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Chancellor Savid Javid has announced that an extra £2.1 Billion will be made available for preparations for a no- deal Brexit, part of which will go towards border and customs operations. With a very real potential of the UK departing from the EU with no-deal on 31/10/19, the hope is this extra cash injection will increase the UK’s readiness for such an outcome.

In total the Treasury has now made available £6.3 billion to prepare for the EU exit, including £4.2 billion funding this financial year alone.

Key points mentioned –

  • Doubling the support made available for customs agents to train new staff or invest in better IT so businesses can get the support they need to complete customs declarations.

  • Improving transport infrastructure around ports and additional funding for ‘Operation Brock’ to manage traffic disruption in Kent.

If you would like to read the full HMRC article, follow the link below

Chancellor announces billions to turbo-charge no deal preparations

If you are looking for more information on how to prepare for Brexit if you are currently importing goods from or exporting goods to the EU, you can visit our Brexit page or read our most recent blog that advised of 2 essential steps to prepare for customs clearance after Brexit

Otherwise, if you would like to ask Banks & Lloyd a question regarding Brexit, particularly preparing the freight side of your supply chain for it, you can fill in the contact form below or use the contact details provided.