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. […]
No-deal Brexit will cause ‘paralysis at the border’ in Northern Ireland with lengthy delays for HGVs seeking passage
A no-deal Brexit could result in one lorry every 30 seconds being subjected to checks at the border in Northern Ireland, according to the FTA.
FTA chief executive David Wells fears the government may try to blame the haulage industry for “failing to plan” for a no-deal Brexit in the event of subsequent road transport disruption.
With exactly 12 months to go until the UK is due to leave the EU, there are still huge uncertainties surrounding the UK’s post-Brexit trading relationship with the EU. The FTA is advising members that anything better than a ‘no-deal’ Brexit – that will see the UK trading with the EU27 members under World Trade Organisation (WTO) tariffs from March 29 2019 – will be ‘a bonus’.