Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Britain tells businesses to step up plans for no-deal EU exit

10/18/2020 | 10:17pm EST
London skyline

LONDON (Reuters) - Britain is urging businesses to step up preparations for a no-deal exit from the European Union when transitional arrangements end, telling them in a campaign that "time is running out".

Talks between Britain and the EU on a trade deal ended in recrimination last week, with both sides saying the other needed to compromise.

British Prime Minister Boris Johnson said on Friday there was no point in continuing discussions and it was now time to prepare for an exit without a trade deal.

Senior minister Michael Gove, however, said on Sunday the door was still ajar for talks to continue.

Johnson and Gove will hold a call with business leaders this week, the government said, while 200,000 traders will receive a letter setting out new customs and tax rules.

"Make no mistake, there are changes coming in just 75 days and time is running out for businesses to act," Gove said in a statement.

"It is on all of us to put in the work now so that we can embrace the new opportunities available to an independent trading nation with control of its own borders, territorial waters and laws."

The British Chambers of Commerce said the government was responsible for any lack of preparation on the part of business.

"Facing the triple threat of a resurgent coronavirus, tightening restrictions and a disorderly end to the transition period, it is little wonder businesses are struggling to prepare," BCC director general Adam Marshall said.

"Many firms will be tired of posturing, cliff edges and deadlines, while others are still grappling with fundamental challenges as a result of the pandemic."

He said a deal was still possible. "Much may change for business at year end, but a deal would give firms more clarity so that they can plan and adjust," he said.

(Reporting by Paul Sandle. Editing by Jane Merriman)


© Reuters 2020
Latest news "Economy & Forex"
05:25pROYAL AUSTRALIAN NAVY : Arunta returns home after more than 160 days at sea
PU
05:16pChile's Senate greenlights second pension withdrawal bill
RE
05:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:15pCENTRAL BANK OF BELIZE : Scotiabank (Belize) Ltd. Sale of Shares
PU
05:09pPassengers and freight transportation in the Republic of Moldova in January-September 2020
PU
05:09pExternal trade activity of the Republic of Moldova in January-September 2020
PU
05:05pST BARBARA : Appendix 3G
PU
04:50pEU warns decision on UK financial services won't come before January 1
RE
04:43pROXGOLD : Utilizes Pre-emptive Rights to Buy Back 0.3% NSR on the Séguéla Gold Project
PU
Latest news "Economy & Forex"