News / Post-Brexit customs demands could add up to an extra £5bn cost for UK plc

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The cost of extra customs requirements in the UK after Brexit could be £5bn a year, according to research by the UK Warehouse Association (UKWA).

UKWA chief executive Peter Ward told a recent Brexit conference, organised in cooperation with BIFA, that the current 90 million or so annual frontier declarations for rest-of-the-world trade could escalate to 300 million, should they also be required for shipments to and from Europe.

“There’s a real possibility of another 210m declarations becoming necessary, bringing additional costs to UK plc in excess of £5bn ...