A UK business trade body has demanded prime minister Theresa May answer 20 questions on the UK’s future trading relationship with the EU ahead of the 29 March deadline to help head off a disorderly no-deal Brexit.
Export duties, border controls and customs procedures have all been listed as areas where potential shocks could come by the British Chamber of Commerce.
Businesses lacked ” the information and clarity they need to navigate their forward course”, according to the letter from BCC director general Adam Marshall, heading in to what could be the biggest change for them in a generation.
The Guardian quotes Marshall as saying: “There is a very real risk that a lack of clear, actionable information from government will leave firms, their people and their communities hung out to dry…Even those companies trying their hardest to get ready are still in the dark on important matters from contracts through to customs. Many others, who took the decision to wait for the political process to conclude before acting, would face sudden and costly adjustments if a deal is not reached.”
The BCC is particularly concerned over potential escalating costs from export tariffs, but also retaliatory measures from the UK on its EU imports, with members telling the body they would like to see an official information hub where information about tariffs, duties and trade agreements for different countries are stored.