British exporters sending goods to far-flung destinations in the coming days risk being locked out of harbours around the world as a no-deal Brexit looms, business leaders have warned. Independent trade experts and the UK’s biggest business groups said exporters could be dispatching goods from UK ports imminently that would not arrive until after the 29 March deadline. This raised the prospect of goods being stuck in ports or facing hefty additional costs in the event of a disorderly Brexit. The warning came as the Bank of England warned the UK economy was on course for its weakest year since the global financial crisis, as evidence suggested Brexit jitters were spreading. It also emerged on Thursday that civil servants drafted a radical series of economic policy options after the 2016 Brexit referendum, which included slashing regulation, cutting taxes and removing tariffs. The cross-Whitehall work, known as Project After, first reported in the Financial Times, was then shelved when the government decided to reject the idea of a “race to the bottom” on rights and standards, government sources said. But as the likelihood of a no-deal Brexit grows, some ministers and officials have returned to the work in search of emergency… Read full this story
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