No time to plan an October no deal – The FT

  • Boris Johnson is keeping open the possibility that Britain will leave the EU on October 31 in a no-deal Brexit.
  • While Mr Johnson says the UK “is more than capable of rising to the challenge”, he ignores one point: there is too little time between now and October 31 to put adequate no-deal preparations in place.
  • Many politicians assume that because the UK planned for a possible no deal on March 29, all those plans are still in place. But this isn’t the case.
  • Whitehall’s emergency civil contingency units for no deal were stood down after March 29. Contracts with ferry companies to ship emergency supplies have been cancelled.
  • There are three areas in particular where the planning window for an October 31 deadline seems too short:
    • the impact on business
    • questions over whether the civil service could cope with another no-deal deadline so soon
    • no deal on October 31 would need to be preceded by legislation in the Commons.

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

  •  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.
  • 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. 
  • 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.
  • Before firms can register for TSP they have to apply for an ‘Economic Operator and Registration Identification’ (EORI) number from HMRC. 
  • So far 69,000 firms had signed up for EORI status by 26 May – less than a third of the 240,000 EU-trading UK firms estimated to need one.
  • HMRC says that it only takes firms 10 minutes to register for an EORI number online and claims it has the capacity to sign up 11,000 businesses per day. 
  • But the British Chambers of Commerce and the Federation of Small Businesses have said that HMRC should automatically issue EORI numbers to companies that need them, rather than waiting for them to apply.

Rory Stewart threatens ‘alternative parliament’ to avoid no-deal Brexit – The Guardian

  • Rory Stewart has said he would set up “an alternative parliament” should the frontrunner, Boris Johnson, suspend parliament to pursue a no-deal Brexit. 
  • In a plea to supporters of Jeremy Hunt and Michael Gove, Stewart’s backer, the justice secretary, David Gauke, suggested they would not have a chance of beating Johnson in the final round. “A safe pair of hands is not going to beat Boris Johnson,” he said.
  • Campaign sources for Hunt, Gove and Javid conceded there was now a race for second place behind Johnson, who won 114 votes, well ahead of his rivals. 
  • Gauke said he believed there was still “quite a lot of hidden support there for Rory”, who won votes from 19 Tory MPs – 12 more than had publicly declared support for him.
Author

Jessica's practice focuses on international trade and anti-bribery work, encompassing customs, export control and sanctions matters. Jessica's trade work includes advising international clients on fast-moving and evolving EU and UN sanctions, notably in respect of Iran and Russia, and on compliance with UK and EU export controls. Her trade experience also includes advising on tariff classification and customs valuations. Jessica's anti-bribery experience includes assisting with investigations, and advising clients on compliance with anti-bribery laws. Jessica has also taken a lead role in monitoring Brexit-related developments; analysing how they will affect the UK's trading position generally, and clients' businesses specifically. She has helped clients begin to conduct risk assessments of how Brexit will impact their businesses, and has assisted them in developing tailored Brexit strategies. Jessica also presents at various seminars, webinars, and conferences on the complexities of Brexit. Jessica advises global clients on complex issues arising from international transactions and works with clients across a number of sectors including pharmaceuticals, defence, finance, aviation, energy, and telecommunications. Jessica has also worked previously in Paris, and is fluent in French.

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