UK prepares companies for “No Deal” Brexit


The British government informs the companies in the country about leaving the confederation without an agreement – and at the same time explores an option to possibly reach a deal.

Great Britain calls on British entrepreneurs to make preparations for leaving the European Union (EU) without an agreement. Around 200,000 traders would receive a letter outlining new customs and tax regulations, the government announced late Sunday evening. “Make no mistake, in just 75 days there will be changes and the clock is ticking for businesses,” said British Cabinet Secretary Michael Gove. Everyone must now work together to ensure that Britain can take advantage of the new opportunities that will arise “from an independent trading nation with control over its own borders, territorial waters and laws”.

The British Chamber of Commerce (BCC) accused the government of being responsible for the lack of preparation of businesses. “Given the triple burden of a resurgence of the coronavirus, tightened restrictions and a disorderly exit from the EU after the transition period, it is no wonder that businesses are finding it difficult to prepare,” said Adam Marshall, BCC Director General. Businesses are tired of having to deal with new ‘pitfalls and deadlines’ as they struggle with fundamental challenges as a result of the pandemic. He continued to hope for an agreement with the EU. “A deal would bring more clarity to companies so that they can plan”.


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