Amongst discussions of a ‘no-deal’ Brexit and its following potential repercussion of the UK leaving the EU on 31 October 2019, Tory MPs are being urged to do all they can to secure a deal. A no-deal Brexit could cause many implications to various industries across the UK.
The discussion has caused discomfort particularly within the haulage and freight industry as businesses are faced with the threat of closed borders and delayed transportation, which could lead to huge financial losses. Changes to the EU trading laws and the introduction of new permit applications for haulage drivers has already created issues for the industry, however it appears that conditions could become worse.
The Society of Motor Manufacturers & Traders’ (SMMT) 2019 UK Automotive Trade Report calculates that delays to production, due to friction at the border, could result in £50,000 losses a minute for the sector. In addition to this, billions of pounds in tariffs threaten to impact consumer choice and affordability.
Businesses moving goods across borders are still not aware of what to do in the case of a no-deal Brexit. Despite recent claims of a definite no-deal situation, the SMMT are urging new Prime Minister Boris Johnson to secure a favourable Brexit deal as his top priorit, in order to eliminate this uncertainty for the haulage industry.
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