Registered On: January 3, 2014
Businesses hit with red tape, delays and costs: New customs declarations have put up barriers to trade, as a consequence of which many UK companies ceased trading with the EU this week, hauliers have been turned back at ports, the cost of sending packages to the EU has shot up and EU companies have stopped delivering to UK customers.
€6bn has already left the City, with worse to come: Six billion euros of EU share trading left the City this week and is lost for good, while the loss of passporting rights on January 1 and failure to agree a deal on equivalence has put £26 billion of financial services exports at risk.
Travel to EU will be more hassle. For anyone travelling to the EU, there will be more costs, paperwork, delays and limits, including a reduction in free healthcare and the return of roaming charges. You will also need more paperwork to bring a pet – even to take it to Northern Ireland. Brexit means borders within Britain.
Stick or twist?