EU officials have conceded that businesses on the Continent had “not had sufficient time” to prepare for the affects of a no-deal Brexit. Brexit has since between delayed two times by Theresa May and her EU counterparts, with Britain now scheduled to leave on October 31, 2019. Eurocrats have since urged businesses “to take advantage of the extra time” afforded to them, according to an internal European Commission document seen by Express.co.uk.
While officials claimed the EU was ready for a hard Brexit in March, they admitted: “In some sectors companies indicated in March 2019 that they had not had sufficient time to adapt.
“The Commission strongly encourages stakeholders to take advantage of the extra time.”
The Brussels-based executive has now warned the EU27 to be prepared for another no-deal cliff edge on October 31.
A secret meeting of officials and diplomats last week concluded that chances of a no-deal divorce have dramatically increased, especially with the current frontrunners in the Tory leadership race.
The paper states: “EU27 member states should screen their national contigency measures to ensure that they remain fit for purpose given the extension of the Article 50 period.
“In the case of a no-deal withdrawal, the final prepartory measures must apply as of November 1, 2019 at the latest.”
The Commission has published 93 no-deal Brexit “notices” advising businesses and citizens of the impacts of a hard split.
The bloc has also “adopted 16 non-legislative contingency acts” designed to “mitigate the most significant disruptions” of a no-deal Brexit.
But the measures are now “obsolete” because of the Brexit delay, leaving loopholes to chaos unless the Commission readopts them before November 1.
Brussels has also proposed 19 legislative acts, which are designed to maintain air travel, keep goods flowing and maintain citizens’ rights in the event of a no-deal.
The Commission paper said: “While the Commission does not speculate on the possible economic implications of different scenarios, it is clear that a withdrawal of the UK without an agreement would have a serious negative economic impact.”
The paper adds: “This impact would be proportionally much greater in the United Kingdom than in EU27 member states.”
The Commission is ready to step in to provide financial support “to mitigate the most affected areas and sectors” from no-deal harm.
Published at Wed, 12 Jun 2019 06:01:00 +0000