The EC announce their contingency proposals today in the case of a ‘no deal’ Brexit.
The plans are expected to allow London-based clearing houses and other market operators to temporarily continue servicing EU clients after Britain leaves the EU.
You can watch the presser in the above live player.
The European Commission says in case of “no-deal Brexit”:
- Goods coming from Britain may be subject to EU custom controls.
- Britons travelling with pets would find their EU passes were no longer valid in the event of a no-deal Brexit.
- UK trucks could be able to bring goods to EU until the end of 2019 if Britain offers similar rights
- UK rail operator permits issued by Britain will cease to be valid in EU
With the Brexit just over 100 days until Brexit, the European Commission have announced a list of measures to limit disruption in case the UK and the EU do not reach a deal by March 29