Minister sends letter

Firms told: ‘take action now’ before EU transition ends

Alok Sharma

Alok Sharma: ‘no time to waste

More than half a million businesses are being warned to take action now to ensure they are ready for Britain’s exit from the EU at the end of the year.

UK Business Secretary Alok Sharma is writing to 600,000 firms telling them must have the right paperwork and procedures in place before the end of the transition period when Britain leaves the customs union and single market.

The changes include the way businesses import and export goods, the process for hiring people from the EU, and the way businesses provide services in EU markets.

Mr Sharma says the vast majority of these actions will need to be completed regardless of the outcome of Britain’s negotiations with the EU.

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Firms need to ensure staff register for residency rights and are prepared for customs procedures. 

To make sure businesses are prepared, the government will also host a series of sector-specific webinars throughout October to remind them of the changes they will need to make. 

Mr Sharma said: “With just 81 days until the end of the transition period, businesses must act now to ensure they are ready for the UK’s new start come January.

“There will be no extension to the transition period, so there is no time to waste.

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