My right honourable friend the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office has today made the following Written Ministerial Statement:
On 14 February 2019, the Parliamentary Under-Secretary of State for Exiting the European Union, the Honourable Member for Daventry, made a commitment in the House that I would meet with the Right Honourable Member for Broxtowe on behalf of the Government, to identify information to be published relating to the implications for trade and business of a no-deal exit from the European Union on 29 March 2019.
These discussions have now taken place. In light of these discussions, I am depositing in the Libraries of both Houses the following document: Implications for Trade and Business of a No Deal Exit from the European Union on 29 March.
This document summarises Government activity to prepare for no deal as a contingency plan, and provides an assessment of the implications of a no deal exit for trade and businesses, given the preparations that have been made.
The Government’s primary aim remains to ensure that the UK leaves the EU on 29 March with a negotiated deal which will honour the result of the referendum. However, as a responsible government, it continues to plan for all eventualities. Guidance for businesses and citizens on how to prepare for a no deal scenario can be found on the Government’s Exit guidance website, www.gov.uk/government/brexit.
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