to register for an EORI number, ensure their contracts and INCOTERMS reflect they are an importer, potentially engage a customs broker, freight forwarder or logistics provider and decide the correct classification and value of their goods, none of which they are required to do now.... See more

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