A £2.1bn funding package for no-deal Brexit preparations is not enough to cover the costs the haulage industry will incur, the FTA is warning. The funding package, announced by chancellor Sajid Javid last week, includes £1.1bn already committed to plans for 31 October and £1bn in reserve. The move came as Bank of England governor Mark Carney warned that a no-deal Brexit would deliver an “instantaneous shock” to the economy, resulting in a falling pound, rising inflation and slowing GDP. […]
The DfT is running out of time to put in place additional ferry capacity ahead of the Brexit deadline of 31 October and is ill prepared for the possibility of a no-deal Brexit, the Public Accounts Committee has warned.
James Hookham, deputy CEO of the Freight Transport Association, says that the UK will need to replace Community permits on Brexit day.
The UK’s automotive supply chain faces a huge shock in the event of a no-deal Brexit, warn associations
A no-deal Brexit will cause “massive logistical problems” in the automotive supply chain, with manufacturers facing a choice of either absorbing significant rising costs in the movement of vehicle parts or passing them on.