Costing £160 million, HMRC’s new Customs Declaration Services (CDS) seems to be Brexit’s latest centre of controversy. Due to come into effect in January 2019, it’s expected to replace the current CHIEF system in handling the UK’s estimated 255 million customs declarations each year. The system has come under fire for being underfunded and undertested, with no contingency and only two months to resolve teething issues before the UK officially leaves the EU (Owen Bennett, Huffpost).
Reported by Business Insider UK, Guy Patten, Chief Executive of The UK Chamber of Shipping, suggested British ports face ‘gridlock’ post-Brexit, slowing down the process time for lorries, thus reducing the number able to pass through each port daily. Should this deter UK businesses from trading abroad though?
Paul Hull, European & Irish Director at KMB Shipping believes these potential issues are making businesses tentative about international trade. He states “With politicians keeping their Brexit cards very close to their chest, there is a great deal of uncertainty in the UK, which is making businesses extra cautious. After all, its human nature to fear the unknown.”