⁍ Prime Minister Boris Johnson said it was time to prepare for a no-trade deal.


⁍ New checks and red tape that will apply from 1st January will create additional disruption.


⁍ Imported food and drink from the EU will face eye-watering tariffs, averaging 18%.


⁍ A no-deal outcome is bad for food and drink businesses, bad for food security, and bad for every household in Great Britain.


– Britain is preparing for the possibility that it will leave the European Union in March without a deal, with Prime Minister Boris Johnson urging EU leaders to change course. In a letter to European Commission President Jean-Claude Juncker, Johnson warned that “the days of uncertainty are over” and the UK is preparing for “an outcome that wrenches our country in two.” Britain is due to leave the EU on March 29, but the two sides haven’t been able to agree on details of a post-Brexit trade deal, and the British government has warned that there will be no transition to a new relationship if a deal isn’t reached by then. A look at coverage: No-deal: Johnson’s letter was widely seen as a warning to the EU that it must change course or Britain will crash out of the bloc in March with no deal in place, reports Reuters. If it does, the UK will remain a member of the EU customs union, meaning there will be no checks on the movements of people and goods between Britain and the EU, reports the AP. That means there will be tariffs and other barriers to trade. The chief executive of the British Retail Consortium warns that shoppers will “pay a heavy price” if there is a no-deal Brexit. “In the event of a no-deal Brexit, shoppers will – literally – pay a heavy price,” she says. “At the same time, border delays and disruption will bring further costs which will not be subsumed by industry. A no-deal outcome is bad for food and drink businesses, bad for food security, and bad for every household in Great Britain.”



Source: https://www.reuters.com/article/uk-britain-eu-business-reaction-factbox/factbox-industry-reaction-to-uk-pm-johnsons-brexit-statement-idUSKBN2711UW