cream on top of trifle |
The timing was appropriate as today, Dominic Raab, Secretary of State for Exiting the European Union, announced the release of the first 25 papers on how different sectors of the UKshould prepare for the event of a no deeal Brexit.
The elements required 'to mitigate risks' that caught my eye were:
- Businesses being asked to prepare for added administrative HMRC steps when WTO trade conditions set in for imports and exports.
- Pharmacies being asked to stock up with several weeks of medicines originating from the EU.
- New Science and EU Student support being excluded from access to EU funding after March 2019.
- Small online purchases coming from the EU could be liable for VAT.
The main beneficiaries will be the additional 7000 plus administrators roped in to help deal with the extra red tape. More papers to be released over the coming month.
Whilst the hypnotically calm voice of Dominic Raab introduced the papers in soothing voice and with the assurance that of course we still hoped for a deal, Chancellor Philip Hammond dropped his own spoiler. He stated that the UK economy would suffer by up to 8%, whichever Brexit happened.
Good news from the US. According to President Trump, he cannot be impeached because the US, nay, the world economy would crash - after all, he has achieved so much more than any other president.
Methinks Trumps achievements are on the whole more negative than positive.
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