Are UK businesses ready for safety and security declarations for EU imports?
Alex Pienaar, HM Revenue and Customs’ (HMRC) director of customs policy & strategy, explains what ...
PLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW PG: STABLE YIELDAAPL: GAUGING EXPECTATIONSXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS
PLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW PG: STABLE YIELDAAPL: GAUGING EXPECTATIONSXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS
To add to what is now becoming a really quite lengthy list of businesses that may be screwed in the event of a no-deal Brexit – which is looking increasingly likely after the EU’s rejection yesterday of the UK’s ‘Chequers’ deal – comes airports. This interesting article from the Irish Times claims that airports all over Europe will face costs of hundreds of millions of euros and will result in a “highly degraded service”. Security is the main concern – and the ability to offer a seamless flow. New security personnel would need to be hired and trained – a process which takes six to nine months – while terminal infrastructure would need to change. The ACI has, therefore, called on the European Commission to urgently develop contingency plans. While the article focuses on passengers, there is no doubt that cargo will also be affected.
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