The UK Government has published an assessment report on the effect on Businesses and Trade a “No-Deal” Brexit would have.
Currently the UK will leave the EU on the 29th March without any deal whatsoever with the EU. With many International Leaders calling on the UK to change course.
In the report the Government claims to have taken “significant action” to prepare for a “No-Deal”, but the report says at the same time that there is little evidence businesses are preparing in earnest.
Key Points from the Report
– Food Prices are very likely to increase
– Additional Custom Checks will cost business £13 BILLION a year
– The biggest effect would be on Food Supply crossing the channel, with 30% of this coming from the EU
– A high chance here would be a reduced availability and choice of products
– During Spring the UK is heavily reliant on the channel cross for fresh fruit and Veg
Chuka Umunna, who now sits in parliament with the Independent Group of MPs, says the government’s assessment of the impact of a no-deal Brexit demonstrate that it would “be a catastrophe”.
“These documents, which the Independent Group of MPs have forced this government to publish, paint a disastrous picture of the catastrophe which would befall our country if there is a no-deal Brexit. In light of what she knows, it is utterly irresponsible for the prime minister to keep a no-deal Brexit on the table, given the extreme damage it will do. These papers set out how food prices will rise, we may see panic buying, there will be severe disruption at the border, and jobs and livelihoods would immediately be put at risk.
Today, she told the House of Commons she is listening but MPs have passed a motion rejecting a no-deal Brexit and yet she refuses to request an extension of the Article 50 process in order to stop no-deal happening. The prime minister is refusing to face down the hard-right extremists in her own party and put the national interest first. This is yet more evidence of our broken politics. We have no choice but to change it.