Businesses told to prepare for No-Deal Brexit
Michael Gove: ‘new challenges and opportunities’
Business leaders will be warned not to get caught out by new rules at the end of the transition period and to prepare for an Australia-style exit from the EU.
In a call with business leaders the Prime Minister and Michael Gove will discuss preparations and ask businesses to step up their efforts to get ready for the changes and opportunities in just over eight weeks.
Talks between Britain and the EU on a trade deal ended in recrimination last week, with both sides saying the other needed to compromise.
The government today launches the latest phase of its public information campaign emphasising the increased urgency to prepare for the end of the UK transition period with the strapline “Time is running out”.
HMRC is today also writing to 200,000 traders who trade with the EU to set out the new customs and tax rules coming into place and how to deal with them.
This follows a clear direction from the Prime Minister that the whole UK must prepare to leave the EU on Australia-style terms based on simple principles of global free trade, after the European Council conclusions last week left us without a basis to continue trade negotiations if there was no fundamental change in the EU’s negotiating position.
Cabinet Office minister Michael Gove, however, said on Sunday the door was still ajar for talks to continue.
In the meantime, he said: “At the end of this year we are leaving the EU Single Market and Customs Union and this means there are both new challenges and new opportunities for businesses. Make no mistake, there are changes coming in just 75 days and time is running out for businesses to act.