Brexit: UK firms ‘not even close to ready’ for no deal

Many UK businesses “are not even close to being ready for a no-deal” Brexit, figures seen by Newsnight suggest. In February, HMRC launched the Transitional Simplified Procedures scheme, aimed at easing imports in the event of the UK leaving the customs union and single market abruptly. Less than 10% of the firms estimated to require the status had applied for it as of 26 May, Newsnight has found. HMRC said it had plans to ensure “as many traders as possible are ready”. The Transitional Simplified Procedures (TSP) would allow UK firms to import goods from mainland Europe without filling out new customs declarations at the border. UK businesses would also be allowed to postpone the payment of import duties for one year. But figures show that only 17,800 firms had applied for the TSP as of 26 May. That’s less than 10% of the total of 240,000 firms estimated to require the status by 31 October, when the UK’s latest Article 50 extension is due to expire. READ MORE @ https://www.bbc.com/news/business-48611754

TECHNICAL CHART FOR GBPJPY

JPY SOON TO BE A SAFE HAVEN…

Trade war could cause global recession, Beijing official warns, as US investment growth in China sinks

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

2 Comments
  1. stornobrzinol 1 month ago

    Its excellent as your other posts : D, thanks for putting up.

  2. I am lucky that I detected this website, exactly the right information that I was looking for! .

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?