Treasury: Brexit

(asked on 10th October 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to publish his Department's preparations for no deal.


Answered by
John Glen Portrait
John Glen
This question was answered on 15th October 2018

We firmly believe it is in the interests of both the EU and the UK to strike a deal. That remains the goal on both sides and we are confident that this will be achieved. But it is the job of a responsible Government to prepare for all scenarios, so we have already carried out very significant ‘no deal’ preparations for the unlikely event that we reach March 2019 without agreeing a deal.

We have already published over 100 technical notices so that businesses and citizens have time to prepare in the event of a 'no deal' scenario. These include notices outlining HMT and HMRC’s preparations on:

  • Banking, insurance and other financial services

  • VAT for businesses

  • The Government’s guarantee for EU-funded programmes

  • Trading with the EU

  • Classifying your goods in the UK Trade Tariff

    These are available on gov.uk in a centralised location that is easy for people to access and use.

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