No-deal EU Exit Implications

Tuesday 26th February 2019 Written Statements

[The Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office (Mr David Lidington)]

On 14 February 2019, the Parliamentary Under-Secretary of State for Exiting the European Union, the hon. Member for Daventry (Chris Heaton-Harris), made a commitment in the House that I would meet with the right hon. Member for Broxtowe (right hon. Anna Soubry) on behalf of the Government, to identify information to be published relating to the implications for trade and business of a no-deal exit from the European Union on 29 March 2019.

These discussions have now taken place. In the light of these discussions, I am depositing in the Libraries of both Houses the following document: “Implications for Trade and Business of a No Deal Exit from the European Union on 29 March”.

This document summarises Government activity to prepare for no deal as a contingency plan, and provides an assessment of the implications of a no-deal exit for trade and businesses, given the preparations that have been made.

The Government’s primary aim remains to ensure that the UK leaves the EU on 29 March with a negotiated deal which will honour the result of the referendum. However, as a responsible Government, we continue to plan for all eventualities. Guidance for businesses and citizens on how to prepare for a no-deal scenario can be found on the Government’s exit guidance website at: www.gov.uk/government/brexit.

[HCWS1361]