Almost 60% of all UK-EU trade passes through the UK short straits and ensuring their operational stability is key to facilitating and maximising international trade, but EU border controls due to take effect next May threaten to impact their resilience and sustainability. The European Entry/Exit System (EES) will replace wet stamping of passports and require …
With the pound sterling at itâs lowest level for decades, UK exports are incredibly good value to overseas buyers, we review the post-Brexit trade deals, to channel the UKâs competitive export sectors. The UK has signed trade deals and agreements in principle with 71 countries and one with the EU, but the majority of these …
The public accounts committee said the government has failed to demonstrate the economic benefits of its post-Brexit trade deals and it was doubtful that the government would hit its target of ensuring that 80% of UK trade was covered by a free trade deal by the end of 2022. The UK has signed just three …
The government, who would like your feedback on UK border controls, have announced an unexpected border easement, but another one that nearly a quarter of a million traders would welcome is unlikely to happen. Customs Declaration ServiceThe customs handling of import and export freight system (CHIEF) has been in use by HM Revenue and Customs …
After the PMâs trip to Northern Ireland this week failed to trigger any progress in the dead-locked political situation, the government has announced plans to table legislation that will scrap parts of the Northern Ireland protocol, in spite of fears that it could initiate a trade war with the EU. The political parties in Stormont …
The UK government has again delayed the introduction of further border controls on goods from the EU, due for implementation from July, pushing them back until the end of 2023, suggesting it did not want to add more costs at a time of fast-rising inflation. New import controls, including on EU food products, due to …
The EU introduced full import controls at the end of the Brexit transition period, while the UK government has now delayed full import control four times, with concerns rising that UK importers are not making appropriate declarations, risking fines and penalties. The UK governmentâs own Public Accounts Committee officials warned months ago that much remains to …
With the multiple transitions, extensions and grace periods granted by the government, to minimise the impact on supply chains, of cutting trade ties between the UK and EU, 30% of businesses were still ‘not at all prepared’ for customs controls, when they were reintroduced in January. Through 2021, for 12 months after the UK left …
New post-Brexit customs rules mean extra processes around declaring goods, which is increasing demand for scarce brokerage resources and pushing up the price of imports to the UK. Despite the UK government investing over ÂŁ700 million in border infrastructure and additional technology to monitor trade, importers are facing billions of pounds worth of additional costs after the …
Jacob Rees-Mogg, the newly appointed Brexit secretary, says current supply chain disruptions are caused by the pandemic and not Brexit, despite disagreement from trade bodies, importers and exporters. Mr Rees-Mogg has sparked controversy, after claiming that evidence shows Brexit-related impacts on trade drops were âfew and far betweenâ. The Brexit secretaryâs comments came a week after a report by the …