The British government on Sunday urged companies to prepare for the end of the Brexit transition period, saying they must take action regardless of whether or not a trade deal with the European Union is closed.
Prime Minister Boris Johnson has said Britain will not extend the transition period, which ends on December 31, and that progress must be made to close significant gaps between the two sides in the coming days if a deal is to be reached.
The Business Ministry maintains that most companies should do the same regardless of the outcome of the negotiations and has planned a series of sector-specific webinars in October.
“With only 81 days left until the end of the transition period, companies must act now to ensure they are ready for the UK’s fresh start in January,” said Business Minister Alok Sharma, who will write to companies regarding to changes.
“There will be no extension of the transition period, so there is no time to lose.”
Businesses should do things like make sure that staff register for residence rights and prepare for customs procedures when trading with the EU, the government said.
The UK formally left the EU on January 31, but more than four years since it voted 52% -48% in favor of Brexit in a 2016 referendum, the two sides are haggling over a trade deal that will take effect when it ends. informal membership in December. 31.
The two main negotiators, Michel Barnier from the EU and David Frost from Britain, say they are slowly making progress towards a deal before the October 15 deadline, but that significant gaps remain in fisheries, equal conditions and governance. Both parties have planned a no-deal scenario.
(Reporting by Alistair Smout; Editing by Christina Fincher)
This story was published from a news agency feed with no changes to the text.
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