Post-Brexit trade border controls to cost UK $6 billion – DW – 05/20/2024
www.dw.com
The UK's public spending watchdog said government expenditures on implementing new rules for post-Brexit imports would total some $6 billion. The report criticized "uncertainty" surrounding government plans.

The UK’s public spending watchdog said government expenditures on implementing new rules for post-Brexit imports would total some $6 billion. The report criticized “uncertainty” surrounding government plans.

Britain will spend at least 4.7 billion pounds ($6 billion, €5.5 billion) on implementing a new approach to import goods after exiting the EU customs market in 2020, the UK government’s public spending watchdog said on Monday.

The UK voted to leave the European Union in 2016 but remained in the bloc’s single market and customs union until 2021.

In 2021, the UK withdrew from the EU customs union and a new EU-UK Trade Cooperation Agreement (TCA) went into effect.

The European Parliament said in a report that the trading of goods between the parties had become “burdensome” since Brexit and trade volumes had shrunk.

  • paddirn@lemmy.worldEnglish
    83·
    6 months ago

    One of the most epic face-plants of the 21st century and proof of how vulnerable democracy is to misinformation.

    • Destide@feddit.ukEnglish
      27·
      6 months ago

      All the people that voted yes as some sort of protest, "That’ll show them tm "

      • GreyEyedGhost@lemmy.caEnglish
        51·
        6 months ago

        Yet another piece of evidence that protest votes do nothing but help those who are up to no good.

        • doleo@lemmy.oneEnglish
          15·
          6 months ago

          Yet another piece of evidence that protest votes do nothing but help those who are up to no good.

    • kent_eh@lemmy.caEnglish
      7·
      6 months ago

      Meanwhile the mis/dis-information campaigns continue to roll along at an ever accelerating speed around the world.